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Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
.jpg) Capesize
The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific market largely softened on the back of an inactive West Australian market. Charterers were usually able to achieve lower than last done, albeit with minimal trade volumes heard. Several trades on Asian vessels for Brazil rounds were heard at healthy levels, which highlighted the options owners now have to choose from. Further west, Brazil to China voyage rates initially maintained their level before being seen to soften towards the end of the week. The North Atlantic was an animal of its own, as consecutively higher fronthaul fixtures were heard throughout the week. Many of these stemmed from the Black Sea, which, while at a higher headline rate, were largely viewed lower on the case of being a shorter duration back to the East. The C5TC opened the week at $17,947 to close Friday at $19,360. The West Australian C5 market opened the week at $7.45 to close the week out at $7.205.
Panamax
It was a strong week in the Atlantic with sources commenting they had rarely seen so few available ships on early positions. The index increased over $2,500 during the week for transatlantic rounds, with a modern Kamsarmax agreeing $12,500 for a round, admittedly from a good delivery in Aughinish, via the US East Coast to Jorf Lasfar. Fronthaul rates also increased by over $1,500 on the week before, with a modern Kamsarmax fixed at $19,000 delivery Gibraltar for a long trip via the US Gulf and the Cape of Good Hope to the East. Several vessels were also fixed basis delivery dropping outward pilot station (DOP) India for trips via South America, again, with a Panamax/Kamsarmax fixed at $12,000/$13,000 respectively. There was less excitement in the East, but rates also rose with the improved market sentiment. A newbuilding Kamsarmax ex-yard was reported fixed for one year at $12,250. The same charterer was later linked to another modern Kamsarmax in direct continuation at $12,200.
Supramax/Ultramax
Positive sentiment remained across all areas as the week ended. On the period front, brokers said that a few Ultramaxes were fixed at $11,000 for four to six months Atlantic trading. The Atlantic saw gains and stronger numbers being discussed. From the East Mediterranean, a 63,000dwt vessel fixed at $19,000 with redelivery Indian Ocean. There were better levels from the US Gulf, with a 58,000dwt ship fixing for a trip to Japan at $19,000. East Coast South America was also strengthening, with Ultramaxes seeing in the $14,000s, plus $400,000s ballast bonus, for trips to Singapore-Japan. The Asian basin also gained momentum. For North Pacific round voyages, 60,000dwt vessels were seeing in the mid $8,000s. From Southeast Asia more coal was entering the market. A 56,000-tonner open Hong Kong fixed a trip via Indonesia, redelivery North China, at $8,500. Activity remained from the Indian Ocean, a 52,000dwt ship covering basis delivery for a Cape Town trip, via Saldanha Bay, to Singapore-Japan at $12,250 plus $225,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) was largely flat this week with gains mainly from the Atlantic basin. More period fixtures were reported, with two 39,000dwt ships reportedly fixing at $11,000 basis delivery Tampico and Świnoujście respectively and both redelivery within the Atlantic. A 36,000-tonner open New Orleans in early July was fixed for three to five months at $11,000, also with Atlantic redelivery. From East Coast South America, a 28,000-dwt was fixed for a trip to North Coast South America at $8,500. A large Handysize vessel, open Immingham, was fixed to the US Gulf at $8,500 for the first 40 days and $10,500 thereafter. In the East, rates were stable but not showing any further sign of improvement. A 38,000dwt ship, open spot in Hong Kong, was fixed at $9,000 basis passing Singapore for loading salt via West Australia to Japan. A 32,000dwt ship, open Portland, was booked to run via New Zealand to West Coast India at $8,000 plus a ballast bonus of $13,500.
Source: The Baltic Briefing
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- The University of Queensland
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- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
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- Petrochimia International Co. Ltd.- Taiwan
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- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
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- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Planning Commission, India
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- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
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- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
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- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Tamil Nadu electricity Board
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- McConnell Dowell - Australia
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- The State Trading Corporation of India Ltd
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- SMC Global Power, Philippines
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- Romanian Commodities Exchange
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- Mercator Lines Limited - India
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- Toyota Tsusho Corporation, Japan
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- Metalloyd Limited - United Kingdom
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- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
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- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
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- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
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- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
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- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
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- India Bulls Power Limited - India
- White Energy Company Limited
- Wilmar Investment Holdings
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- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
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- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
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