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Monday, 21 January 19
SUPRAMAX: INDONESIAN COAL RUNS, TONNAGE WAS GIVING APS DELIVERIES AND A 57,000DWT SHIP FIXED AT $7,000 FOR A TRIP TO WEST COAST INDIA - BALTIC BRIEFING
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A positive end to a week that saw rates on the West Australia/China run slip below $6.00, as charterers faced a plentiful supply of tonnage. Rates below $6.00 prompted resistance, and after a clear out of tonnage, rates climbed back over $6.00 finishing the week in the upper $6.00s. Timecharter rates slipped under $10,000 daily for 180,000 tonners, but recovered ground, with a 2010 vessel fixing from CJK for an east Australia/India run at $12,000 with an option of China at $13,000. Brazil/China activity fluctuated, the pace quickened as the week closed, but rates were laydays cancelling (laycan) sensitive. There was talk of tonnage fixing, with a 12-13 February position on this run at $18.00. North Atlantic trading was largely focussed on tonnage willing to breach International Navigating Limits (INL) and owners saw premiums for trading from these areas. A voyage cargo fixed from Seven Islands to China at a rate allegedly equating to between $33,000 and $34,000.
Panamax
It was a difficult week for most owners, with rates under pressure everywhere. The North Atlantic suffered from a growing tonnage profile, with ballasters also competing for business. The index fell around $1,500 daily for transatlantic rounds, with a voyage from the US Gulf to Rotterdam stem fixed at $11.70 last week compared to a similar fixture the previous week at $12.75. The fronthaul index dropped by a similar margin, although on Tuesday, rates had appeared to improve from South America. Unfortunately, this proved to be a temporary blip, with rates jumping to $14,500 plus $450,000 ballast bonus, before returning to around $13,750 plus $375,000 ballast bonus almost overnight. North Pacific grains continued to be active, but the market slipped by around $1,000 daily. However, as per the previous week, minerals demand was disappointing and Indonesia saw several vessels fixed on an Arrival Pilot Station (APS) basis, with no ballast bonus. Period interest evaporated, with a heavy decline in Forward Freight Agreement (FFA) values.
Supramax
Since the last week, the Baltic Supramax Index (BSI) has lost over 10 percent in value, with all routes losing ground, especially in the Atlantic for prompt positions, where tonnage supply outweighed demand. There was limited discussion on period activity this week, but an Ultramax open Chittagong was rumoured to have fixed an Index-linked period. The Atlantic, particularly from the US Gulf, saw dramatic falls, with Supramaxes seeing around $10,000 for transatlantic runs. East Coast South America also suffered, with Ultramaxes, open Up River, fixing in the low $12,000s plus $200,000 ballast bonus for fronthauls. The Mediterranean also lacked impetus, as a 57,000 deadweight tonne (dwt) vessel went for a run from the East Mediterranean to West Africa in the mid $8,000s. The Asian arena also struggled, but a 61,000 tonner open North China fixed for a trip via the North Pacific, redelivery Indonesia, at $10,500. For Indonesian coal runs, tonnage was giving APS deliveries and a 57,000dwt ship fixed at $7,000 for a trip to West Coast India.
Handysize
The Baltic Handysize Index (BHSI) continued to fall, with rates dropping in both basins. East Coast South America remained under pressure, with the HS3 route for 38,000 tonnes coming closer to the low recorded in early June 2018. Rates for the US Gulf also fell, as the HS4 route for 38,000 tonnes hit a new low since reporting started in March 2018. In the East, limited cargoes circulated last week for all sizes and routes. On the period front, a 37,000dwt vessel was booked from South Brazil for 12 to 14 months at $12,000, with redelivery in the Atlantic. The first leg later booked for Nueva Palmira to Kaliningrad in the mid $9,000s.
Most of the information came from East Coast South America, with a 34,000 tonner fixing coastal business at $10,000. A trip to Amsterdam, Rotterdam and Antwerp (ARA)-Ghent range paid $7,300 from Santos on a 37,000dwt vessel. In the Pacific, a 32,000dwt vessel was booked passing Busan for a coal trip via the Commonwealth of Independent States (CIS) to Korea at $4,800. A 35,000 tonner was booked from Hong Kong for a trip to the Caribbean-North Coast South America, at $3,200 for the first 68 days and $9,500 thereafter.
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Tuesday, 22 January 19
9TH GLOBAL MANUFACTURING SUPPLY CHAIN INNOVATION SUMMIT 2019
Rethinking the supply chain in manufacturing is a must at the digital era along with the industry transforming and innovating; new manufacturing is ...
Tuesday, 22 January 19
AUSTRALIA'S YANCOAL PRODUCED 50 MMT SALEABLE COAL IN 2018 UP 59 PER CENT ON THE YEAR PRIOR, THE QUARTERLY REPORT SHOWS
According to the report, the miner's quarterly (Q4' 18) saleable coal production of 12.4 Mmt. Includes 10.5 Mmt (85 per cent) from the Comp ...
Monday, 21 January 19
KOSPO INVITING BIDS FOR 320K MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV low calo ...
Monday, 21 January 19
HARD COAL WORLD TRADE IN 2018 RISES BY 3.7 PER CENT; GLOBAL HARD COAL PRODUCTION INCREASES BY 1.7 PER CENT - VDKI
Global Hard Coal Production Increases By 1.7%.
According to provisional calculations by the German Coal Importer Association (VDKi), ...
Sunday, 20 January 19
OIL MARKET REPORT: A MARATHON, NOT A SPRINT - IEA
Last month, we asked if there was a floor under prices following the signing of a new Vienna Agreement that aims to re-balance the oil market. Foll ...
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- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Planning Commission, India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- The University of Queensland
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- PTC India Limited - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
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