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Monday, 11 March 19
SUPRAMAX: A 61,000 DWT VESSEL WAS BOOKED SINGAPORE FOR A TRIP VIA INDONESIA TO CHINA AT $10,500 - BALTIC BRIEFING
.jpg) Capesize
A faint glimmer of hope with the suggestion the market may have finally bottomed out, with owners attempting to resist further cuts in rates on some routes. There has been a clear-out of early ships in the East, albeit at very low rates. Charterers upped their ideas, with reports of an operator fixing at $4.80 and another at the equivalent of $4.95-$5.00, basis West Australia/China. The week ended with a reasonable volume of operator cargoes and even from a couple of the miners. Timecharter rates remained very low, with a not very well described ship fixing early in the week at $1,000 for a quick round, with a maximum in the low $4,000s for longer durations. Brazil remained the talking point, with the lack of spot cargoes severely impacting trade. Eyes are pinned on Vale’s return to the market. There was some limited fixing, with an end March cargo booked from Sudeste to Qingdao at $12.00. North Atlantic rates also fell, even those ships willing to load in St. Lawrence accepting lower rates, which barely showed timecharter equivalents in the mid-teens.
Panamax
Last week the market experienced the first negative index since the beginning of February, with a continued surplus of tonnage in the North Atlantic combined with a lack of fresh enquiry in the Pacific. The slowdown in the Pacific was exacerbated by Capesize tonnage fixing some of the larger Panamax stems from both Indonesia and Australia, something not seen for a very long time. The recently active North Pacific market also came to an abrupt halt, despite a modern Kamsarmax covered at $12,000 for round at the start of the week. Talk of Force Majeure in the Mississippi due to flooding stifled trade in the Atlantic. However, fronthaul rates via South America improved, with a vessel covered at excess of $14,000 retroactive Aughinish via North Coast South America. Another vessel fixed at $14,250 plus $425,000 ballast bonus delivery East Coast South America.
Supramax
Overall, it was a firmer week for the Baltic Supramax Index (BSI). Period activity was limited, but a 60,000dwt vessel was fixed for three to five months trading delivery Fangcheng at $12,500. Stronger rates from the US Gulf for the Ultramaxes moving petcoke were evident, with a 63,000dwt ship fixing at around $19,000 for a trip to India. For prompt positions from the East Mediterranean a 56,000-tonner fixed at around $16,000 for a fronthaul. However, as the week came to a close, activity slowed. East Coast South America saw increased trading and rates improved, but little information surfaced. Mixed signals from the Asian arena, more activity was seen, but a lack of fresh cargo from Southeast Asia checked rates. A 61,000dwt vessel was booked Singapore for a trip via Indonesia to China at $10,500. Tighter tonnage availability in the Indian Ocean nudged rates, with a 57,000dwt ship fixing at $12,250 plus $225,000 ballast bonus, delivery Port Elizabeth for a trip to China.
Handysize
The Handysize sector continued to show improvement last week in active trade. Period trading included a 37,000-tonner open Lorient fixed at $10,750, with redelivery in the Atlantic. For longer duration trips, a Handysize vessel fixed for two to three laden legs from the East Mediterranean at $6,000 for the first 30 days and $9,000 thereafter for Atlantic redelivery. From East Coast South America, a trip to the Mediterranean paid $7,250 on a small Handysize vessel. A 33,000dwt ship agreed $9,250 from Recalada to Algeria, and a similar rate was reportedly fixed on a similar size from Santos to Casablanca. There was little reported from the US Gulf area, with a touch more Black Sea activity, but on voyage basis. Other trading routes included a 32,000-tonner reportedly booked for timber at $8,500 from Ghent, via the Baltic, to Egypt. A 36,000dwt vessel was fixed from Amsterdam to Turkey at $9,000. In the East, a 43,000-tonner in Japan agreed $10,000 to move petcoke, via the North Pacific, to China. A 32,000dwt ship in the same area was fixed for a trip to Singapore with slag at $7,350.
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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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- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Marubeni Corporation - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
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