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Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
.jpg) Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates were seen to quickly rise. This was helped along the way by typhoon Lekima off the eastern coast of China and a tightening vessel situation in the Atlantic. The Capesize 5TC opened the week at $24,022 to close at $29,624. In the Pacific, most major charterers were present at some stage of the week, but struggled to get repeat trades at last done levels. In the Atlantic, Vale was particularly busy for the Brazil to China trade, taking both prompt August dates and C3 September laycan dates. Black Sea trade to the Far East was rumoured once again this past week, which also contributed to the tightening vessel situation. With Singapore off on Monday it was a late start to the Pacific market, however it was quick to gather momentum. Combined with the weather situation, the West Australia to China C5 trade opened at $9.164 and was pushed to $10.498 by index time Friday.
Panamax
It was a strong week overall, with all areas feeling the pinch of a tightening of tonnage supply. Pressure remained for September shipments of grain from East Coast South America. The BPI P6 route index rose in excess of $1,400, with 82,000dwt vessels seeing around $18,000 per day, delivery Singapore. Period activity was prevalent, an 81,000dwt ship open China being covered in the mid $15,000s for seven to nine months trading. For Atlantic business a 75,000-tonner was fixed delivery Gibraltar for two to three laden legs Atlantic trading redelivery Skaw – Gibraltar range. Black Sea fronthaul remained firm, a 81,000dwt vessel being covered delivery Constanza via the Black Sea, with redelivery Singapore-Japan, at $32,000. The Asian arena saw a push, with an 85,000dwt ship fixing delivery Tianjin for August dates via East Australia, redelivery Japan, at around $15,000. For Indonesian coal runs, a 82,000dwt ship was fixed delivery China via Indonesia, redelivery Japan, in the mid $16,000s.
Supramax/Ultramax
It was an exciting week, with the surge in key markets from both basins bringing the BSI back above 1,000 points. The US Gulf was showing soaring signs, with the route index having one of the biggest improvements among others, with the tonnage list remaining tight in the Mediterranean / Continent / Black Sea area and East Coast South America. In the East, trading continued to be active after Singapore came back from its long weekend holiday, especially with Indonesia coal and North Pacific soda ash / grains lending support. On the period front, a 58,000dwt ship open West Coast India was fixed at $14,000, with minimum 75 days up to a maximum 90 days duration and redelivery in the Persian Gulf / South China range. A 56,000dwt ship open Altamira was fixed for three to five months at $15,500, with redelivery in the Atlantic. Fixtures were reported with high rates towards the weekend, this was despite a holiday on Thursday in most of the European countries. A Tess 58 type open West Africa was fixed to run via East Coast South America at mid $16,000s, with redelivery in the East Mediterranean. A Dolphin 63 type open US East Coast was fixed for moving coal to the Continent at $25,000. In the Pacific, a 61,000dwt ship open North China was fixed for a North Pacific run at $16,700, with redelivery in Southeast Asia. Most market participants considered this as a benchmark with higher expectations for next week.
Handysize
Similar to larger vessel sizes, the Handysize index and its weighted Timecharter Average climbed further. Early in the week, a 30,000-tonner open South Brazil was fixed for moving grains to the Continent at $14,000. A 40,000dwt ship open Ireland was booked for fertilisers to East Coast South America at $11,400 for the first 40 days and $14,000 afterwards. A 38,000dwt vessel open in the US Gulf was fixed to West Coast Central America at $17,000. Rates came up again for vessels delivered in Southeast Asia with a 35,000dwt ship open Cebu reportedly fixing at $8,250 for two to three laden legs with redelivery in the Singapore-Japan range.
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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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- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
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