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Wednesday, 11 December 19
PANAMAX: THE MARKET REMAINED FIRM IN THE PACIFIC, WITH INCREASED ACTIVITY NOTED IN KEY AREAS, SUCH AS INDONESIA - ALLIED
AlliedCapesize – Positive momentum was resumed this past week, with earnings mak-ing some gains once again. This rising pattern was reflected in the BCI, which posted a w-o-w increase of 4.5%. The Pacific was the key driver in this growth trend, as demand for iron ore from Asia posted a significant rise. At the same time, the net effect from Atlantic trading was neutral, as the initial steam lent by in-creased interest from charterers gradually vaporized as the week came to an end.
 
Panamax – A bullish week, as ample fresh interest was witnessed in the market, with the BPI rising by approximately 10% on a weekly basis. In the Atlantic basin, a gear up took place with increased demand from S. America helping several units find cover. Additionally, the market remained firm in the Pacific, with increased activity noted in key areas, such as Indonesia.
 
Supramax – Rates continued moving on a rising track this past week, with most of the routes posting gains that were reflected on the 2.3% weekly rise of the BSI. The fairly increased activity has reduced position lists in key regions, pushing freight rates higher and improving further the overall market sentiment.
 
Handysize – Earnings moved sideways here last week, with the BHSI remaining almost steady at 507bp. Lack of information once again dominated the market, fact that made it difficult for the market to find any clear direction. However, gen-erally limited fresh interest was noted in the Atlantic, at the same time that an uptick was seen in demand from Asia.


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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...


Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...


Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...


Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
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Tuesday, 14 November 23
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Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon. ...


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