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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, 11 March 20
SHIPPING MARKET INSIGHT - INTERMODAL
On the 4th of September the Baltic Dry Index marked its highest level for 2019, reaching 2,518 points, while the rest of the dry indices also recor ...
Tuesday, 10 March 20
SHIPPING MARKET ANALYSIS
It might be already overstated, but it seems to be important to point out once again how peculiar the current circumstances are.
Before the st ...
Tuesday, 10 March 20
EIA FORECASTS U.S ELECTRIC POWER SECTOR DEMAND FOR COAL WILL FALL BY 81 MMST (15%) IN 2020
EIA forecasts that U.S. coal production will total 595 million short tons (MMst) in 2020, down 95 MMst (14%) from 2019. According to EIA's Shor ...
Tuesday, 10 March 20
CORONAVIRUS: DEMAND DOWNGRADES FOR BULK COMMODITIES - WOOD MACKENZIE
The coronavirus outbreak is a rapidly evolving news story – and a real wildcard for bulks demand. Our global experts are monitoring the impac ...
Tuesday, 10 March 20
CHINA'S COAL-RICH PROVINCE ENSURES ENERGY SUPPLY AMID EPIDEMIC - XINHUA
China’s coal-rich province of Shanxi has seen more than 500 coal mines resume production in February, which ensured energy supply amid the ou ...
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- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- The University of Queensland
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
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