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Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
 Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing at -20, whilst the average of the routes settled at $3,973. With the perennial Q1 weakness, Chinese New Year, the rapidly evolving coronavirus crisis and the rains and flooding in Brazil also weighed heavily on the values. Whilst it remains difficult to delineate between macro events and sentiment, the financial markets, which are due to reopen in China on Monday, may provide much-needed clarity. The North Atlantic was purportedly devoid of any firm interest on the C7 route. Further south, Alufer were rumoured to have covered a Kamsar bauxite cargo at approximately $15.85, basis 22 to 27 February. CCL were linked as owners, however this was not corroborated. The market was quick to extrapolate an equivalent C3, absent any reported fixtures on the route. A handful of fixtures were concluded for West Australia to China on Friday, with FMG reportedly taking the Navios Ray, (179,515dwt, 2012-built) basis 14/16 February, and the Alpha Confidence (176,320dwt, 2011- built) basis 15/17 February, both at $6.10. NYK were understood to have concluded $6.15 basis a non-index laycan of 5/14 February, although no vessel was attached.
Panamax
A disrupted week in the market with holidays in the East. The Atlantic continued to labour under the weight of available tonnage and rates here fell sharply throughout the week. Asia fared little better, with limited fresh enquiry. A dearth of period-fixing in recent weeks, but reports this week of an 82,000dwt ship achieving $11,200 for 14 to 16 months trading. Out of East Coast South America to Asia, a $13,500 plus $350,000 ballast bonus was concluded on an 82,000dwt ship at start of the week, but rates for the same trip had eroded to closer to $12,500 plus $250,000 ballast bonus by the weekend. Some limited action out of the Black Sea saw a 75,000dwt ship agree $19,000 for a trip to Singapore-Japan. With Asian holidays supressing activity there little was reported. However, a 75,000dwt ship agreed $3,800 for a North Pacific round-trip, whilst from Indonesia, $1,800 was concluded on an 80,000dwt ship for a trip to East Coast India.
Supramax/Ultramax
Another poor week for the Baltic Supramax Index (BSI) closing at 524, which is down 18 points from Monday. Period activity remained slow, but a 64,000dwt Ultramax was fixed from the US Gulf for six to eight months, trading for around $13,000. The Atlantic remained uneventful, with limited fresh enquiry from East Coast South America. From the Mediterranean, the market remained positional, with better numbers being paid for fronthaul trips. Owners remain reluctant to trade vessels to China. From the Continent there was a little enquiry at the beginning of the week, with a 63,500dwt ship fixing delivery Belfast, via France, to the Egyptian Mediterranean at $9,000. The Asian arena remained in the doldrums, prompted by a considerable supply of prompt tonnage and the extended holidays. A 52,000dwt ship was fixed basis delivery South Kalimantan trip to India, at $6,000. Further north, from CIS Pacific, a 53,000dwt ship fixed delivery Nakhodkha, and redelivery Singapore-Japan, in the mid $3,000s. The Indian Ocean fared little better, with a 58,000dwt ship fixing delivery Richards Bay, trip Djibouti, at $10,000.
Handysize
It has been a continuous drop since the beginning of the year on the Baltic Handysize Index (BHSI). Having started the year at 465, it closed last week at 332. Lower rates were reported across the Atlantic in key areas showing no sign of recovery. From Skaw-Passero, a mid-sized vessel was reportedly fixed for a trip to the Mediterranean at the level of $6,000, with some waiting on the owners account. A 37,000dwt ship delivery East Coast South America, was fixed for a trip to Southeast Asia in the mid $13,000s. In the East, brokers saw tonnage sitting spot, with little cargo support, whilst some chose to ballast from Singapore to South Africa for other alternatives. Limited fixture came to light from the Pacific basin this week.
Source: The Baltic Briefing
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Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
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- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Economic Council, Georgia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
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