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Saturday, 21 December 19
SUPRAMAX: A 63,000 DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
.jpg) Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing IMO bunker costs. A week out from Christmas there was a definite holiday feel, with some traders already absent. Opening Monday, trade was sparse in both Basins, but by mid-week there was signs the Atlantic had bottomed out and improved sentiment was found. The Pacific continued its rout, with the C10 opening the week at $17,000 to close at around $11,200. The two Basins are once again diverging with each other, with the Atlantic C8 at $17,300. Throughout the week the West Australia C5 was volatile, but as the week closed more activity was rumoured and settled at $7.20. The Brazil to China C3 closed in the upper $18.00’s. The C5TC settled at $14,451 on Friday, with two days left to price for the year.
Panamax
Negative values spread across most areas of the market this week, with the Pacific witnessing the biggest losses. In the Atlantic, cargo demand from the South Atlantic weakened a little, but steady enquiry was seen further north. For transatlantic trips from the US Gulf at start of the week we saw a 75,000dwt ship achieving $13,400 plus $340,000 ballast bonus. By the end of the week, an 81,000dwt ship was fixing $12,500 plus $250,000 ballast bonus, both delivery Arrival Pilot Station (APS) US Gulf, with redelivery Skaw-Gibraltar range. From East Coast South America, highest fixed was $15,000 plus $500,000 ballast bonus on an 81,000dwt ship for a trip to the Far East, with the low a 75,000dwt ship achieving $13,600 plus $360,000 ballast bonus. In Asia a big sell off in rates as the week progressed. The highlight at the start of the week was an 81,000dwt vessel agreeing $11,000 for an Australian round trip. However, by Friday a 79,000dwt vessel had conceded $6,250 for a trip via Australia to India.
Supramax/Ultramax
With the long holidays ahead, the market ends on a quiet note, with the Baltic Supramax Index (BSI) having lost ground. Period activity surfaced mid-week, with a 61,000dwt ship, open US East Coast, fixing short period Atlantic trading in the low $13,000’s. The Atlantic softened as owners sort cover over the holiday period. From the US Gulf, 55,000dwt ships saw around $16,000 for transatlantic runs. The South Atlantic closed on a subdued note, although some said there was still demand for trips to the Far East. There was limited information from the Mediterranean, but a 56,000dwt vessel was fixed from Turkey to Spain in the upper $8,000s. As the week closed, tonnage lists in Asia increased, with a lack of fresh enquiry. A 63,000dwt vessel, open Cigading, fixed a trip via Indonesia, redelivery West Coast India, at $8,500. Further north, a 61,000dwt vessel, open South Korea, was fixed for a North Pacific round, redelivery Southeast Asia, at $8,000.
Handysize
Activity started slowing down with year-end holidays fast approaching. Overall the indices slipped in both the Atlantic and Pacific, with the Baltic Handysize Index (BHSI) going back to the 500 point level. Early in the week a 32,000dwt ship open in Singapore was fixed for a trip to South China at high $6,000s. A 39,000dwt vessel open in Southeast Asia was booked for a trip to West Coast North America at $5,000 for the first 55 days and $10,500 for the balance period. From the Atlantic, a 32,000-tonner was fixed from the Black Sea for a grain trip to Huelva at $8,250. A 31,000dwt vessel open spot in East Mediterranean was fixed for a steel trip to East Coast South America at $8,000. A similar sized vessel was fixed from the Continent to Portugal at $11,000.
Source: The Baltic Briefing
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Thursday, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices hi ...
Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
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- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
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- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
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- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
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- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Planning Commission, India
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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