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Sunday, 28 July 19
ULTRAMAX - INDONESIAN COAL CARGOES SAW A 63,000DWT SHIP FIXING DELIVERY FOR A SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY CHINA, AT $11,700 - BALTIC BRIEFING
Capesize
The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The 5TC opened the week at $32,765 and closed on Friday at $27,145. It became apparent on Monday that the market was sliding. Tuesday brought about a modest decline on all routes before the storm clouds gathered. Wednesday it dropped throughout the day, with most activity centred on C3 and C5 routes. Thursday erosion continued on all routes, but by the end of the trading day a floor had been found to close the week with a small rebound. The West Australia to China rollercoaster opened the week at $10.90, rising quickly to $11.145, then plummeted to $9.336 to close out the week at $9.77. The Brazil to China C3 big dipper opened the week at $27.518, reached a low of $22.614, before closing out at $23.145. Rate levels are still considered high for recent times while the nerves of a few are surely being tested.
Panamax
There was a change in sentiment last week, with rates coming under pressure and owners struggling to maintain last done levels. It was expected after a prolonged period of gains, although whether it is a genuine change in market direction, or a short term correction, is still a matter for discussion. The fundamentals in the North Atlantic remain unchanged, so only early ships, or ballasters, seemed willing to reduce their ideas to find cover. However on Friday many marked the Index down heavily. South America was said to be very positional, with mid-August firmer than earlier or later August dates. The East witnessed a sharper correction as the recent unexpected levels had been driven by the rapidly improving Atlantic market, Cape and FFA markets, with the latter two softening this week. Period trades have also been affected by the decline in paper values, although these appeared to recover some ground by the end of the week.
Supramax/Ultramax
It was a week of mixed fortunes, with a change of direction, mainly seen in the Atlantic, from the recent increases on the Baltic Supramax Index (BSI). Limited period activity surfaced, but a 52,000dwt vessel open South China was fixed for 9-11 months trading at $9,500. Key areas such as the US Gulf and East Mediterranean saw slides in rates as fresh enquiry became scarce towards the week’s end. A 62,000-tonner was fixed from the US Gulf to the East Mediterranean at around $18,000. Brokers also reported lower activity than of late from East Coast South America. The Asian market remained active, but routes saw negative moves towards the end of the week. Indonesian coal cargoes saw a 63,000dwt ship fixing delivery for a South China trip via Indonesia, redelivery China, at $11,700. North Pacific cargoes saw a 53,200dwt vessel fixed delivery Tonda via the US West Coast, redelivery China with petcoke, at $9,350. Indian Ocean rates remained steady, a 55,000dwt vessel covering delivery South Africa, redelivery Arabian Gulf – West Coast India, at $12,750 plus $275,000 ballast bonus.
Handysize
Whilst other sectors showed declines last week, the Baltic Handysize Index (BHSI) still made gains overall, despite signs of slowing down in the US Gulf. The market calmed down across most of the key areas in the Atlantic, whilst the Pacific market remained firm and stable. A 30,000-tonner open Port Said was booked for a trip redelivery in the US Gulf at $9,000 early in the week. A 39,000dwt vessel was fixed from North Brazil for a grain run to the US Gulf/Caribbean range at $18,000. In the east, a 28,000dwt ship open Thailand was failed on subjects for moving sugar to Indonesia at $7,000 and later on was fixed again for a similar run at the same level. A 33,000-tonner open Indonesia was fixed for an Australia round voyage at $9,500 and a 38,000dwt ship open in the Philippines was fixed for Southeast Asia redelivery at $10,500.
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Friday, 07 June 19
KOEN INVITED BIDS FOR 1.87 MILLION TONS OF COAL FOR JULY - OCTOBER 2019 DELIVERY
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,700,000 to 1,870,000 Metric Tons ...
Wednesday, 05 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
The first semester of 2019 started as a fairly positive semester for the offshore sector whilst there was a recovery on crude prices, as well as a ...
Tuesday, 04 June 19
MARPOL ANNEX VI - SULPHUR CAP 2020 - DEMYSTIFYING THE FONAR - SKULD
KNOWLEDGE TO ELEVATE
Fuel Oil Non-Availability Report (FONAR) is primarily a discretionary tool for a Member State to lessen the breach of MAR ...
Monday, 03 June 19
SUPRAMAX: A 61,000 TONNER OPEN NORTH CHINA, FIXING A TRIP VIA INDONESIA, REDELIVERY SOUTHEAST ASIA AT $7,500 - BALTIC BRIEFING
Capesize
The market continued its steady ascent over the past week to improved levels. The TC average opened the previous week at $12,243 and c ...
Wednesday, 29 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
Reflecting on the first quarter of 2019, the product tanker market was healthy, with average earnings significantly up compared to the first quarte ...
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- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- White Energy Company Limited
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Australian Coal Association
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
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