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Saturday, 04 January 20
SUPRAMAX: A 53,000DWT VESSEL FIXING DELIVERY INDONESIA TRIP TO CHINA AT $4,000 AND A 58,000DWT SHIP FIXING DELIVERY EAST KALIMANTAN TRIP TO THAILAND AT $5,500 - BALTIC BRIEFING
Capesize
The New Year started with an erosion on pre-Christmas rates as the higher low sulphur fuel costs due to IMO 2020 affected levels. From Brazil the route is now assessed at close to $18.50, whilst from West Australia, several vessels were fixed at various levels which eventually settled at over 50 cents less to just under $7. With vessels having differing bunkering strategies, it will be a few days for TC levels to become more visible, but they too lost value. A Pacific round voyage at week’s end was assessed at $6,200 and the 5TC average at $10,825 which, on 24 December 2019, were at $11,525 and $14,337 respectively. There was talk of a vessel fixing for Bolivar/Rotterdam plus an option for Turkey loading end January, but full details have not been disclosed. Some are suggesting tonnage availability might be tightening there.
Panamax
As the new calendar year begun and bunker fuel legislation came into effect, rates remained severely under pressure in most areas. The new larger 82,500dwt vessel is now the benchmark BPI vessel. With talk of an ever-growing tonnage list in the Pacific, charterers are now generally bidding tonnage basis delivery Arrival Pilot Station (APS), plus a ballast bonus as opposed to Dropping Outward Pilot (DOP). Consequently, owners are now faced with difficult decisions to make. In the Atlantic a couple of 82,000dwt vessels achieved $14,250 plus $425,000 ballast bonus basis delivery East Coast South America for grain trips to Southeast Asia, with the low being an 81,000dwt ship agreeing $13,000 plus $315,000 ballast bonus for a similar trip. Earlier in the week a 75,000dwt vessel achieved $13,000 for a Baltic round trip back to the continent. In Asia, an 81,000dwt ship agreed $7,000 for a North Pacific round trip basis Korea delivery. There were also reports of an 81,000dwt ship delivery Taiwan fixing $3,500 for a trip via Indonesia to India.
Supramax/Ultramax
Week one of the decade started very negatively with all routes losing ground. This was due to long tonnage lists and a lack of fresh enquiry, coupled with the new era of the IMO 2020 regulations coming into force. Limited period activity surfaced, but a 58,700dwt ship open China fixed for four to six months trading at $5,500 for first 30 days and $9,200 thereafter. With the widespread Christmas holidays, the Atlantic basin saw little fresh information. A 61,000dwt vessel was reported fixed delivery for an East Coast South America trip to Japan at around $13,300 plus $330,000 ballast bonus. From the Mediterranean, a 55,000dwt ship fixed delivery Iskenderun trip to West Africa at $8,000. The Asian basin was also under pressure. A 53,000dwt vessel fixing delivery Indonesia trip to China at $4,000 and a 58,000dwt ship fixing delivery East Kalimantan trip to Thailand at $5,500. An Ultramax was rumoured to have fixed a North Pacific business delivery Japan, redelivery East Coast India-Bangladesh in the low $8,000s.
Handysize
A slow start to the year with limited fresh activity and tonnage availability piling up, brokers said. With the benchmark vessel changed to the larger 38,000dwt, the BHSI opened at 465 and closed the week down 13 points at 452. As ever with various holidays and skeleton staffing there has been limited fresh information. From the Atlantic, a 32,000dwt ship was fixed basis delivery Canakkale via the Black Sea, redelivery Mediterranean with grains, in the mid $4,000s. From the Asian basin, a 38,000dwt vessel was linked to a trip delivery Taiwan via Australia redelivery Far East at $7,750. A 43,000dwt ship was fixed delivery North China for a trip via West Coast Central – West Coast South America, redelivery Korea-Japan range, at around $8,000. All eyes on the next few days to see if the downward movement will continue.
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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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- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- The University of Queensland
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- White Energy Company Limited
- PTC India Limited - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
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