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Monday, 27 April 20
A 58,000DWT VESSEL WAS FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY WC INDIA, AT $4,500 - BALTIC BRIEFING
Capesize
The tide turned this week for the Capesize market, as voyage rates registered dramatically falling fuel costs. This was led primarily by weakness in the energy market, as the global supply of oil continues to mount. US suppliers are finding storage levels are brimming, while being reluctant to turn off the taps. The Capesize 5TC peaked early in the week at $10,081, before gains were gradually eroded down to $8,381 by Friday. Fixture activity was relatively strong throughout the week, with a flurry of cargoes fixing out of Brazil to China across a wide range of dates. West Africa and Eastern Canada to China were also notable on fronthaul activity. The Brazil to China C3, while active, shed over $1.60 to settle down at $10.505. The Pacific had a reasonable flow of trade before petering out on Friday. The West Australia to China C5 settled Friday at $4.073, down -$0.84. Along with the oil, Brazilian iron ore forecasts for the 2020 year were revised down by Vale this week. Cashflow troubles were heard out of a Steel maker in India, as Covid-19 continues to wreak havoc on the world markets.
Panamax
The Panamax market had a real directional shift this week, with the Baltic Panamax Index (BPI) veering negative for the first time in over two weeks. East Coast South America grain activity, so often the market driver, has come under pressure this week, with a vast amount of ballasters from Asia compounding the issue. With varying rates being fixed, the mean rate averaging out was at around $8,750 for 82,000dwt, basis delivery Singapore. Elsewhere in the Atlantic, trans-Atlantic demand has failed to deliver again despite some increased activity from North Coast South America. In Asia further falls were witnessed, and despite cargo volume remaining steady week on week, the tonnage count began to build. This counter balanced charterer’s standpoint, and consequently lower bids, with $6,500 being agreed on an 80,000dwt ship for a North Pacific round. Some period deals were agreed. An 82,000dwt ship agreeing to $6,100 for the first 55 days, $9,835 thereafter, for seven to nine months. An 81,000dwt vessel achieved $10,000 for 12 months earlier in the week.
Supramax/Ultramax
As the week ended, there was a change in direction from some areas, with vessels in Southeast Asia seeing rates from where they are open rather than absorbing ballast time. Other areas remain finely balanced, but some brokers saw more enquiry from East Coast South America. However, this has yet to be seen on rate values. There was limited activity on the period front. A 58,000dwt vessel open Nantong fixing in the mid $3,000s for the first 30 days, with $7,750 for balance of period up to five months. From the Atlantic, a 63,000dwt ship was fixed for a trip delivery US Gulf, redelivery China, at $13,000. From East Coast South America a 58,000dwt ship fixed a trip to Algeria in the low-mid $6,000s. From Asia, a 58,000dwt vessel was fixed delivery Singapore trip via Indonesia, redelivery West Coast India, at $4,500. From the Indian Ocean, a 53,000dwt vessel fixed for a trip East Coast India, redelivery China, at $5,000 for the first 35 days then balance $7,500.
Handysize
The same trend continued from last week, with limited activity reported from either Basin. There was a minimal gap reported among the four Atlantic and three Pacific routes. From Upriver region, Handysize vessels were competing with bigger sizes as the draft further dropped. East Coast South America coastal trips were reported at the level of $3,000 to $4,000. Inter-Mediterranean trips were at rates in the mid $4,000s. For a mid-large sized delivery in the Black Sea, a trip to the US Gulf paid in the range of $4,000 to $5,000 and slightly higher level for redelivery in the Continent. Otherwise little was reported from the Pacific.
Source: The Baltic Briefing
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Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY 8% IN Q1 2020 RELATIVE TO Q1 2019 - IEA
We expect global coal demand to fall by 8% in Q1 2020 relative to Q1 2019. This significant drop was driven by lower demand in the electricity sect ...
Friday, 01 May 20
LUKOIL SHARES LUBRICANT EXPERIENCE AFTER FIRST 100 DAYS OF OPERATION ON VLSFO
KNOWLEDGE TO ELEVATE
After 100 days of VLSFO operation, LUKOIL Marine Lubricants is sharing recent experience on VLSFO operation with NAVIGO M ...
Wednesday, 29 April 20
OIL CLOSES IN ON PEAK OVERSUPPLY - WOOD MACKENZIE
Are we now deep in the abyss? Up to our necks in it, if the oil price is any guide. Brent has now tested sub-US$20/bbl in this downturn and WTI sub ...
Monday, 27 April 20
INCIDENT INVESTIGATION: SEARCH FOR THE CAUSE, NOT THE VILLAIN - GARD
Incident investigations often conclude with placing the blame for an incident on the crew. Causes of the incidents are usually identified as proced ...
Sunday, 26 April 20
STRONGER BUNKER PRICES FAIL TO RALLY FREIGHT MARKET - FIS
VLSFO bunker prices rebounded by $22.50 to $229/mt in the port of Singapore but failed to turn around the spot freight market.
Some ...
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- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Planning Commission, India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
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