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Monday, 01 June 20
SUPRAMAX: IN SOUTH EAST ASIA RATES TRADED SIDEWAYS - BALTIC BRIEFING
Capesize
A sober end to the week, with the market seemingly ready for the weekend. After a steady week of rate declines a small flurry of Atlantic business – combined with a little activity in the Pacific – managed to end the week up a tick. While a bottom may have been found, there’s no bull flags as the Capesize 5TC posted up +141 to settle at a low $3369. While most global routes – both on time-charter and voyage – varied little from opening levels at the beginning of the week, the Pacific Round C10 looks to have fared the worst dropping from $6563 to close the week at $4581. Bunker levels have once again been on a downward trajectory ending the week, although high versus low sulphur spreads are said to have widened. The Pacific C5 West Australia to China route settled the week at $4.123 – which equates to a little less than $3000 per day in earnings for a Capesize vessel – and leaves the market still trading well below operating cost levels.
Panamax
Various holidays at the start of the week failed to dampen the Panamax market, with significant gains made in index values. Transatlantic volume was thinner but positive sentiment radiated from good volumes and better rates on the fronthaul trips. South America remained the market’s driving force, with the second-half June arrival window absorbing several vessels throughout the week. Typically, some of the well described units were able to achieve in the region of $12,500+$250,000 mark arrival at South America. The P6 route gained value and was pegged well into the $9,000’s delivery Singapore by the end of the week, impacting positively on south positions in the Pacific basin. The week in Asia started slowly due to the holiday in Singapore. However, solid levels of demand from Indonesia and Australia soaked up tonnage and rates held steady throughout the week, with index tonnage yielding around the $7,250 mark.
Supramax/Ultramax
A short week with activity levels a little slower than the previous week. Period activity surfaced, which some saw as a positive move. There was a 60,000-dwt open north China fixing short period in the high $9,000s. Whilst from the Atlantic, a 58,000-dwt open Mediterranean fixed three to five months Atlantic trading at $8,500. Activity remained subdued from the US Gulf area with limited fresh enquiry. From east coast south America, tighter prompt tonnage helped rates. A 61,000 open up river Plate fixed at $11,250 – plus $125,000 ballast bonus for a trip to south east Asia. A mixed bag from the Asian arena, rates remained firm from the Indian Ocean. A 55,000-dwt fixing delivery South Africa trip Singapore-Japan at $11,500 plus $150,000 ballast bonus. In south east Asia rates traded sideways as the week ended, with a 58,000 fixed from Vietnam via Australia redelivery Singapore-Japan at $7,000. There was more activity on nickel ore business with a 57,000-dwt open CJK fixing in the mid $7,000s.
Handysize
A short week with east coast South America and the Pacific lending strong support for Handysizes. Slightly more cargoes circulated from the continent and Mediterranean, whilst owners showed some resistance towards the end of the week. Despite the US Gulf remaining weak, positive sentiment from other key regions pushed the rates higher and led the BHSI with a continued improvement. A 36,000-dwt was fixed from Liverpool for a trip to Darrow at $4,000. A 28,000-dwt open Myanmar end May was fixed at $6,750 for a trip via east coast India to China. A 39,000-dwt, meanwhile, was fixed from Esperance for a grain trip to China at $10,000. On the period front, a 33,000-dwt open in the Philippines in end June/beginning July was fixed on index-linked basis for about seven / nine months worldwide redelivery at 88 percent of BSI58 10TC.
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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Showing 1 to 5 news of total 6871 |
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- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
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