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Saturday, 09 February 19
SUPRAMAX: A 63,000-TONNER WAS REPORTED FIXED DELIVERY FOR AN EAST KALIMANTAN TRIP, REDELIVERY WEST COAST INDIA, AT $9,250 - THE BALTIC BRIEFING
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The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in rates. The miners have largely been absent from the market, with just a handful of others there with cargoes to move, and rates are expected to slip under $13.00 for first half March positions. Ballasters heading to Brazil eyed South Africa as an alternative and there too rates were slashed, falling below $9.50 with a 4-9 March 170,000-tonne 10% cargo fixed at this rate from Saldanha to Qingdao, said the Baltic briefing in its latest report.
the Baltic briefing further noted, these ballasters also put pressure on the North Atlantic market, with some allegedly looking at Colombia destinations in addition to West Africa. Fronthaul activity was slow and even rates for cargoes breaching international navigating limits (INL) dropped sharply, with a Seven Islands/Oita cargo booked in the mid-high $19.00s. In addition, the Lunar New Year holidays continued to hamper trading, although West Australia/Qingdao rates steadied around $4.90 for 20 February onwards. Timecharter trading was negligible, however, earlier in the week a well described 180,000-tonner went at $10,000 for an Australian round, but lesser vessels were likely to see several thousand less as the week closed out.
Panamax
Commenting on Pamamax, the Baltic briefing says, a disrupted week with holidays in the East, but surprisingly the Pacific market looked slightly improved last week. The North Pacific was active, with vessels fixing a little above last done in the $6,000s and even $7,000 for round voyages, a coal tender from Australia to India was awarded at $13.25, when a similar cargo on 28 January was concluded at $12.05. Richards Bay was also busy with multiple stems fixed into India, which may help the South American market, having been flat last week. Further north, a healthy tonnage supply meant charterers were able to cover on voyage at levels close to zero return on a timecharter equivalent. Brokers commented there had been period interest, although few owners had been willing to commit at current levels.
Supramax
With widespread holidays in Asia last week, activity remained very slow in the beginning, but picked up as the week came to a close. The Baltic Supramax Index (BSI) again saw losses, but once more, these were less dramatic as the week progressed, with keys areas showing resistance. Limited period activity surfaced with a 61,000dwt vessel reported fixed for one year delivery Far East, end February-early March, at $10,500. From key areas such as East Coast South America, rates remained under pressure, with prompt vessels remaining open but a 55,000-tonner fixed delivery Brazil trip, redelivery China, at around $8,000 plus $80,000 ballast bonus. For transatlantic runs, a 57,900dwt vessel was fixed delivery Up River trip to Spain at $5,500. The East Mediterranean also struggled, as a 60,500dwt ship agreed delivery Canakkale trip, redelivery US East Coast, at $3,500. Limited action surfaced from Asia, but a 63,000-tonner was reported fixed delivery for an East Kalimantan trip, redelivery West Coast India, at $9,250, said the Baltic briefing.
Handysize
According to the Baltic briefing , the market in the East was largely closed in the first half of the week, with the Chinese New Year celebrations ongoing, while the Atlantic basin continued softening. However, more new orders appeared from East Coast South America and the US Gulf towards the weekend, and the market finally saw a ray of hope after the past few weeks of falling rates. There was ground for optimism on some of the Atlantic routes, whilst the Pacific market was expected to be fully up and running this week.
From the US Gulf, a 33,000-tonner was booked for a trip to West Coast Central America at approximately $8,000. Another similar-sized open spot in the Caribbean was fixed for a trip from Southwest Pass to the Continent at around $5,000, with dates from mid-February onwards. A 37,000dwt vessel fixed basis Panama USA for a trip to the UK-Denmark-Continent at $5,000. On the voyage front, two coal stems of 38,000-tonnes 10% coal each both from Beira to Visakhapatnam-Paradip range were fixed at $18.40 and $19.70.
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Monday, 01 April 19
AUSTRALIAN COAL AT RISK FROM CHINA MOVE, WARNS GOVERNMENT REPORT - SYDNEY MORNING HERALD
A new government report warns China’s restrictions on coal imports is the number one risk for Australian coal this year and could lead to a s ...
Saturday, 30 March 19
KOEN INVITES BIDS FOR 450,000 TONS OF (SUB) BITUMINOUS COAL FOR H1 AND JUNE 2019
South Korea state-owned utility KOREA SOUTH-EAST POWER CO., LTD. (KOEN) issued a tender for total 450,000 MT of min. 4300, 3500 and 5600 NCV ...
Wednesday, 27 March 19
SHIPPING MARKET INSIGHT - INTERMODAL
Contrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. ...
Saturday, 23 March 19
IT WAS A POSITIVE WEEK FOR THE HANDY SIZE MARKET - BALTIC BRIEFING
Capesize
The big ships endured heavy losses last week extinguishing any hopes from the recent minor rally. Negative sentiment gained pace throu ...
Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are ...
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- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
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