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Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
 Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close the week at $27,644. But in recent context, this cannot be considered as anything other than healthy, said Baltic Briefing in its latest report .
The Baltic Briefing further noted that, the Pacific round – and the backhaul – proved to be the biggest drivers. Both lost approximately 25 per cent on the week, although all routes posted losses – including the crucial Brazil round and north Atlantic fronthaul, which dropped 19 per cent and 13 per cent respectively on the week. Polling day in Singapore on Friday brought the week to an abrupt end, but Vale were said to be active on Thursday, being linked with a weaker C3 fixture at $18.50 basis a mid-August laycan. Nevertheless, broad sentiment remains strong. Several brokers indicated that the market had merely plateaued and was set for a renewed push next week, citing the iron ore forward curve as a pointer to China’s seemingly insatiable appetite for the material.
Panamax
According to the Baltic Briefing, a tumultuous week in the Panamax market ensured all markets gained value on the week. The Atlantic, which was the largest mover, saw rates attaining close to $3,000 overall. This was an improvement on the start of the week, with front-haul rates commanding large premiums to entice owners to consider same in consideration of losing their advantageous position for trans-Atlantic trips paying akin to $17,000. Shorter Baltic round trips were regularly fixed at $20,000 plus, whilst strong demand ex Black sea continued.
The Baltic Briefing said, charterers in one case reported placing tonnage delivery India for the same. In Asia, some genuine concerns now appear real, with new crew regulations enforced by the Australian Maritime Safety Authorities contributing to premium numbers paid to the few candidates able and confident enough to comply. But good all round demand this week has seen decent activity in the basin with circa $12,000 returning as average rates for the Kamsarmax fleet for vanilla P3A pacific rounds.
Supramax/Ultramax
BSI maintained its positive moves gaining 127 points over the week. With a lack of prompt tonnage in the Atlantic, some stronger numbers were being paid from key areas on the Ultramax vessels. From Asia the week was more staggered with less pressure from the Indian Ocean rates eased across the region.
Period activity was limited, but the Baltic Briefing said, a 63,000-dwt open far east end of August was failed for 11-13 months trading in the mid $10,000s. From east coast south America, ultraxmax vessels gained a 63,000 with eta on the coast end July was fixed in the upper $14,000s plus upper $400,000s ballast bonus. The US Gulf also saw increases and a ultramax was fixed at $18,000 for a trans Atlantic run. A short week with the holiday in Singapore on Friday slowed trading down. However, a 58,000 was reported fixed delivery South Korea for a NoPac rounds at $9,000. Elsewhere a 63,000-dwt was fixed delivery Arabian Gulf via Pakistan redelivery Bangladesh at $16,500.
Handysize
Commenting on Handy size sector, the Baltic Briefing says, the US Gulf market moved quickly this week, with decent volumes emerging – especially pet coke. Together with east coast South America, rates continued climbing which pushed the BHSI to a higher level. However, there was a bit of a division between the two basins.
Atlantic routes further improved throughout the week, but the Pacific remained slow. Brokers suggested a wider spread between owners and charterers particularly for Far East delivery vessels. Prompt tonnage supply in the East still appeared to be excessive with limited activity. On the period front this week, a 30,000-dwt open in the Continent was fixed for three to five months at $7,000. For single trip out of the US Gulf area, large Handy vessels were fixed to Brazil with clean cargo between mid $6,000s to mid $7,000s. A transatlantic run paid $9,600 for moving petcoke on an eco and well-described vessel. In the East, a 32,000-dwt delivery Vizag was fixed for a trip to Southeast Asia at $11,050.
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Monday, 29 June 20
ULTRAMAX: A 58,000 FIXING DELIVERY SINGAPORE TRIP, VIA EAST COAST INDIA, REDELIVERY CHINA IN THE LOW $12,000S - BALTIC BRIEFING
Capesize
As the halfway mark of 2020 arrives, the capesize market is making new highs for the year. From persistent lows earlier caused by a ba ...
Saturday, 27 June 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 26 June 20
WHAT TODAY'S BAILOUTS CAN DO FOR TOMORROW'S ECONOMIES - WORLD ECONOMIC FORUM
The COVID-19 crisis provides an opportunity for governments to build fairer, more sustainable and more resilient economies.
Governments a ...
Thursday, 25 June 20
ALL YOU WANT TO KNOW ABOUT COAL MINE AUCTIONS - THE HINDU BUSINESS LINE
Last week, Prime Minister Narendra Modi threw open the auction of 41 coal blocks for commercial mining. The decision, which was part of the announc ...
Wednesday, 24 June 20
MARKET INSIGHT - INTERMODAL
The World Bank estimates that the global economy will fall by 5.2% this year, underlining that the Covid-19 pandemic has had rapid and massive cons ...
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- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- PTC India Limited - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Ministry of Mines - Canada
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