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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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Monday, 20 July 20
COAL INDIA LAUNCHES SPECIAL CATEGORY OF E-AUCTION FOR COAL IMPORTERS - BUSINESS STANDARD
Coal India (CIL) on Friday launched a special category of e-auction for importers of coal. This is in line with the government’s declaration ...
Monday, 20 July 20
OIL PRICE OF $40-43 PER BARREL MORE OR LESS BALANCED - NOVAK | TASS
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after t ...
Monday, 20 July 20
SUPRAMAX: A 63,000 OPEN NORTH CHINA FIXING AN AUSTRALIAN ROUND IN THE LOW $10,000S - BALTIC BRIEFING
Capesize
The capesize market showed some resistance this week to recent losses as all routes saw a small uptick in value to end the week. With ...
Friday, 17 July 20
MISC MALAYSIA ENTERS INTO PURCHASE AGREEMENTS AND TIME CHARTER PARTIES FOR SIX VLECS
MISC Berhad (MISC) has entered into Memorandum of Agreements (MOAs) with six indirect wholly-owned subsidiaries of Zhejiang Satellite Petrochem ...
Wednesday, 15 July 20
HOW MEANINGFUL ARE SOME ESTIMATES FOR INDIA’S COAL CONSUMPTION DATA? - IEEFA
In recent years, BP's estimates for India have contained what appears to be a record of over-optimistic projections
BP’s a ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Trasteel International SA, Italy
- The University of Queensland
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Marubeni Corporation - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Posco Energy - South Korea
- MS Steel International - UAE
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- White Energy Company Limited
- Energy Development Corp, Philippines
- VISA Power Limited - India
- India Bulls Power Limited - India
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