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Sunday, 23 February 20
A 57,000DWT SHIP FIXING DELIVERY SOUTH KALIMANTAN TRIP, REDELIVERY CJK, AT $7,600 - BALTIC BRIEFING
.jpg) Capesize
The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with the Transatlantic C8 now pricing at $2,655. Cargo remains limited for owners, while a healthy ballaster list is running low on options. The Pacific Transatlantic C10 continues to make modest gains to close the week out at $4,900. The C5 voyage route, West Australia to China, remains under pressure, but managed to lift slightly this week, finishing at $5.986, a rise of +.391. Re-fuelling timing for owners remains critical as bunkers continue to fluctuate wildly. Fuel demand across all industries has weakened in recent weeks, with the slowdown in China, giving some respite to owners. The Capesize 5TC opened the week at $2,445 to close out the week at $2,787.
Panamax
A markedly better week, with all routes posting gains. This was led by the P1A Transatlantic round voyage, which gained $1,380 on the week to close at $4,805. The 5TC average duly climbed $1,170 to close at $7,087, an almost 20 per cent gain for the week. Whilst sentiment is much more positive, these things are rarely linear, even when coming from such a low base. Consequently, opinion remains divided as to whether the momentum can be maintained. The East Coast South America (ECSA) market was also active this week, with delivery Arrival Pilot Station (APS) Brazil, becoming delivery dropping outward pilot station (DOP) India in the latter stages of the week. Some short period fixtures were also concluded to cover the Brazil fronthaul as a first leg. Notable fixtures included the ‘Konkar Venture’ (82,099dwt, 2015 built), which fixed basis delivery APS Santos at $13,450 plus $345,000 ballast bonus basis 6/10 March. In addition to the ‘Sea Gemini’ (81,715dwt, 2014 built), which fixed basis delivery Singapore 3/6 March at $10,200 for a similar Brazil round voyage. Some short period fixing was reported, including the ‘Avicl Artemis’ (82,000dwt, 2019 built) at $11,500 for four to seven months basis delivery Machong with redelivery worldwide. This was supposedly to Louis Dreyfus in direct continuation – although this was not confirmed. Moreover, the ‘Coronis’ (74,381dwt, 2006 built) purportedly fixed $8,000 for about nine to ten months to Koch. The consensus amongst most is that further improvements will be seen next week.
Supramax/Ultramax
A more positive week, with the Baltic Supramax Index (BSI) making ground. There was a tightening of tonnage supply in many areas in the Atlantic. In the Asian arena rates improved slowly, with more enquiry, but tonnage availability remained abundant. On the period front, activity was more evident. A 55,000dwt ship, open China, fixing for one year in the high $8,000s. From East Coast South America, a 60,000dwt ship was fixed delivery Recalada trip to Egypt at $11,250. Further north from the US Gulf, a 63,800dwt ship was fixed for a petcoke run via India, redelivery Port Said, in the low $14,000s. The Continent also saw better numbers. A 55,700dwt ship fixing delivery Portugal trip, via the Continent, redelivery East Mediterranean at $11,250. In Asia, stronger numbers for trading China, with a 57,000dwt ship fixing delivery South Kalimantan trip, redelivery CJK, at $7,600. The Indian Ocean also saw healthier numbers. A 63,000dwt ship fixing delivery South Africa trip, redelivery Colombo, at $11,000 plus $100,000 ballast bonus.
Handysize
Like other sizes, the Handysize sector started to show signs of recovery from the early part of the week, with the Baltic Handysize Index (BHSI) making gains for the first time since 2020. There were some stronger rates fixed from the Continent, Mediterranean and especially East Coast South America. The US Gulf was relatively quiet. In the East there was a slight improvement, with Southeast Asia delivery leading the positive trend. On the period front, brokers noticed more charterers taking in vessels in both basins, with discounted rates applied. A 35,000dwt ship open in Indonesia in early March was fixed for five to eight months at $5,250 for the first 35 days and $9,000 thereafter. For time charter trips from East Coast South America this week, a 37,000dwt ship open Santos was fixed to Morocco at $10,500. Another large Handysize vessel was fixed from Vila Do Conde for a trip to Norway at $10,000. From the Pacific, a 38,000dwt ship was fixed from Japan to Southeast Asia at $4,000. A 32,000dwt ship open Thailand was fixed to East Coast India at $4,000.
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Monday, 24 February 20
CHINA SAYS MAJOR COAL FIRMS RESTORE 95% OF PRODUCTION CAPACITY - REUTERS
China’s coal companies controlled by the central government have resumed operations and are back at more than 95% of their capacity, an offic ...
Sunday, 23 February 20
SHIPPING INDUSTRY FACES $370 MILLION HIT FROM NEW PANAMA CANAL CHARGE - REUTERS
A new “freshwater” charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up ...
Saturday, 22 February 20
THE SURPRISING MOVE IN MARINE FUEL SPREADS - ING
Middle distillates tank
One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulati ...
Friday, 21 February 20
CAPE: AVERAGE NOMINAL DAILY EARNINGS STILL ADMITTEDLY UNCHANGED W-O-W AT BELOW US$3000 - FEARNLEYS
CAPE
The worst may just about be over for the big ships. Average nominal daily earnings still admittedly unchanged w-o-w at below US$3k, but sent ...
Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. ...
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- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- The University of Queensland
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
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