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Saturday, 26 January 19
SUPRAMAX: NICKEL ORE RUNS SAW A 56K DWT VESSEL, DELIVERY PHILIPPINES, FIXED FOR A TRIP TO CHINA AT $6K - BALTIC BRIEFING
 Capesize
A week of dashed hopes for owners as the optimism evident the previous week evaporated. Rates slipped on all routes and underlying threats of a cyclone in West Australia saw the miners on the side lines. The West Australia/China route fell to $6.00 for 6 February onwards and cyclone worries receded, many hoped this was the floor. There was timecharter activity, but rates were only just hovering around five figures. Brazil trading was relatively active, and there were signs of firmer numbers as the week closed out with owners proving more resistant to low numbers. Rates were split, with prompt cargoes commanding a premium, with a 10 February onwards booked from Tubarao to China at $17.25 and second half February at $16.40. North Atlantic rates dipped with Puerto Bolivar/Rotterdam rates nearer $8.00 than $9.00, while fronthaul trades were in the mid $25,000s for ships not breaching International Navigating Limits (INL’s) but the tonnage list was tightening. There was some period activity, with an eco-175,000 booked for 11/13 months close to $16,000 basis China.
Panamax
Rates continued to slide all week with many hoping a bottom was reached, but some very low trades were still seen. The Pacific began the week actively, despite limited mineral volume, but slowed significantly towards the weekend, with early tonnage building. Most concluded fixtures for short Indonesian trips to get over the Chinese New Year or repositioning cargoes.
The index slumped by about $2,000 daily for round voyages in both oceans and looked set to fall further as it was a similar story in the Atlantic. More voyage fixtures were evident, with vessels agreeing Arrival Pilot Station (APS) deliveries to find cover due to a lack of fresh enquiry, with ballasters adding unwelcome competition. The preceding week saw Kamsar to San Cirpian fixed at $8.25 and $7.50 per metric tonne, but last week it traded at $6.00. Period interest dried up, with heavy falls in the FFA market. However, there were still a couple of fixtures with discounted initial periods.
Supramax
It was another poor week for the Baltic Supramax Index (BSI), as it again lost over 10%. Unsurprisingly, period trading was limited but a 63,000 tonner was reported fixed for five to seven months in the high $11,000s delivery Kwangyang. With large amounts of prompt tonnage, and limited enquiry in the Atlantic, rates dropped. From East Coast South America, Ultramaxes faced rates in the low- mid $11,000s plus low-mid $100,000 ballast bonus for trips east. For the transatlantic runs, an Ultramax was rumoured fixed in the mid low $9,00s. Similarly, the US Gulf remained depressed and from the Continent an Ultramax was fixed from Liverpool to Bangladesh at $14,000. Vessels in Asia gave APS delivery from Indonesia for coal runs. Nickel ore runs saw a 56,000dwt vessel, delivery Philippines, fixed for a trip to China at $6,000. With the upcoming New Year celebrations in China there was potential cause for concern.
Handysize
The pressure from long tonnage lists in the key areas in February remained and increased the uncertainty of a recovery. When the Baltic Handysize Index (BHSI) last recorded at 400 level, the rate was higher on the US Gulf route, but lower on the East Coast South America route.
A 39,000 tonner was fixed from the Continent to the US East Coast at low-mid $8,000s and a Handysize vessel open in Southwest Pass was linked to a trip to the UAE at $7,250. From East Coast South America, rates fell again with a trip to West Coast South America paying mid $11,000s on a large Handysize ship. A 36,000 tonner fixed at $8,000 daily from Recalada for a trip to Kaliningrad, while a 33,000dwt vessel fixed at a similar rate from the same area to India with delivery Durban. In the East, a 33,000 tonner was booked to move salt from Australia to China at $5,000 daily, basis Singapore delivery. Another similar-sized vessel was fixed at $9,000 from West Australia to Indonesia with gypsum.
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Wednesday, 06 February 19
FEBRUARY 2019 INDONESIA'S COAL REFERENCE PRICE FELL 8.83 PERCENT YOY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Wednesday, 06 February 19
THE BDI HAS EASED BACK TO 645 BP, ITS LOWEST LEVEL SINCE AUGUST 2016 - ALLIED
The dry bulk sector is in the doldrums, with most market participants seemingly left utterly perplexed, and simultaneously, in pursuit of any posit ...
Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Cany ...
Friday, 01 February 19
ULTRAMAX WAS FIXED DELIVERY KALIMANTAN, FOR TRIP TO WEST COAST INDIA AT $7,000 - BALTIC BRIEFING
Capesize
The Vale dam tragedy sparked a sharp fall in rates across all regions even where tonnage remained tight. The potential loss of product ...
Friday, 01 February 19
SEMBCORP SELECTS NORDEN FOR LONG-TERM INDIAN CONTRACT
NORDEN A/S has signed a 10-year Panamax Contract of Affreightment (COA) with Indian utility firm Sembcorp Energy India Ltd.
From 1 A ...
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- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
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