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Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
.jpg) Capesize
The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific market largely softened on the back of an inactive West Australian market. Charterers were usually able to achieve lower than last done, albeit with minimal trade volumes heard. Several trades on Asian vessels for Brazil rounds were heard at healthy levels, which highlighted the options owners now have to choose from. Further west, Brazil to China voyage rates initially maintained their level before being seen to soften towards the end of the week. The North Atlantic was an animal of its own, as consecutively higher fronthaul fixtures were heard throughout the week. Many of these stemmed from the Black Sea, which, while at a higher headline rate, were largely viewed lower on the case of being a shorter duration back to the East. The C5TC opened the week at $17,947 to close Friday at $19,360. The West Australian C5 market opened the week at $7.45 to close the week out at $7.205.
Panamax
It was a strong week in the Atlantic with sources commenting they had rarely seen so few available ships on early positions. The index increased over $2,500 during the week for transatlantic rounds, with a modern Kamsarmax agreeing $12,500 for a round, admittedly from a good delivery in Aughinish, via the US East Coast to Jorf Lasfar. Fronthaul rates also increased by over $1,500 on the week before, with a modern Kamsarmax fixed at $19,000 delivery Gibraltar for a long trip via the US Gulf and the Cape of Good Hope to the East. Several vessels were also fixed basis delivery dropping outward pilot station (DOP) India for trips via South America, again, with a Panamax/Kamsarmax fixed at $12,000/$13,000 respectively. There was less excitement in the East, but rates also rose with the improved market sentiment. A newbuilding Kamsarmax ex-yard was reported fixed for one year at $12,250. The same charterer was later linked to another modern Kamsarmax in direct continuation at $12,200.
Supramax/Ultramax
Positive sentiment remained across all areas as the week ended. On the period front, brokers said that a few Ultramaxes were fixed at $11,000 for four to six months Atlantic trading. The Atlantic saw gains and stronger numbers being discussed. From the East Mediterranean, a 63,000dwt vessel fixed at $19,000 with redelivery Indian Ocean. There were better levels from the US Gulf, with a 58,000dwt ship fixing for a trip to Japan at $19,000. East Coast South America was also strengthening, with Ultramaxes seeing in the $14,000s, plus $400,000s ballast bonus, for trips to Singapore-Japan. The Asian basin also gained momentum. For North Pacific round voyages, 60,000dwt vessels were seeing in the mid $8,000s. From Southeast Asia more coal was entering the market. A 56,000-tonner open Hong Kong fixed a trip via Indonesia, redelivery North China, at $8,500. Activity remained from the Indian Ocean, a 52,000dwt ship covering basis delivery for a Cape Town trip, via Saldanha Bay, to Singapore-Japan at $12,250 plus $225,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) was largely flat this week with gains mainly from the Atlantic basin. More period fixtures were reported, with two 39,000dwt ships reportedly fixing at $11,000 basis delivery Tampico and Świnoujście respectively and both redelivery within the Atlantic. A 36,000-tonner open New Orleans in early July was fixed for three to five months at $11,000, also with Atlantic redelivery. From East Coast South America, a 28,000-dwt was fixed for a trip to North Coast South America at $8,500. A large Handysize vessel, open Immingham, was fixed to the US Gulf at $8,500 for the first 40 days and $10,500 thereafter. In the East, rates were stable but not showing any further sign of improvement. A 38,000dwt ship, open spot in Hong Kong, was fixed at $9,000 basis passing Singapore for loading salt via West Australia to Japan. A 32,000dwt ship, open Portland, was booked to run via New Zealand to West Coast India at $8,000 plus a ballast bonus of $13,500.
Source: The Baltic Briefing
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Sunday, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
Capesize
The story over the past week has been largely Atlantic dominated as the basin’s uniquely volatile characteristics came into play ...
Saturday, 22 June 19
OPEC'S BATTLE FOR CONTROL OF THE OIL MARKET - WOOD MACKENZIE
Oil supply is confounding expectations. We have just raised our forecasts for non-OPEC production, the latest in a series of incremental increases. ...
Friday, 21 June 19
INDONESIA'S BAYAN RESOURCES SIGNED A COAL SUPPLY AGREEMENT WITH THE BANGLADESH BCPCL TO SUPPLY 23 MILLION TONS OF COAL FOR 10 YEARS
On Monday, 17th June 2019, PT. Bayan Resources signed a Coal supply Agreement with the Bangladesh- China Power Company (Pvt.) Limited. BCPCL is a j ...
Thursday, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million to ...
Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates
Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...
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- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
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