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Saturday, 21 March 20
PANAMAX: 82,000DWT SHIP AGREED $4,250 FOR A COAL TRIP VIA INDONESIA REDELIVERY SOUTH CHINA - BALTIC BRIEFING
.jpg) Capesize
The Capesize market made some headway this past week despite being buffeted by the global pandemic storm. With the market in a constant state of flux on a seemingly endless news cycle, increasing restrictions and disruptions, the Cape 5TC managed a lift out of its recent range to settle the week at $4,067, a lift of +$1,270 for the week. The Atlantic Basin was the bigger mover this week, albeit with fewer fixtures, as large declines in the bunker prices lifted timecharter rates in relation to the marked voyage rates. Declines were felt later in the week with the Brazil to Qingdao C3 dropping from $10.535, to end the week at $9.970. West Australia to China C5 saw a constant flow throughout the week with rates fluctuating to close out at $4.305. Overall, sentiment seems improved, yet it’s expected there will be plenty more turmoil to endure as talk of quarantines increasing, credit lines tightening and port closures being mentioned, while governments react with stimulus injections and boarder closures. This is all churning up a strange dynamic the likes of which have never been experienced.
Panamax
A thin week of trading in the Panamax market, with distractions elsewhere focussing most people’s attention. With mid-week news breaking of port suspensions in a region of Argentina, nervousness beset the East Coast South America market, where lower fixtures than last done drove the index down. Weaker bunker prices further accentuated matters, and there became an apparent appetite for many owners to lock in for longer duration business given the increasingly bleak macro-outlook. This resulted in some discounted rates getting agreed. Rates for fronthaul trips generally hovered around the high $8,000’s to $9,000 mark for nicer described unit’s delivery Southeast Asia and India positions, whilst earlier tonnage was able to achieve closer to $13,000 plus $300,000 ballast bonus delivery Arrival Pilot Station (APS). Very few rumours from Asia, an 81,000dwt ship delivery North China fixing $6,500 for a trip to Japan with minerals, whilst an 82,000dwt ship agreed $4,250 for a coal trip via Indonesia redelivery South China.
Supramax/Ultramax
A volatile week with the spread of Covid-19. For many countries in Europe and elsewhere, the market remained erratic. Period activity was seen, with an Ultramax open North China, fixing five to eight months trading at $11,000. In the Atlantic, uncertainty remained about port activities in East Coast South America, brokers said rates suffered with a lack of fresh enquiry. Limited fresh information surfaced elsewhere, but some said that tonnage remained tight from the US Gulf. An Ultramax was rumoured fixed at around $20,000 for a trip to the East Mediterranean with petcoke. As the week progressed, the Asian Basin came under pressure, with rates slipping. A 56,000dwt ship fixing a trip from China to the Arabian Gulf in the low $3,000s. The Indian Ocean, whilst remaining active, some felt rates were also under pressure. A 60,900dwt ship fixing delivery Richards Bay trip to Vietnam at $12,000 plus $200,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) had an overall positive week, with support coming from both basins. Rates in the Continent to Mediterranean trade broadly remained firm, with some high-level fixtures reported for trips with short duration. However, the fresh orders from the area were described to be limited, with vessels building up for slightly more forward dates. A 35,000dwt ship, open Ghent, was fixed for a trip to North Brazil at $10,000 for moving fertilizers. Minimal changes in East Coast South America this week, whilst in the US Gulf, brokers saw a tight tonnage list, with rates continuously improving. In the East, short period fixtures were reported with a 34,000dwt ship, delivery Vietnam, fixed for three to five months at $5,000 for the first 45 days, and $7,000 thereafter. From the Indian Ocean, a 36,000dwt ship open Mesaieed was booked for a trip to West Coast India at $7,000.
Source: The Baltic Briefing
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Friday, 20 March 20
VOLATILITY TO INCREASE IN TANKER MARKET FOLLOWING OIL PRICE WAR - DREWRY
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of ...
Friday, 20 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 20 March 20
OIL PRICES COULD FALL BELOW ZERO: ANALYST - FOX BUSINESS
Plunging oil prices could be headed a lot lower – possibly below zero, according to one Wall Street analyst.
West Texas Interm ...
Friday, 20 March 20
84% OF FEBRUARY BUNKER SALES IN SINGAPORE ARE LOW-SULPHUR FUELS - BIMCO
Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) ...
Thursday, 19 March 20
A CRUDE TSUNAMI: UP TO 3 MILLION BPD OF EXTRA OIL CAN HIT THE MARKET FROM APRIL, MORE COMING IN MAY - RYSTAD ENERGY
The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates. Two million bpd ...
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- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
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