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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
.jpg) Capesize
The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with recent global events to stifle demand. Brazil iron ore flows, hit by recent poor weather, have left the spot cargo market barren. Appallingly low Brazil to China cargo levels were heard in the market on Friday, causing C3 to mark down to $13.575, a drop of $1.49 for the week. In the Pacific, the arrival of tropical cyclone Damien put an anchor on activity out of West Australia, with Dampier needing to close at the end of the week. Bunkers gave some reprieve throughout the week to owner’s earnings, while coronavirus remains the wild card many are unsure how to anticipate. Freight levels are firmly at the bottom of the market. Scrubber-fitted vessels continue to command a healthy premium on cheaper high-sulphur fuel, but a lack of cargo options will be a concern for all owners.
Panamax
An eventful week finished with a contemplative outlook in the market. It began slowly, with a mid-week push particularly from East Coast South America. Elsewhere in the Atlantic the sheer numbers of early tonnage were counterbalancing the limited fresh demand on offer, with many operator ships performing own business. In Asia, the North held firm for much of it, as some positional tightness on a few requirements kept rates at a steady level. Further south, insufficient demand resulted in reduced levels for the shorter duration trips, as tonnage count increased here. Varying rates concluded, including an 82,000dwt ship agreeing $13,500 plus $350,000 ballast bonus for a trip from East Coast South America to the Far East. Another 82,000dwt ship achieved $11,800 plus $180,000 ballast bonus for a similar trip. Meanwhile, in Asia, an 82,000dwt ship agreed $2,500 for a West Australia to China run. A nicely described 84,000dwt ship fixed at $6,000 for a West Australia to Japan coal trip.
Supramax/Ultramax
It was another poor week, with many areas suffering a lack of enquiry and an oversupply of tonnage. Period activity was limited, but a 61,000dwt ship was reported fixed basis delivery Muscat at $7,600 for the first 30 days and $11,000 for balance up to one-year trading. From the Atlantic the only resistance came from owner’s reluctance to send their vessels to the Asian basin. From the US Gulf a 60,000dwt ship fixed in the low $20,000s for a trip to Japan. In contrast from business which kept vessels in the Atlantic, a 55,000dwt ship fixed from the US Gulf for a trip to Turkey in the low $9,000s. The Asian arena struggled, a 50,000dwt ship fixing a coal run from East Kalimantan to India at $2,000. For Pacific round business, a 63,500dwt vessel was reported fixed basis delivery Busan trip via the North Pacific, redelivery Philippines, in the mid $5,000s. Likewise the Indian Ocean suffered, a 57,000dwt ship being rumoured on subjects for a trip delivery Richards Bay, redelivery West Coast India, at $6,000 plus $50,000 ballast bonus.
Handysize
Overall the market was still weak and quiet in both basins, limited activity circulated. Approaching the end of the week, slightly more cargoes were seen in the US Gulf and the rates improved on the larger-sized. A 28,000dwt vessel was fixed from Southwest Pass for a grain trip to Morocco at $6,500, while a 39,000dwt ship was fixed for coal to the US East Coast in the $9,000s basis North Coast South America delivery in early part of the week. In the Continent, a 34,000dwt ship was fixed for moving scrap cargo to the Black Sea at $7,500, whilst from East Coast South America, a 35,000dwt ship was booked for a trip to the Baltic at a similar rate. More spot tonnage continued building up. There was no sign of improvement in the Pacific, with coronavirus situation ongoing.
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
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