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Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
.jpg) Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions of the world are now under no illusions as to the severity of this crisis and are acting to mitigate amongst the daily changing circumstances. Force Majeure declarations are increasingly common, with the latest heard being at European steel mills. At the beginning of this week South Africa announced intended lockdowns on its mines. This led to a rush of fixtures on Tuesday, as West Australia to China C5 potentially became the only show in town with cargo flow. C5 traded down to a low of $4.003 this week before lifting at the end of the week to $4.223. Brazil to China business has maintained a faint heartbeat, with owners being picked off slowly at ever sharpening levels. C3 closed the week out at $9.29. The Cape 5TC closed out the week at $3,675, down -392. Next week promises to be defined as another one of uncertainty. While some industries are feeling the impact more than others, it’s imperative in these trying times we all keep calm and carry on – remotely.
Panamax
A turbulent week with Covid-19 dominating headlines. Subsequently, Force Majeure was declared in several countries and integral shipping ports, as nervousness enveloped the market. Nevertheless, bright news of soya bean meal crushing margins turning positive in China and a good volume of fresh sales were concluded ex-Brazil and USA into China as a result thereof. This translated into a positive move for the Baltic Panamax Index (BPI) route P6, with rates moving on the week. Rates for fronthaul trips, basis delivery Southeast Asia and India positions, were fixed in the $8,000’s, with one very well-described 82,000dwt vessel achieving $9,500 from Singapore. Asia was something of a two-tier market, with the North seeing improved numbers due to solid levels of North Pacific demand. A very good design 81,000dwt new building, delivery South Korea, achieved $7,750 for a North Pacific round trip, whilst Indonesia lacked volume, partly due to Force Majeure in Indian ports, which drove down coal sales.
Supramax/Ultramax
An anaemic week for the Supramax market – driven lower predominantly by the Atlantic routes, as macro concerns continued to weigh heavily on the index. On already decreasing cargo volumes, many charterers, who were not forced to comply with tight nominations, duly withdrew from the market. Meanwhile, brokers said that the tonnage count in the Atlantic continued to grow – correspondingly the offers appeared to track down. The crucial long ton-mile fronthaul routes suffered a significant amount of erosion, with the S1B Black Sea to China route losing $1,518 on the week to close at $16,782, the S1C US Gulf to China route dropping $1,867 on the week to close at $19,042, and the S5 East Coast South America to China route declining by $2,430 on the week to close the week at $9,909. Finally, the average of the timecharter routes posted losses of $1,092 to settle at $7,054 on the week. The short-term outlook remains one of further weakness.
Handysize
The consecutive positive trend since mid-February came to an end, with the overall Handysize Index (BHSI) declining from midweek. Rates from the Continent moved sharply lower, with limited cargo support, whilst some market players chose to move cargoes by using own tonnage. Volume was described to be thin in both East Coast South America and the US Gulf. This was especially the case from the second half of the week onwards, with stems reportedly being cancelled or pushed back due to delays or closure at load-ports. A 34,000dwt vessel open Rotterdam was fixed at $10,000, basis delivery Rouen, for moving grains to Algeria. A 32,000dwt ship was fixed from Southwest Pass for a trip with petcoke to Huelva in the early part of the week at $9,500. The movement in the Pacific was not significant this week, with the market showing a similar trend as the Atlantic Basin.
Source: The Baltic Briefing
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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 ...
Saturday, 21 March 20
PANAMAX: 82,000DWT SHIP AGREED $4,250 FOR A COAL TRIP VIA INDONESIA REDELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize
The Capesize market made some headway this past week despite being buffeted by the global pandemic storm. With the market in a constan ...
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Showing 1051 to 1055 news of total 6871 |
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- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
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