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Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
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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Sunday, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
Capesize
The story over the past week has been largely Atlantic dominated as the basin’s uniquely volatile characteristics came into play ...
Saturday, 22 June 19
OPEC'S BATTLE FOR CONTROL OF THE OIL MARKET - WOOD MACKENZIE
Oil supply is confounding expectations. We have just raised our forecasts for non-OPEC production, the latest in a series of incremental increases. ...
Friday, 21 June 19
INDONESIA'S BAYAN RESOURCES SIGNED A COAL SUPPLY AGREEMENT WITH THE BANGLADESH BCPCL TO SUPPLY 23 MILLION TONS OF COAL FOR 10 YEARS
On Monday, 17th June 2019, PT. Bayan Resources signed a Coal supply Agreement with the Bangladesh- China Power Company (Pvt.) Limited. BCPCL is a j ...
Thursday, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million to ...
Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates
Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...
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- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Lanco Infratech Ltd - India
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