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Thursday, 29 September 16
FREIGHT RATES MIGHT CONTINUE TO SLIDE NEXT WEEK DUE TO HOLIDAYS IN CHINA
Supramax
Flat start to week followed by a slight gain in rates for Supramaxes, says Fearnleys in its latest weekly report.
According to Fearnleys, an Oslo based shipbroker continent is encountering weak tonnage supply. Supramxs are seeing around $11,000 for Baltic to India and around $6000 to US Gulf. A 56,000-tonner has seen around $8,000 from the east Mediterranean to the US Gulf-Caribbean. In the Pacific Supramaxes are fixing trips with delivery Singapore via Indonesia to China for around mid USD 7k. While trips from N. China to SE Asia is paying somewhere in the low USD 6’ks and market is softening as owners are keen on fixing their ships before Chinese Holidays in October. For Ultramaxes Nopac RV is in the region of USD 7k, while the short period market in the same area is a few hundred dollars above RV levels.
Panamax
Fearnleys says, a good start to the week with Cape splits continuing to assist rates in both hemispheres. TA's are fixing excess USD 5,600 on time charter trips, however the voyage rates are lagging and paying much less. Mid week it seems to be cooling off with chrteres holding back. In the Pacific we see a pretty stable market hovering around mid USD 6k for the rounds and 7k was done for a NoPac round. Chinese holidays approaching and it seems some owners wants to fix now and not wait till next week. The ECSA front hauls were done well above USD 8,300 + 330k early week while mid week gradually falling to about USD 8k + USD 300k. The period short/medium market periods at around USD mid 6 to low 7k, however interest gradually falling.
Capesize
Another volatile week in the Capesize market. According to broker Fearnleys, the freight rates on WC Aussie/China route have gone from the mid USD 6 pmt to high USD 5 pmt level. The activity from west Aussie have been limited and it seems to be the main reason for the decrease in rates.
Brazil/China have moved from high USD 12 pmt to around USD 12 pmt mark - also on this route the activity have been limited. The average cape rates on TC have gone from around USD 15,000 down to USD 13,000 level.
The next week is expected to be quiet as China is off on holidays and freight rates might continue to slide. However it is still careful optimism in the market for the next month or two Fearnleys concluded.
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Wednesday, 12 October 16
MARKET INSIGHT - LINOS KOGEVINAS
Another Monday has gone by, bringing with it further turbulence for oil. A series of meetings between high-production nations Russia & Saudi Ar ...
Wednesday, 12 October 16
INDIAN STEELMAKERS' DELEVERAGING AT RISK ON COKING COAL PRICE JUMP - FITCH
The sharp increase in coking coal prices since August 2016 could squeeze Indian steelmakers' profitability and threaten their deleveraging, Fit ...
Wednesday, 12 October 16
UK SEABORNE COAL IMPORT PLUNGES 64% AS A WORRYING TREND LURKS - BIMCO
The main exporters of thermal coal for coal- fired power plants to the United Kingdom (UK) have experienced a heavy decline in seaborne cargo volum ...
Monday, 10 October 16
INDONESIAN COAL PRICE REFERENCE HITS HIGHEST LEVELS SINCE SEPTEMBER 2014
COALspot.com: The Indonesia coal benchmark price hits to its highest level since September 2014. The government declared benchmark prices for Indon ...
Monday, 10 October 16
THE FREIGHT MARKET FIRMS UP ON STRONG CAPE PERFORMANCE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose again and ending in a positive note this past week. ...
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- Commonwealth Bank - Australia
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- Planning Commission, India
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- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
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- Singapore Mercantile Exchange
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- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
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- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
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- Bangladesh Power Developement Board
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- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
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- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
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- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
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- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
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- Petron Corporation, Philippines
- White Energy Company Limited
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
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- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- Ministry of Transport, Egypt
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- GN Power Mariveles Coal Plant, Philippines
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- Sinarmas Energy and Mining - Indonesia
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- New Zealand Coal & Carbon
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- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
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- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
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- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
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- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Minerals Council of Australia
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- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
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