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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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Wednesday, 18 March 20
SHIPPING MARKET INSIGHT - INTERMODAL
Despite we all knew about the Covid-19 weeks ago, few could realize the size of the thread until the last few days. The examples of China and Italy ...
Tuesday, 17 March 20
IT IS NOW UNQUESTIONABLE THAT 2020 WILL BE A MILESTONE YEAR FOR THE OIL MARKET, AS WELL AS THE WHOLE GLOBAL ECONOMY - ALLIED
It is now unquestionable that 2020 will be a milestone year for the oil market, as well as the whole global economy. The impact from the COVID-19 o ...
Tuesday, 17 March 20
PRELIMINARY FIELD EXPERIENCES ON THE EFFECTS OF LSFO AND VLSFO ON CYLINDER CONDITION - HANS JENSEN LUBRICATORS
It is now more than two months since the 0.5% sulphur cap entered into force, which have affected the operation of more than 70,000 vessels. As ant ...
Sunday, 15 March 20
CAPTIVE COAL OUTPUT RISES 19% IN APRIL-FEBRUARY - FINANCIAL EXPRESS
Coal production from captive mines in the first eleven months of the ongoing fiscal have increased by 18.8% year-on-year (y-o-y) to 51.7 million to ...
Friday, 13 March 20
PANAMAX: SLIGHTLY STRONGER NUMBERS IN BOTH BASINS THIS WEEK - FEARNLEYS
Cape
Still very sad times for the big ships, and merit in further trading at present levels is highly debatable for most tonnage. Spot fixtures ...
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Showing 1066 to 1070 news of total 6871 |
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- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
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