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Saturday, 15 February 20
AFRAMAX: A MORE POSITIVE ATTITUDE EXISTED IN THIS SECTOR WITH RATES IMPROVING ON ALL ROUTES - BALTIC BRIEFING
VLCC
The market in the Middle East was unmoved this week, with Chinese refiners continuing to slow imports, allied with the impact of the Coronavirus and the return of the previously sanctioned Cosco tonnage. The list subsequently swelled, allowing the few active charterers to reign in owners’ expectations. Rates for 270,000mt to China bounced around the WS 40 level, while the 280,000mt market to US Gulf, via the Cape/Cape routing remained flat, at WS 30. In the western hemisphere, rates for 260,000mt West Africa to China were stuck in the mid WS 40s and in the 270,000mt, USG/China trade rates improved $150k to $6.6m, primarily on the back of another relatively active week.
Suezmax
Rates for 130,000mt West Africa/UK-Continent followed the VLCC example, remaining unmoved and in the high WS 80s for most of the week. However, at the time of writing, charterers appear to have convinced owners to fall through the WS 80 barrier, with WS 78.75 being reported on a trader’s relet to Petroineos. Rates for 135,000mt Black Sea/Mediterranean remained static, at low-to-mid WS 90s. Meanwhile, thanks to a well populated tonnage list, rates for the 140,000mt Basrah/Mediterranean route hovered around WS 40, even though a Basrah/Greece cargo reportedly covered at the equivalent of WS35.
Aframax
A more positive attitude existed in this sector with rates improving on all routes. 80,000mt Ceyhan/Mediterranean is worth WS85, 16% more than a week ago. The Northern European voyages of 80,000mt Cross-North Sea gained 37 points to WS132.5 whilst 100,000mt Baltic/UKC rose 28 points to WS 115 level. Across the Atlantic, 70,000mt Carib/USG voyages are rated up another 25 points at low WS 180s and another very busy 70,000mt USG/ Mediterranean market saw rates climb a further 10 points to WS 170.
Clean
It was another uneventful week for owners with the market in the Middle East Gulf/Japan trade for 75,000mt steady in very low WS80s. In the 55,000mt size the market settled at around WS92.5. In the 37,000mt UKC to USAC trade, rates initially dipped down to WS150 and there was enquiry in to West Africa paying WS185 region, leaving the transatlantic market in the low/mid WS150s. Total are said to have a ship on subjects ex ARA at WS150, but this is with palm oil background. In the 38,000mt backhaul trade from US Gulf to UKC, rates stabilised and sit now at WS87.5/90 region. The 30,000mt clean cross-Med market saw rates dip down to mid WS170s before recovering to WS197.5 level and Black Sea pays WS210.
Source: The Baltic Briefing
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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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- Interocean Group of Companies - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
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