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Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
.jpg) Capesize
The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw a week on week lift of $7,084 to settle at $26,444. As usual, this volatile rise was initially Atlantic Basin lead. Black Sea iron ore fronthaul cargoes supplied the sparking tinder, which took a toll on the already sparse Atlantic tonnage supply. Higher transatlantic rates ensued. The Brazil to China C3 route supplied a timely and healthy amount of cargoes to aggravate the tonnage imbalance. The Pacific Basin showed more of a steady hand in gains early in the week before going full in on Thursday, with an action packed day of fixing. This was particularly evident on the West Australia to China C5 route late into the Singaporean evening. C5 opened the week at $7.205 to close at $9.159. The slightly backward forward curve on the derivatives market is a telling sign of the markets uncertainty in this lift being sustainable. However, for now, the Atlantic remains very tight on tonnage.
Panamax
Most of the excitement emanated from the Atlantic again last week. The continued lack of early tonnage had a profound effect on rates, with transatlantic rates jumping by more than $5,000 and the weighted average up by around $3,000. A Panamax fixed from the Continent for a trip via Murmansk to Jorf Lasfar at $22,000, leading many to complain the index remained under-marked. Fronthaul trades from the North Atlantic also increased, adding fuel to the fire. However, at the end of the week several vessels reportedly failed on Black Sea cargoes. The Pacific market rose steadily throughout the week buoyed by the skyrocketing Atlantic market. Several vessels fixed for US Gulf rounds, again at a premium to Pacific rounds, which improved to very high $12,000s for well described Kamsarmaxes. This was despite a seemingly plentiful tonnage supply. Several period fixtures were reported due to increased paper values, with many of the ships taken basis Atlantic delivery due to the rising spot prices.
Supramax/Ultramax
It was a stronger week again for the Baltic Supramax Index (BSI), mainly due to increased pressure from key areas within the Atlantic. Period activity remained, a 52,000dwt ship, open East Mediterranean, fixing in the upper $11,000s for two to four months trading. Key areas of interest were the US Gulf and Mediterranean, which saw jumps throughout the week. An Ultramax covered a trip to the Continent at around $20,000, while a 58,000dwt vessel fixed at $22,500 for a grain’s run to Japan with delivery Houston. Likewise, from the Mediterranean a lack of fresh tonnage saw an Ultramax being fixed in the $13,000s delivery West Coast India trip via Black Sea redelivery Southeast Asia. From Asia, it was a different story, with a lack of fresh enquiry from the north. A 52,000-tonner open CJK fixed for a trip via Indonesia with redelivery China at $6,100. Backhauls from the area to the Mediterranean were being concluded in the low $3,000s and a split rate.
Handysize
The Baltic Handysize Index (BHSI) had a minor decline when the week first started, but soon returned to positive territory, the US Gulf and East Coast South America lending support. More period fixtures were reported from the area, with large handysize vessels fixing in the mid $12,000s from Santos. Mid-sized vessels were fixing in the high $10,000s, basis Recalada, both for three to five months with redelivery within the Atlantic. A 33,000dwt ship open in the US Gulf mid-July was fixed for two to three laden legs redelivery Atlantic at $10,500. Brokers suggested East Coast South America firmed, with more demand to West Coast South America in particular. Fixtures were reportedly done from $15,000 to $17,000 depending on the size of the ship and the load/discharge. From North Brazil, a 32,000dwt vessel was fixed to the Mediterranean at $10,500. From the US Gulf, a 39,000-tonner was booked for a petcoke stem to Lebanon at $16,000. Rates remained soft in the East. A trip from South Korea to Southeast Asia paid $6,000 and low $5,000s on a small handysize from Malaysia for a quick trip to the Philippines.
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Monday, 01 July 19
COAL DEMAND RISES, BUT REMAINS BELOW PEAK LEVELS - FORBES
This article is the third in a series on BP’s recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive ...
Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
Capesize
The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific ...
Wednesday, 26 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the first half of the year is almost over, it is worth looking back at the sale and purchase activity during these months, focusing on the segme ...
Tuesday, 25 June 19
THERMAL COAL FUTURES ON THE ZHENGSHOU EXCHANGE ROSE - DANIEL HYNES
Coal markets were buoyed by ongoing supply side issues.
According to Daniel Hynes, Senior Commodity Strategist of ANZ, the the ...
Monday, 24 June 19
KOMIPO INVITED BITUMINOUS COAL BIDS FOR BORYEONG & SHIN BORYEONG POWER PLANTS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 260,000 MT MT of min. 5700 NAR coal and 240,000 MT of min. 4,600 k ...
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- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- MS Steel International - UAE
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- White Energy Company Limited
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