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Sunday, 15 September 19
SUPRAMAX / ULTRAMAX: MORE STEMS WERE NOTICED GOING TO VIETNAM FROM INDONESIA - BALTIC BRIEFING
Capesize
Overall it was a negative week for the Capesize market, with many routes losing ground. A limited amount of time charter appeared, with most activity seemingly centred on voyage basis. However, a 176,000dwt vessel was rumored fixed delivery China, mid-September, for a west Australian round at $30,000, The Baltic Briefing reported in its latest report.
According to The Baltic Briefing, the highlight of the week was on the C5 route, which initially lost ground, before bouncing back to around the $11.00 mark as the week closed, with talk of BHP fixing this level. For the C3 route, limited fresh information surfaced. However, the Newcastlemax, ‘Stamatis’, was linked to 190,000/10 iron ore, for early October dates at around $25.25- $25.50 level. For trans-Atlantic runs, a 182,000dwt ship was reported fixed for 160,000/10 coal, from Puerto Bolivar to Rotterdam for end September/early October dates, at $14.10, with an Iskenderun option at $15.30. Elsewhere, 130,000/10 iron ore, from Saldanha Bay to Hamburg, basis 1/10 October dates, was covered in the mid-low $13.00s.
Panamax
Commenting on Panamax The Baltic Briefing said, another week without fireworks. The market drifted lower again, with only the Atlantic index returning to positive territory at the end of the week, mainly due to an increase in shorter Baltic trades and a tightening of tonnage on the North Continent. A modern Kamsarmax fixed at $25,000 from the Continent to Italy, redelivery Gibraltar. The Pacific round rate dropped over $1,250, the most during the week, with the paper market affecting sentiment, several vessels being reported as failed, and holidays in Asia at the end of the week. The futures market did recover towards the end of the week, but physical trade volumes had already dwindled by then. South America was not as active as usual, however, brokers felt levels were holding up quite well, especially for the better described units. Understandably there was little period market news again.
Supramax/Ultramax
The Baltic Briefing noted, the Baltic Supramax Index (BSI) had a weaker start to the week and the softening trend continued. The US Gulf remained relatively slow, but the rates stayed firm.
Brokers reported no signs of recovery from East Coast South America and pressure remained on the tonnage open in Far East. A 64,000dwt vessel open early October in China was fixed on subjects for two years, with worldwide redelivery, at $12,250. From East Coast South America, a 55,000-tonner was fixed to Algeria with grains at $24,000. From the Mediterranean, a 56,000dwt ship, open Canakkale, achieved $13,500 for a trip to the US Gulf. A 61,000dwt vessel, open in the Gulf, according to The Baltic Briefing, was fixed to China at $31,000, possibly with concentrates. More stems were noticed going to Vietnam from Indonesia, with a 56,000dwt ship, open South China, and a similar-sized vessel open Thailand, both fixing in the mid $12,000s. North Pacific fixtures were reportedly failed on an Ultramax new building at $14,000 and concluded in the $10,000s for a Dolphin 57 type, open North China, with redelivery in the Singapore-Japan range.
Handysize
The Baltic Handysize Index (BHSI) recorded the highest point since January 2014 at 692. However, the trend was paused on Thursday, declining a point. Like the Supras, rates from the Mediterranean/Continent region and East Coast South America softened. The Pacific remained slow throughout the week. On the period front, a 34,000 dwt grabber, open Malaysia, was fixed for about seven to ten months in the mid $10,000s. A 28,000dwt ship, open in the Spanish Mediterranean, was fixed for a short period trading at a rate close to $11,000 with redelivery in the Atlantic. A 32,000 dwt vessel was fixed from Milos for a trip to the Continent at $10,000, while a 35,000 dwt ship was fixed for a trip from Santos to Brake at $18,250. In the East, a larger 44,000 dwt ship was booked for a trip via Indonesia to CJK at $16,000 basis Singapore delivery.
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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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- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Planning Commission, India
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
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