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Monday, 26 November 18
SUPRAMAX: THE ASIAN MARKET STALLED THIS WEEK WITH A BUILD-UP OF TONNAGE - BALTIC BRIEFING
.jpg) Capesize
It was a positive end to the week, with West Australia/China making significant gains and firing owners’ resolve. There was talk that one of the majors paid $7.00 for 7-9 December cargo on Friday, with rates gaining 85 cents in a few hours. Timecharter activity so far remained negligible, but rates are assessed now at five figures. Brazil/China trading was spasmodic, but rates fixed were over $15.00. However, brokers said some bids were up today and owners also increased their rate ideas with the bid-offer gap widening significantly. Further north, there was some fronthaul business from St. Lawrence to China and voyage rates had been hovering in the upper teens, with timecharter rates in the very low $20,000s. Those numbers were again expected to move to at least $1,000 or so. Transatlantic trading was slow, but a Puerto Bolivar/Rotterdam cargo went on a 2007 built vessel from Gibraltar at $13,000 daily, reportedly equating to $8.25. Sources also suggested more cargo was evident in the market, lending some support.
Panamax
It seemed a new level of support from South America was found last week, after rates had tumbled the previous week. Modern Kamsarmaxes continued to fix at $14,500/$14,750 plus $450,000/$475,000 ballast bonus for trips to the East. Levels in the North Atlantic eased for the very early ships as they sought cover, however, the tonnage profile remained tight, with later ships more bullish. Pacific rates continued to be eroded with short Indonesian trades very prevalent as many decided to buy some time. However, several early ships had been forced to agree aps deliveries. There appeared to be more Panamax types in the market last week, said to be due to a slow-down in Chinese coal demand, and whilst period rates are at a significant premium to spot rates now, there was few trades in evidence.
Supramax
Despite stronger rates rate being achieved from the US Gulf and East Mediterranean, the week saw overall losses on the BSI, with the Asian market suffering most. There was however limited period activity and a 63,000dwt fixed delivery US Gulf, for a short period redelivery Singapore-Japan, at $18,000.
The Atlantic remained firm from the US Gulf, with a 63,900dwt fixed from here to West Coast Central America at $27,500. Levels remained firm for prompt positions in the Mediterranean and a 57,000dwt was booked for a trip to the US East Coast, via Egypt, in the mid-teens. A 60,500dwt fixed a trip delivery Canakkale via the Black Sea, redelivery Indonesia, at $27,000. Other areas traded sideways brokers said.
The Asian market stalled this week with a build-up of tonnage. Nickel ore shipments were still in evidence, a 56,000dwt fixed delivery CJK trip, via the Philippines, redelivery China. North Pacific business saw a 57,000dwt fixing delivery Ishinomaki with redelivery South East Asia at $10,000.
Handysize
It was another week of continuous falls in both the Atlantic and Asian basins, with negative sentiment evident in all major trading areas. Brokers suggested most of the cargoes from East Coast South America were for December, and the market had been expected to show some recovery this month. However, brokers have now suggested they anticipate some improvement by year end. Activity slowed down from the US with the Thanksgiving holidays at the end of the week, whilst in the East, there were fewer cargoes and rates also fell further.
A 33,000dwt open Rouen was booked to move wheat to Algeria at $13,250. A 35,000dwt open Tuzla was fixed for a trip with grain, via the Black Sea, to the Egyptian Mediterranean in the mid-high $14,000s. A 37,000dwt agreed $17,000 from the US Gulf for a run to Ireland at $17,000. In the Pacific, a 36,000dwt open North China was fixed for a trip with steel to Vietnam at a rate in the low $7,000s.
Source: The Baltic Briefing
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Friday, 04 January 19
FOCUS IS ON BOOSTING COAL PRODUCTION: INDIAN COAL MINISTER
The current focus of the government is on boosting production from operational coal mines, according to Minister for Coal, Piyush Goyal.
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Thursday, 03 January 19
CAPESIZE: A MORE POSITIVE START OF THE NEW YEAR THAN EXPECTED FOR THE BIG SHIPS - FEARNLEYS
Capesize
A more positive start of the new year than expected for the big ships, with average gains of US$ 500/day posted on the first tra ...
Tuesday, 01 January 19
INDONESIA: COAL PRODUCTION EXPECTED TO EXCEED THIS YEAR'S TARGET - JP
Indonesian coal production reached 456 million tons up to Thursday or 94.02 percent of this year’s total target of 485 million tons, accordin ...
Monday, 31 December 18
THE INDONESIAN COAL MARKET Q1 '19 FORECAST: LOOKS DIRECTIONLESS - TRADER
The Indonesian coal market looks directionless, an International coal trader said when we asked him to give his forecast for 1Q' 2019.
...
Monday, 31 December 18
GLOBAL COAL DEMAND GREW BY 1% IN 2017; GLOBAL COAL POWER GENERATION INCREASED BY OVER 250 TWH - IEA
After two years of decline, global coal demand grew by 1% in 2017 to 7585 Mt as stronger global economic growth increased both industrial output an ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Minerals Council of Australia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Mjunction Services Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
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