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Saturday, 29 February 20
SUPRAMAX SENTIMENT WAS UP IN A FEW KEY AREAS OVER THE LAST WEEK - BALTIC BRIEFING
.jpg) Capesize
The Capesize market woes related to Coronavirus have now spread through the wider global markets like wildfire. The wider supply and demand and operational ramifications now seem painfully clear. With Capes already trolling the bottom of the market there was little left to be squeezed out of it this week. With oil prices bearing the brunt of poor forecast demands in the coming months, traders kept a close eye on the declining fuel costs. This added a little volatility as route earnings improved to quickly readjust down once again. The Capesize 5TC, now $2,274, has remained below $3,000 for three weeks straight, whilst market conditions seemingly continue to deteriorate. The West Australia to China C5 opened the week at $5.99 to close out the week at $5.20. The Brazil to China C3, which is still lacking in any solid spot cargo flow, opened the week at $13.015 to close at $12.585. In other news the VLOC ‘Stella Banner’ (300,660 dwt) laden with 294,000mt iron ore has been reported to have intentionally grounded to avoid capsizing shortly after leaving the port of Ponta Da Madeira, Brazil.
Panamax
Last week witnessed plenty of improvement in the market aided with bunker prices falling, sentiment now seems generally optimistic. The North Atlantic trades continued to struggle, but with fronthaul volume increasing from East Coast South America (ECSA), particularly end March/early April shipments, rates improved. However, several still viewed current levels within the Atlantic as a good buying opportunity and took cover by booking tonnage for two-to-three laden legs within the Atlantic. The highlight rate on Arrival Pilot Station (APS) ECSA, basis being $14,700 plus $470,000 ballast bonus on an 82,000dwt ship. $11,000 was also concluded a couple of times on nicely described 82,000dwt tonnage, both delivery Singapore. Elsewhere in Asia there were small incremental improvements over the week, with some support being lent. There were steady levels of fixing ex Australia and North Pacific, with mid $7,000’s for North Pacific rounds getting fixed on a couple of occasions.
Supramax/Ultramax
Sentiment was up in a few key areas over the last week with the Baltic Supramax Index (BSI) gaining 63 points since Monday. Period inquiry remained mainly from the Indian Ocean, with a 53,000dwt vessel open Arabian Gulf fixing one year’s trading in the $9,000s. From the Atlantic, better activity was seen from East Coast South America, with demand up particularly for Transatlantic runs. A 61,000dwt ship was seen fixing delivery Recalada trip Skaw/Mediterranean in the low $13,000s. There were strong numbers from the US Gulf, with a 58,000dwt vessel reported fixing for a Japan trip at $21,000. There was a good number of clinker runs from the East Mediterranean, a 66,000dwt ship fixing delivery Turkey trip to West Africa in the $11,000s. The Asian Basin remained positional, but sentiment improved overall. A 63,000dwt ship fixing delivery South Korea for a North Pacific round, redelivery Southeast Asia, in the upper $7,000s. More enquiry from the Indian Ocean, with Ultramaxes seeing in the low $12,000s and low $200,000s ballast bonus redelivery Pakistan/West Coast India.
Handysize
The Handysize market experienced a more positive week, with the Atlantic routes driving the charge on a positionally tighter supply/demand outlook. HS1, Continent-EC South America, and HS2, Continent-US East Coast, were the main beneficiaries, posting gains of 554, and 571 points respectively, on the week. The timecharter average duly gained 285 points on the week, to close at 5,831. The Pacific, meanwhile, remained subdued, both in terms of volume and rate levels, where it traded flat at the end of the week, as macroeconomic concerns continued to weigh. Such was the dichotomy in the market, however, brokers remained divided as to whether this week’s improvements were sustainable – some cited the growing tonnage count in several areas – the longer-term outlook therefore remains far from certain.
Source: The Baltic Briefing
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Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
Tuesday, 03 March 20
COAL'S SHARE OF CHINA ENERGY MIX FALLS IN 2019 BUT CONSUMPTION STILL RISING - REUTERS
Coal accounted for 57.7% of China’s primary energy consumption in 2019, the National Bureau of Statistics said on Friday, down 1.5 percentage ...
Monday, 02 March 20
SHIPOWNERS AND OPERATORS COULD FACE DETENTION OF SHIPS FROM 1ST MARCH UNDER IMO RULE - ICS
Port state control authorities will begin to enforce the IMO’s Sulphur 2020 from 1st March, making it an offense for ships to carry fuel that ...
Thursday, 27 February 20
FOREIGN COMPANIES LIKELY TO SKIP COMMERCIAL COAL BLOCK AUCTIONS - ECONOMIC TIMES
The Centre is in the process of inviting global players for commercial mining, following 100% foreign direct investment in the sector. However, giv ...
Wednesday, 26 February 20
SHIPPING MARKET INSIGHT - INTERMODAL
Coming from one of its busiest periods historically, with a list of scrubber and BWMS retrofits on a waiting list, the ship repair sector is witnes ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Australian Coal Association
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- The University of Queensland
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
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