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Monday, 16 March 20
ULTRAMAX: S8 INDONESIA-INDIA AND S10 INDONESIA-CHINA ROUTES BOTH POSTED GAINS OF $1,412, AND $1,289 ON THE WEEK, TO CLOSE AT $5,575, AND $6,089 RESPECTIVELY - BALTIC BRIEFING
.jpg) Capesize
The Capesize market came to work on Monday, with little expectation, or confidence, that the days ahead were going to bring anything other than fallout from Coronavirus. While this was a relatively simple assessment to make, it was without comfort. The magnitude of the fallout to come hammered business markets and civil society around the world, causing widespread fear. As previously mentioned, if the Capesize market wasn’t at precipitously low levels already, it would be on the speed boat there now. The Capesize 5TC opened the week at $2,542 to close at $2,797. Voyage rates were hugely affected after the oil crash on Monday, as bunker fuel was discounted heavily. West Australia to Qingdao dropped -.472 to settle the week out at $4.464. Meanwhile, the Brazil to China C3 market plunged down to settle at $10.535 from $11.84 earlier in the week. Iron ore continues to flow to China, with one source mentioning no significant disruptions to flow so far. While this may not account for all parties, it gives anticipation that the industry infrastructure sectors in China may return to their normal operational capacity sooner rather than later.
Panamax
The week began on a cautious note, with the news of oil prices and stock markets crashing. Rates stabilised eventually, as market sentiment picked up with fuel recovering. However, by Thursday, negative sentiment underpinned the market, with many fixtures failing on subjects. Many ships in the Pacific that were focussed on the East Coast South America market were having to rethink their strategy. The number of vessels in ballast, built up, prompting a mark-down on rates, as well as global markets taking further hits. Period activity was sparse, but a nicely described 82,000dwt vessel achieved $13,250, plus $14,500 ballast bonus for one option, one-year period. East Coast South America grains to the Far East tended to be most active over the week, with a mixture of Southeast Asia deliveries and delivery Arrival Pilot Station (APS), plus ballast bonus basis. An 85,000dwt ship, delivery Cai Mep, fixed at $12,750. An 81,000dwt ship agreed $14,500, plus $450,000 ballast bonus, for grain trips via East Coast South America to the Far East.
Supramax/Ultramax
The Pacific Basin proved firmer this week, predominantly driven by Indonesian coal stems, both into India, and China. The relevant S8 Indonesia-India and S10 Indonesia-China routes both posted gains of $1,412, and $1,289 on the week, to close at $5,575, and $6,089 respectively. Period interest remained strong, especially for well-described Ultramaxes, as charterers looked to take advantage of the prevailing macro-economic turmoil. The Atlantic continued to be patchy, with steady enquiry from the US Gulf and the Black Sea. At the same time, East Coast South America posted more modest improvements of $383, and $957 on the S5 East Coast South America-fronthaul, as well as the S9 East Coast South America-backhaul routes, as Panamaxes sought to compete.
Handysize
The Handysize sector continued to make gains this week, which led to the Baltic Handysize Index (BHSI) recording its biggest improvement since the beginning of the year. Higher rates have been reported from key markets, particularly in the Atlantic Basin. Meanwhile, the Pacific market has remained active, with positive sentiment lending support. However, due to the Coronavirus it was also reported that some vessels, open in the Mediterranean, were failed on subjects, calling at Italy as last port. A 39,000dwt ship, open Nemrut, was fixed at $7,250 for the first 50 days for a trip to the US Gulf and $9,500 thereafter. A 37,000dwt vessel, delivery Hamburg, was fixed for a trip to China at $14,000. From the US Gulf, brokers reported a tight tonnage list, with a 34,000dwt ship fixed at $13,000 from the Gulf to East Coast Mexico with grains. In the Indian Ocean, a 32,000dwt vessel was fixed basis Salalah, for a trip to Indonesia at $6,800. Lastly on the period front, a 32,000dwt ship, open Amsterdam, was fixed at $9,000 for between five to seven months, with redelivery in the Atlantic.
Source: The Baltic Briefing
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Tuesday, 24 March 20
THE TRIPLE SHOCK OF CORONAVIRUS IN SHIPPING: WILL IT LAST? - DREWRY
Transport capacity shortages, disruptions to supply chains and inability to plan since late January have been a dangerous combination. But will all ...
Tuesday, 24 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.28 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.74 points Monday, down 0.28 percent week on week.
The index, released by Chi ...
Monday, 23 March 20
CHARTERPARTY REQUIREMENTS TO NOTIFY CLAIMS - TAKE CARE! - WFW
KNOWLEDGE TO ELEVATE
Voyage charterparties frequently require the owner to notify any claim with supporting documents within a relatively shor ...
Monday, 23 March 20
COAL INDIA LIMITED'S ONE-DAY OUTPUT PEAKS AT 3.17 MT - THE HINDU
Coal India Limited (CIL) output peaked at a new high of 3.17 million tonnes (MT) on March 20, overtaking the 3.14 MT production recorded on March 2 ...
Monday, 23 March 20
KOMIPO INVITED BIDS FOR 1.45 MILLION TONS OF COAL FOR JUNE & JULY 2020 LOADING
COALspot.com: Korea Midland Power Co.,Ltd (KOMIPO), on behalf of five Korean Gencos, has issued an international tender for total 1,450,000 MT (&pl ...
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- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Australian Coal Association
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- The University of Queensland
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
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