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Sunday, 13 October 19
INDONESIA: PANAMAX VESSELS OPEN SOUTH CHINA WERE REPORTEDLY FIXED AT $14,000 LEVEL, WITH REDELIVERY BACK IN CHINA - BALTIC BRIEFING
Capesize
The Capesize market managed to find a floor and rally a little this week after several weeks of declines. While the West Australia to China C5 route lifted early in the week, it once again topped out to soften by Friday. Opening the week at $9.168, the route lifted to $9.518, before closing at $9.227 by week-end. Out of Brazil, C3 managed to trade up from $22.018 to $27.782, mainly off the remaining October loading dates. C3 cargo liquidity into November is said to be less certain, with bids heard to be sparse. The Atlantic Basin is now pricing more in parity with the Pacific, with both managing an uptick in value this week. This improved sentiment was short-lived, as Friday posted a slight relaxing of rates in both Basins. The Capesize market opened the week at $23,675, to close on a down note on Friday at $26,382. Bunkers continues to play an unpredictable role in trading, while frequent discussions are now being heard as to when vessels will switch to low sulphur fuel for the impending IMO deadline.
Panamax
The BPI had an all positive week and broke the barrier of 1900 points by Friday, with both basins sharply improving. Rates from the Pacific moved up quickly, particularly for Australia-round voyages since midweek. For Indonesia loadings, Panamax vessels open South China were reportedly fixed at $14,000 level, with redelivery back in China. For trips from East Coast South America, more fixtures were reported later in the week, with rates based on retro sailing Singapore or India delivery. A 76,000dwt ship was fixed for a fronthaul run from East Coast South America at a rate in the mid $16,000s, plus mid $600,000 ballast bonus, and a similar size did a similar trip at $15,000 basis Indonesia delivery and Japan redelivery. The Atlantic market also climbed with some optimism as brokers reported tight tonnage lists, especially in the Continent. On the period front, a Kamsarmax was fixed in the mid $13,000s basis delivery South China for eight to eleven months and mid $14,000s basis delivery Singapore.
Supramax/Ultramax
Overall the Baltic Supramax Index (BSI) remained in positive territory. Period interest was limited, with gaps between Owners’ and Charterers’ ideas. From the Atlantic, as the week closed with stronger demand in the Kamsarmax, rates were beginning to improve for the Ultramax sizes, but limited fresh information surfaced. A 55,000dwt vessel traded at around $18,000 for a transatlantic run delivery East Coast South America. Elsewhere there was little fresh enquiry from the US Gulf, and with a steady supply of tonnage the area was finely balanced. Downward pressure was also seen from the East Mediterranean, again with a steady supply of tonnage. The Asian arena fared better, with tonnage remaining tight. A 52,000dwt ship open Villanueva fixed a trip via Indonesia to West Coast India at $14,000. From the Indian Ocean, an Ultramax covered delivery South Africa trip to Sri Lanka at $13,250 plus $325,000 ballast bonus.
Handysize
A lacklustre week for the Handysize market, with many routes losing ground. However, as the week closed some saw more positive signs. From East Coast South America, a 45,000dwt ship was linked to a transatlantic run in the mid $17,000s, and a 36,000-tonner was rumoured fixed at $20,000 for a trip to West Coast South America. From the North Coast South America, a 30,000dwt ship was reported fixed for a trip to Norway in the high $14,000s. With the holiday at the beginning of the week, the Asian arena also closed with positive signs. A 37,000dwt ship open Jakarta fixing for two to three laden legs at $10,000. Earlier in the week a Handysize open North Vietnam was fixed for a trip to China with clinker at $9,000. It remains to be seen if the positive moves continue in the coming week.
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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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- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- White Energy Company Limited
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Australian Coal Association
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
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