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Monday, 19 March 18
PANAMAX: DESPITE FEWER REPORTED PERIOD TRADES THIS WEEK, RATE LEVELS HAVE REMAINED SOLID - BALTIC BRIEFING
 Capesize
There were finally reports of increased Brazil activity, but still largely unconfirmed. Vale reportedly took six ships Thursday for 5 April onwards, from Tubarao to Qingdao at $14.90, with three for delivery North West Europe, and three ballasters from the East. This may provide a much-needed boost to the Atlantic market, which took a big hit on Thursday, with a cargo fixed from Ponta Da Madeira to Dunkirk West and East, at just $6.50. There were various reports suggesting the time charter equivalent, but the consensus was that it equated to under $5,000 daily.
A couple of ships were also taken from the Continent/Baltic for two to three laden legs, one 2016-built and one 2007-built, with Atlantic redelivery at rates linked to the BCI. Despite steady activity from West Australia to China, rates slipped, but, so far, were holding over $6.00. Both Rio Tinto and FMG fixed rates ranging from $6.05 to $6.15 for late March liftings. Time charter activity was limited, but sources continued to suggest that rates were around the upper $11,000 daily for BCI types, however, some were less optimistic over current rates. There has been some coal moving from East coast Australia, but, again, having little impact on rates. Despite the spot market being under pressure, period rates have been holding, with a 181,000-tonner, 2014-built, fixing from Shanghai end-March, for 12 months at $21,000 daily. A 14-year old 175,500-tonner, early April Qingdao, reportedly went for 22 to 24 months, trading at $17,250 daily.
Panamax
Despite fewer reported period trades this week, rate levels have remained solid. Charterers are still looking to take forward cover and modern Kamsarmaxes, achieving $15,000 daily, or more, for around six months employment. Transatlantic trades, in general, were steady, with premiums for INL breaching and trips into the Mediterranean. The front haul market saw an improvement, with US Gulf grains reappearing after a period of inactivity. A 2006 built Panamax fixed at $19,500 daily, delivery Cape Passero, for a trip via the US Gulf and Panama to the East. East coast South America remained active, but rate levels were date dependent. Vessels arriving 10-20 April saw better numbers than their earlier counterparts, although rates for the prompter ships were still firm. The volume of fixing in the Pacific so far this week will probably lead to a quiet slide into the weekend. However, the firm undertone remained, with a well described 77,000 deadweight, open Japan, fixing at $16,000 daily for a NoPac round voyage. There remained a shortage of early round voyage candidates, and with owners able to consider ballasting south as well, the outlook in the short term was expected to remain firm.
Supramax
It was a better week across the board, with the Atlantic seeing increased activity, and, in some areas, rates improving. Overall, there was a positive feel to the Pacific market. Period activity was seen; with a 58,000-dwt open North China, fixed for a balance of a period of about six to eight months, trading at $12,750.
Some improved levels were seen from the US Gulf, and a 53,400-dwt was booked for a front haul in the mid $20,000s. An Ultramax went at around $27,000 for a similar destination. The East Mediterranean saw strong numbers mid-week, with a 60,000-dwt fixing delivery Damietta, for a trip via the Black Sea to China at $22,000. However, towards the end of the week, some said it might be cooling off. From the Continent, scrap cargoes moved, with a 57,000-dwt fixed from Rotterdam to the East Mediterranean at $16,500. Little surfaced from East coast South America, but some said rates were slowly improving with a lack of prompt tonnage.
Again reasonable levels were seen in the Asian markets. A 58,700-dwt was fixed delivery North China for two laden legs redelivery worldwide at $12,150. Further South, a 56,800-dwt was reported covered basis delivery Singapore trip via Indonesia, redelivery China, at $14,500. A 61,000-dwt was also fixed at Singapore via Indonesia, redelivery India, at $16,000. From the Indian Ocean, a 61,000-dwt open West Coast India, was booked for a trip redelivery China in the mid-low $16,000s. A 56,100-dwt was fixed basis delivery South Africa, for a trip to Singapore-Japan at $13,000 plus $300,000 ballast bonus.
Handysize
Overall a fairly quiet week with little reported. There was minimal activity East coast South America, with easing rates for Handysize vessels. The US Gulf market again improved, but brokers suggested the gap between the owners and charterers had widened by the end of the week. The rates from the Pacific continued to climb and showed no signs of weakening.
A 30,000-dwt open Casablanca, was fixed at $12,000 for a trip to West Africa. From East coast South America, Handy vessels were booked to West coast South America at $16,000 daily, or, $10,000 daily for a coastal trip to South Brazil. In the East, a 39,000-dwt open South China, was booked for a trip via Indonesia to China at $10,750 daily. Similar rates were reported on a smaller-sized Handy vessel, open Kosichang to China, moving tapioca chips. A trip for Australia to the Far East, paid in the low $15,000s for a 38,000-dwt open close to the loading port, or mid-U$12,000 daily basis delivery, Port Kelang.
Source: Baltic Briefing
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Friday, 18 May 18
AFTER COAL, INDONESIAN GOVERNMENT PUSHES DMO ON GAS FOR ELECTRICITY
After introducing its domestic market obligation (DMO) policy for coal on March 12, the government is going forward with its plan to introduce a DM ...
Friday, 18 May 18
INDONESIA'S SAMARINDA ANCHORAGE COAL LOADING ACTIVITIES WERE RESUMED YESTERDAY AT 4PM LOCAL TIME
Samarinda Anchorage coal loading activities were resumed yesterday at 4PM local time.
Local fishermen in Samarinda Anchorage have been demonst ...
Wednesday, 16 May 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Half-way through the second quarter of the year and as the Posidonia week approaches everyone is getting ready for this unique gathering that besid ...
Thursday, 10 May 18
PRIVATE POWER PRODUCERS NEED A 'POWERFUL PUSH' - PRADEEP MITTAL
- PLF of the Private Sector in the country (Coal and Lignite based) for FY 2017-18 (till Dec 2017) is 56%.
- 51 GW of stressed assets (Thermal &a ...
Tuesday, 08 May 18
BUMA SIGNED OVER US$1 BILLION WORTH OF NEW CONTRACT WITH PT INDONESIA PRATAMA
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, has entered into mining services contracts with PT Indones ...
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Showing 1721 to 1725 news of total 6871 |
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- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- PTC India Limited - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- The University of Queensland
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
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