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Saturday, 07 July 18
SUPRAMAX: THE ASIAN MARKET STRUGGLED; A 57K-DWT WAS REPORTED FIXED BASIS DELIVERY SINGAPORE FOR A TRIP VIA INDONESIA REDELIVERY INDIA AT $12K
.jpg) Capesize
A punchy week for the big ships that saw Atlantic rates soar, with the tonnage list tight prompting charterers to split cargoes, though, mostly unsuccessfully says Baltic Briefing in its latest weekly report.
The report further said, Fronthaul rates climbed to the equivalent of over $40,000 daily, with a cargo allegedly fixed on voyage basis from Port Cartier to Japan at a timecharter equivalent of $42,500 daily basis 90 days duration. Transatlantic rates too saw significant gains, with a 165,000-tonne 10% coal cargo from Drummond to Hadera at $13.75, and a 2010, 169,000-tonner not particularly well-described fixing from Gibraltar for a Colombian round voyage at a rate in the upper $20,000s. The Brazil/China rate maintained gains, with a 23-25 July cargo booked from Tubarao to Qingdao at $23.25 and early August cargoes concluded slightly lower. A slower pace initially in the East, but as the week closed out a rumour circulated that a rate in the low $9.00s was fixed for 19 July onwards from West Australia to China, the highest rate seen for over six months. Rio Tinto and BHP Billiton were both active over the week with the former fixing in the upper $8.00s. Delays too were building in China, with bad weather proving an issue. Paper values were also sharply up over the week but so far little period activity was reported.
Panamax
Commenting on Panamax, Baltic Briefing says, the Atlantic tonnage list continued to tighten last week, and sentiment was further helped by the appearance of several Cape splits entering the market, as rates there rose rapidly. But more than once charterers found themselves unable to make the business work on smaller ships. The North Atlantic and the Mediterranean also saw more fronthaul trades. Rates crept up throughout the week, with a modern Kamsarmax fixing at close to $20,000 from the Continent via North coast South America to the East. East coast South America was slightly more subdued compared to recent weeks, with the continued threat of cheap Ultramax tonnage but rates just about held their ground with a Kamsarmax fixed at close to $16,000 plus $600,000 ballast bonus for end July arrival, while an August stem fixed on a voyage basis from Santos to North China at $34.75 per mt. The Pacific remained oversupplied, and rumours of Indonesian export problems did little to help owners. Rates softened for all but the very well described Japanese units in premium positions although the period/short period market remained flat due to the strong Cape market and improved paper values.
Supramax
According to Baltic Briefing, A mixed week with a growing tonnage lists in Asia putting Supramax rates under downward pressure at the end of last week. In contrast, from the Atlantic there was limited activity reported, but as the week closed out certain areas saw a tightening of tonnage especially in the US Gulf and Mediterranean areas.
From the US Gulf, a 56,700-dwt was reported fixed for a trip with grains to Turkey in the upper $13,000s. On fronthaul, an Ultramax was linked to a trip to the Far East in the low $20,000s. Limited activity from East coast South America saw a 57,900-dwt rumoured fixed for a trip to Algeria in the low to mid $13,000s. In the Mediterranean, a 58,000 open Bejaia was fixed for a trip via the Spanish Mediterranean, redelivery West Africa, in the mid $11,000s, whilst for trips from the Black Sea area to the Far East another 58,000 was rumoured fixed in the mid $16,000s. Limited trading from the Continent, with a 56,000 fixed for a scrap run to Turkey at around $12,000.
The Asian market struggled and a 57,000-dwt was reported fixed basis delivery Singapore for a trip via Indonesia redelivery India at $12,000. Later, a 56,900-dwt also open Singapore was booked for a trip via Indonesia, redelivery China, in the low mid $10,000s. Nickel ore runs saw a 57,000 open Lanshan covering also at around $10,500 for a trip to China.
Handysize
Baltic Briefing weekly report says, the handy market stayed in the negative zone all week with routes in both basins struggling to show improvement. Sources suggested cargoes circulated in key markets in the Atlantic but low rates were offered curtailed trade. In the Pacific, fixtures reported on the period front included a 32,000-dwt open Onsan with no further details and two medium-sized fixed $9,000 delivery, Lugait, Philippines and $10,500 delivery Samalaju respectively both for two laden legs with redelivery in Singapore/Japan range.
From East coast South America, a 31,000-dwt was fixed for a grain cargo to Dammam at $14,500 early in the week. From the US Gulf, a 35,000-dwt was fixed for scrap cargo to the Mediterranean at approximately $9,750. A 35,000-dwt open US East coast was booked to move wood pellets to the Continent at $11,000. A 38,000-dwt open Canakkale was booked at $8,000 for a run via Constanza to the Adriatic Sea, and another handy-sized open in the same area was fixed $9,000 for a fronthaul run to Thailand. In the East, a large Chinese vessel open in Hong Kong was booked for a trip to the Continent at $8,000 for the first 62 days and $12,000 thereafter. A 35,000-dwt open Thailand was fixed for logs via Malaysia to West coast India also at $8,000. A 28,000-dwt open in Indonesia agreed $10,000 to run via Australia and redeliver in China with concentrates.
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Thursday, 05 April 18
INDONESIA TO POSTPONE NEW COAL, PALM OIL SHIPPING RULES TO 2020 - REUTERS
Indonesia will delay until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, government offic ...
Tuesday, 03 April 18
MARKET ANALYSIS - GEORGE LAZARIDIS
In the midst of a relatively quiet week for markets, with disruptions being caused by the Christian holidays, it seems as though we find ourselves ...
Monday, 02 April 18
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT, SAYS VISTAAR
The freight market softening to continue. Thursday, March 29, 2018, the Baltic Dry Index decreased by 42 points, reaching 1080 points.
T ...
Monday, 02 April 18
THIESS TO DELIVER $150M SENAKIN CONTRACT EXTENSION
Thiess has secured a $150 million contract extension to provide mine services at Arutmin’s Senakin coal mine in South Kalimantan, Indonesia.
...
Monday, 02 April 18
THIESS SECURES $240M SATUI EXTENSION
The successful implementation of an innovative mining plan by Thiess at the Satui coal mine in South Kalimantan, has resulted in a $240 million con ...
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- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
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