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Monday, 06 July 20
SUPRAMAX: A 58,000-DWT FIXING DELIVERY VIETNAM TRIP VIA INDONESIA RE-DELIVERY WEST INDIA IN THE LOW $4,000S
 Capesize
The Capesize market continues to go from strength to strength, as rates reach highs not seen since September last year. The rally is predominately off the back of the Atlantic Basin crying out for more tonnage, the Baltic Briefing reported in its latest weekly report.
Atlantic charterers from Eastern Canada and Norway are seen to be paying large voyage rates to deliver their iron ore product to China. Iron ore prices have come off recent highs, yet the levels still remain a bonus for miners looking to take advantage – freight costs are an after-thought. The Baltic Briefing further noted that, the Atlantic Basin Transatlantic C8 broke through the $30,000 level with ease, settling the week at $36,225. The Pacific Basin C10 had more of a struggle in gaining ground with a lull midweek, before closing Friday at $33,529. Voyage routes all posted gains – although price discovery was difficult across the board with rumour and speculation playing a big roll. The West Australia to China C5 gained exactly $1 to settle at $10.723 while the Brazil to China C3 dipped for most of the week before lifting Friday up $0.83 cents to settle at $20.75.
Panamax
Commenting on Panamax sector, the Baltic Briefing noted that, the Panamax market initially appeared sluggish with rates in Asia slowly falling throughout the week. In contrast, the Atlantic – and in particular the north – held firm for the most part. By midweek it saw some significant pick-up in activity from South America, which sustained as the week ended.
The Baltic Briefing further said in its latest report that, with talk of a healthy grain crop to come from the Black Sea for the second half of July and August, this appeared to support the market in many areas. And, with a large push from FFA’s and Capesize rises on Thursday, sentiment quickly turned positive. Trans-Atlantic rates for index duration picked up from mid $12,000’s to $13,000 by the end of the week. Meanwhile, the quicker Baltic round trips to Med/Continent featured at around the $15,000 mark. In Asia, despite a lack of fixing volume, mean rates for NoPac rounds for 82,000dwt pegged at approximately $9,500 levels.
Supramax/Ultramax
The overall market was split between the basins with the Atlantic gaining momentum, whilst Asia and the Indian Ocean dampened said the Baltic Briefing. Little in the way of period activity surfaced – but a 56,000-dwt open Fujairah fixed four to six months, trading in the mid $12,000s. As the week ended, stronger rates were seen in the Mediterranean and Black Sea areas. A 63,000-dwt fixing in the upper $16,000s basis delivery Canakkale for a trip far east.
According to the Baltic Briefing, brokers also commented that from the US Gulf, Ultramax size vessels were seeing around $15,000 for trans Atlantic runs. Demand in the Indian Ocean weakened a little. However, a 55,000-dwt fixed delivery Singapore trip – via east coast India – redelivery China at $9,000. Rates for Indonesian coal runs were also lower than of late. A 58,000-dwt fixing delivery Vietnam trip via Indonesia redelivery west India in the low $4,000s. Further north a 57,000-dwt fixed delivery CJK trip redelivery west coast India at $3,000.
Handysize
The BHSI climbed above 400 points this week, which was last seen during end March this year. East coast South America was the brightest spark. The HS3 route for transatlantic run achieved a $10,000 benchmark basis for a Baltic 38,000-dwt vessel. However, the Baltic Briefing said, signs of softening showed in the east, whilst some Pacific route indices started declining. On the period front, a 37,000-dwt open Hamriya next week was fixed at $11,750 with redelivery in Persian Gulf / China range – but the duration was not clear.
According to the Baltic Briefing, a 34,000-dwt open Canakkale in mid-July was fixed for a trip via the Black Sea to Southeast Asia at $11,500. Meanwhile, a 28,000-dwt was booked for two laden legs Brazil coastal run at $8,750, basis Praia Mole delivery and Paranagua-Rio Grande range for redelivery. Lastly, a 32,000-dwt open New Zealand was fixed for moving logs back to Singapore-Japan at $7,500.
A similar-sized open in Vietnam was fixed to Bangladesh at $6,750 and another Handy open CJK was fixed via CIS to China at $6,300.
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Wednesday, 19 August 20
COAL INDIA TRADE UNIONS DEFER DAY-LONG STRIKE: PTI
The unions had decided to go on strike against the commercial mining and the proposed divestment or buyback of shares of Coal India Ltd (CIL).
...
Wednesday, 19 August 20
MISC MARKS ITS MAIDEN FORAY INTO MAJOR DEEP-WATER PROJECT IN LATIN AMERICA WITH MERO 3 FPSO
MISC Berhad (MISC) is pleased to announce its acceptance of Letter of Intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) for the provisi ...
Wednesday, 19 August 20
MARKET INSIGHT - GEORGE LAIOS | INTERMODAL
Since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their ec ...
Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
Accordi ...
Wednesday, 19 August 20
COAL PRICES TO REMAIN SUBDUED THIS FISCAL AMID WEAK DEMAND, HIGH INVENTORY - THE HINDU BUSINESS LINE
Coal offtake is improving gradually as lockdown eases
Coal prices are expected to remain subdued to weak demand and high inventory l ...
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Showing 826 to 830 news of total 6871 |
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- Minerals Council of Australia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Planning Commission, India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
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