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Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
.jpg) Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chinese New Year it became quickly evident positions had been managed the week before leaving only minimal loose ends to be tied up. Activity levels were never going to be anywhere near enough to counter an over-tonnaged Asia region. The Atlantic fared the worst of the two basins, dropping from $14,440 to $8,475 as what few vessels available were more than enough for the minimal cargoes available. With options dwindling, Brazil to China cargoes were seen to be fixed at bargain basement prices, as ballaster vessels looked to avoid being stranded in no-mans’ land. C3 opened the week at $17.85 to close at $15.917. Most major charterers on the West Australia to China C5 were absent this week, except for Rio Tinto, who manged to lower the last done seemingly at will. The C5 opened the week at $6.832 to close out at $6.155.
Panamax
Rates continued to slide all week with hopes of the market finding a bottom, but some very low trades were still witnessed. The Pacific began the week relatively active, but as Asian holidays approached, the market slowed significantly towards the weekend. Aside from East Coast South American trade, the Atlantic was bereft of any real vanilla transatlantic trips. Consequently, there was a distinct lack of demand and rates weakened further. On East Coast South America to Far East trades, $13,750 plus $375,000 ballast bonus was agreed a few times on nicely described 82,000dwt tonnage. An 81,000dwt vessel was fixed at $17,500 for a trip via the Baltic sea to China. On the Indonesian coal round trips this week the median rate appeared at around $4,500 plus $45,000 ballast bonus. This was on 82,000dwt tonnage, basis delivery arrival pilot station (APS) Indonesia. For longer duration trips via the North Pacific, a healthy looking $7,500 was achieved a couple of times on 82,000dwt tonnage.
Supramax/Ultramax
Despite a good level of cargo enquiry, the shear amount of prompt tonnage kept rates in check throughout the week. Chinese New Year celebrations also kept activity levels low from the Asian Basin. Limited period enquiry, but a 58,000dwt ship open East Coast United States, fixing 11-13 months trading at $11,000 was seen. A 61,000dwt ship open China achieving in the low $11,000s for similar period was also seen. In the Atlantic, a 63,000dwt vessel covered a transatlantic run from the US Gulf in the upper $14,000s. Whilst from the South Atlantic, a 56,000wt ship fixed a trip to Southeast Asia at close to $12,250 plus low $200,000s ballast bonus. The Asian Basin saw a 56,000dwt ship fixing delivery Samarinda trip to West Coast India at $4,750. From the Indian Ocean, a 63,000dwt ship covered delivery South Africa trip to Singapore-Japan range at $11,900 plus $190,000 ballast bonus. Brokers were waiting to see the direction after the widespread holidays.
Handysize
There was generally more Handysize tonnage appearing in both basins throughout the week. Together with other routes, East Coast South America also started to show weakening signs, with the Baltic Handysize Index (BHSI) remaining in negative territory. Rates from Skaw-Passero range moved sharply lower, with a small gap between East Coast South America and US Gulf redelivery. A 34,000dwt ship delivery in Turkey was fixed at $4,000 for a trip to North Coast South America/Caribbean redelivery. Another similar-sized ship was fixed from Mukran for a trip to West Africa at $8,000. Activity was limited in the Pacific, with Chinese New Year approaching. In the Indian Ocean, a 36,000dwt was fixed basis delivery Kandla 22/25 January for a trip to West Coast India at $5,250.
Source: The Baltic Briefing
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Sunday, 09 February 20
SUPRAMAX: THE ASIAN ARENA STRUGGLED, A 50,000DWT SHIP FIXING A COAL RUN FROM EAST KALIMANTAN TO INDIA AT $2,000 - THE BALTIC BRIEFING
Capesize
The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with rece ...
Friday, 07 February 20
CIL LOOKING TO TAP NON-POWER SECTORS FOR INCREMENTAL COAL, PTI REPORTED
The miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for ...
Friday, 07 February 20
VIRUS - HIT CHINA MAY NEED MORE IMPORTS OF COAL. NOW COMES THE TRICKY PART - SHIPPING IT THERE: REUTERS
China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation th ...
Friday, 07 February 20
CORONAVIRUS IMPACTING THE GLOBAL SHIPPING INDUSTRY - BIMCO
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. T ...
Thursday, 06 February 20
CAPE: WEAK SUPPLY/DEMAND RATIO THE STREETS REMAIN BLOODY FOR THE BIG SHIPS - FEARNLEYS
Cape: With still a weak supply/demand ratio the streets remain bloody for the big ships, and actual spot earnings are close to zero on main short-h ...
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- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- The University of Queensland
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
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