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Sunday, 09 June 19
SUPRAMAX: ASIA LOST GROUND; THE INDIAN OCEAN SAW SLOWER ACTIVITY - BALTIC BRIEFING
.jpg) Capesize
The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breaking with the recent boom bust volatility. Owners appear to be less inclined to overplay their hand, while taking the smaller improvements as they come, in what appears to be a sustainable market. The Cape 5TC opened the week at $12,987 and closed out Friday at $15,007. The West Australia C5 route opened the week at $7.223 to close at $7.732, with timecharter rates in the Pacific pushing up respectively, if not more so. The Atlantic, while still minimal on activity, lifted up on the C3 Brazil to China route, with a return of Vale having market requirements. Fronthaul levels lifted approximately $4,500 to close Friday at $29,227 as tonnage tightness takes its toll coming into the later stages of Q2.
Panamax
Despite being a disrupted week, with several holidays in the East, rates in the Pacific appeared to resist the negative sentiment emanating from other areas. There was a surprising volume of fixing spread across the various load areas. The North Pacific saw a steady trickle of enquiry, but minerals from Australia and Indonesia were more dominant. However, the index softened slightly throughout the week. The Atlantic began the week supported by an active North Coast South America fronthaul market, which took a good number of Atlantic delivery ships at between $19,000 and $19,500, basis Gibraltar, to the East. However, the lack of fresh transatlantic stems eventually told, with rates under a great deal of pressure at the end of the week. Talk of a Panamax concluded below $7,000 for a Baltic round. While a spot Kamsarmax in the US Gulf, waiting for two weeks for a coal cargo, did little to settle owner’s nervousness.
Supramax
It was a lacklustre week overall, with the Baltic Supramax Index (BSI) losing ground. This was not helped by the widespread holidays. Period activity was limited, but a 62,000dwt ship was fixed delivery Arabian Gulf, for three to five months trading at $12,500. The Atlantic started the week positively, however, as it progressed, a build-up of tonnage supply changed sentiment. The US Gulf lost ground, with a 56,000dwt vessel fixing for a transatlantic run to Egypt at $12,500. East Coast South America fared better, but rates started to trade sideways. A 57,000dwt ship was covered at $14,000, delivery Recalada, for a trip to the Mediterranean. From the Mediterranean, a 56,000-tonner fixed delivery Greece, with redelivery in West Africa at $9,250. Asia lost ground, with a 63,000dwt vessel, open CJK, fixing at $8,000 for an Australian round. The Indian Ocean saw slower activity than of late, a 56,000-tonner, open Mundra, fixing a trip to East Coast India-Bangladesh at $12,150.
Handysize
The Baltic Handysize Index (BHSI) continued climbing. Minor daily improvements maintained the index in the positive territory. In the Atlantic, a 34,000dwt ship was fixed from Southwest Pass to Algeria, with grains, at a rate in the low $7,000s. A 32,000dwt vessel, open spot in Algeria, was booked for moving fertilisers to South Brazil at $5,000, basis delivery Casablanca. A 35,000-tonner was linked to a trip to Otranto at $7,800, basis delivery Dneprobugsky. It was a short week in the Pacific, with public holidays in Singapore, Korea and China during midweek. Early in the week, medium to large handysize vessels were reportedly fixed for loading from Australia, at $11,000 basis Kwinana, to Indonesia, or, $8,000 basis South China to Japan. A 39,000dwt ship, open CJK, was fixed, and failed, on subjects for some business within the Pacific at $8,000, but the details were not clear. A 28,000-tonner, open Jebel Ali, was fixed for moving urea, via Ruwais, to Kosichang at $6,025.
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Wednesday, 20 November 19
FOREIGN DIRECT INVESTMENTS IN COMMERCIAL COAL MINING IN INDIA? - DIPESH DIPU
In August 2019, Government of India announced its approval for Foreign Direct Investment (FDI) for coal mining, processing and sale. Not that FDI i ...
Wednesday, 20 November 19
AUSTRALIA'S NEW HOPE POSTS 66% SURGE IN Q1 SALEABLE COAL OUTPUT - REUTERS
Australian coal producer New Hope Corp Ltd reported on Tuesday a 66% jump in saleable coal production in the first quarter, as output ramped up at ...
Wednesday, 20 November 19
THE IMO AND THE PRICE OF GAS OR THE IMPACT OF THE INTERNATIONAL MARITIME ORGANISATION'S SULPHUR 2020 LIMIT FOR MARINE FUEL OIL ON THE PRICE OF GAS - KING & SPALDING
The main bunker fuel for ships is High Sulphur Fuel Oil (HSFO, with sulphur up to 3.5% m/m (mass by mass)). This will all change on 1 January 2020 ...
Wednesday, 20 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
While the market expects the next OPEC meeting, there are still no clear signs indicating that the organization will keep supporting oil prices, wh ...
Monday, 18 November 19
CHINA RECORDS STABLE COAL PRODUCTION IN JAN-OCT: XINHUA
China’s raw coal output registered stable growth in the first 10 months, while its imports remained robust, official data showed.
...
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- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
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