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Saturday, 07 December 19
SUPRAMAX: OVERALL, THE BALTIC SUPRAMAX INDEX REMAINED IN POSITIVE MODE, DESPITE SOME AREAS LACKING FRESH ACTIVITY - BALTIC BRIEFING
.jpg) Capesize
This week the Capesize market maintained healthy earnings, as an end of year surge took the Capesize 5TC back up to $25,202 by mid-week. This lift was predominately led in the Pacific, with strong trading activity from major iron ore charterers. With the steady flow of cargo in the Asia region, the Pacific C10 now trades at a solid 35% premium over the Atlantic C8. The C5 West Australia to China market had a significant jump mid-week, but fell away after a wild trading Friday, to leave the route largely unchanged week on week. Bad weather causing vessel delays in China is expected to cause disruption to upcoming schedules. The North Atlantic sentiment weakened throughout the week, as fixtures out of Brazil, to China, initially jumped in strength. But as a series of fixtures eased the pressure, levels were seen to decline. The Capesize 5TC closed the week down -$525 to settle at $23,704.
Panamax
Another week of upward momentum in the Panamax market, with East Coast South America (ECSA) grain trips to the Far East witnessing the largest gains. In the Pacific healthy coal enquiry from Australia and Indonesia kept rates relatively stable on the week. There has been slower trade volume on North Atlantic trades. However, an 83,000dwt vessel agreed $14,000 delivery from North France, for a trip via the US East Coast to Italy, with redelivery basis Gibraltar – whilst a 73,000dwt ship achieved $12,000 delivery arrival pilot station (APS), North Brazil, for a trip to Skaw-Cape Passero range. On the ECSA trips to the Far East the high saw an 82,000dwt vessel agreeing to $14,500 plus $450,000 ballast bonus, whilst during the early part of the week an 80,000dwt ship agreed $13,000 plus $300,000 ballast bonus for the same trip. Out of the US Gulf, a 77,000dwt vessel fixed basis delivery Las Palmas at $17,000 via the US Gulf to Singapore-Japan. Improved levels were also witnessed from the Black Sea, with a flurry of enquiries and a shortage of tonnage open in the Mediterranean. The high being a 92,000dwt ship achieving $26,000 on a delivery from Italy, for a trip via the Black Sea to Singapore-Japan. Coming from Australia an 81,000dwt vessel agreed a rate of $13,000 for a trip via Australia, to China, with coal. A 76,000dwt ship agreed to $10,000 for the same trip. From Indonesia there have been some contrasting rates, with a 75,000dwt vessel agreeing to $11,500 for an Indonesia to China trip. In the early part of the week a 72,000dwt ship fixed at $9,250 for a similar run. From South Africa, little action has been reported, except for a 93,000dwt vessel that was fixed at $11,850 for a delivery from Malaysia, bound for a trip via South Africa to China.
Supramax/Ultramax
Overall, the Baltic Supramax Index (BSI) remained in positive mode, despite some areas lacking fresh activity. Period activity was limited, but a 60,000dwt vessel, open China, was fixed in the mid $11,000s for a short period. In the Atlantic as the week closed, stronger numbers were discussed from ECSA for the larger Ultramax. A 66,000dwt ship, fixing from here for a trip to South East Asia at $14,650 plus $465,000 ballast bonus. A mixed bag from the US Gulf, with stronger numbers at the beginning of the week, a 57,000dwt ship, fixing for a trip with petcoke to India at $25,000. From the Asian arena activity remained static. A 56,000dwt vessel fixing delivery from Nanjing, for a trip to the Arabian Gulf at $6,750. A 63,000dwt ship was fixed for a North Pacific round voyage delivery to Japan, at $10,000. The Indian Ocean activity saw a 55,000dwt vessel fixing delivery from South Africa, on a trip to China at $11,000 plus $100,000 ballast bonus.
Handysize
Many brokers described the week as flat, which was reflected with the Baltic Handy Size Index (BHSI) remaining unchanged for most of the week. Limited period activity surfaced with a 36,000dwt ship fixing delivery from Marmara, for three to five months to the Atlantic, trading at $10,000. The Atlantic remained stable but as the week closed, sentiment from some areas seemed to be on the turn. A 24,000dwt ship was reported for fixed delivery from Recalada, for a trip to West Africa with grains at $12,000, plus $30,000 ballast bonus. A 37,000dwt vessel was rumoured for a fixed delivery Baltic trip to the East Mediterranean, at $10,750. Like the Atlantic, the Asian Basin also lacked impetus. A 35,500dwt ship, open Indonesia, was reported as fixed for an Australian round trip at $9,000. Additionally, a 32,400dwt vessel was reported for a fixed delivery Singapore trip via West Australia, for redelivery to South East Asia at $7,500. Further north, a 28,000dwt vessel open Japan was linked to a steels run to South East Asia, in the mid-upper $6,000s.
Source: The Baltic Briefing
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Friday, 22 November 19
UNCERTAINTY IN THERMAL COAL MARKET PERSISTED IN 3Q19 - ADARO
Uncertainty in thermal coal market persisted in 3Q19, mainly due to the actions, or inactions, of China in setting policies for global coal market. ...
Friday, 22 November 19
CIL TO DEVELOP 55 NEW COAL MINES IN NEXT 5 YEARS: COAL MINISTER
State-owned CIL will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed. The company is also un ...
Thursday, 21 November 19
4TH DEEP OFFSHORE WEST AFRICA CONGRESS 2020
4th Deep Offshore West Africa Congress 2020
17 Janaury 2020
Accra, Ghana
Press Release: Following the great succ ...
Thursday, 21 November 19
INDONESIA PLANS TO KEEP $70/T COAL PRICE CAP FOR PLN, DMO - REUTERS
Indonesia’s energy minister Arifin Tasrif said his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT ...
Wednesday, 20 November 19
FOREIGN DIRECT INVESTMENTS IN COMMERCIAL COAL MINING IN INDIA? - DIPESH DIPU
In August 2019, Government of India announced its approval for Foreign Direct Investment (FDI) for coal mining, processing and sale. Not that FDI i ...
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- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Planning Commission, India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- The University of Queensland
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
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