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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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Thursday, 04 June 20
DON'T FORGET THE REAL PURPOSE OF RISK ASSESSMENTS - GARD
KNOWLEDGE TO ELEVATE
When doing a risk assessment, we often overcomplicate it and forget its real purpose.
Rather than ensuring that crew ...
Wednesday, 03 June 20
MARKET INSIGHT - INTERMODAL
Once again shipping is about to venture into uncharted waters and before the challenges of the past decade are forgotten, shipowners will have to o ...
Tuesday, 02 June 20
KOSPO LOOKING FOR 80000 MT OF 4200 NCV COAL FOR JULY
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) 4200 NCV coal for 12 - 21, July ...
Tuesday, 02 June 20
INDONESIAN COAL MINER BUMI RESOURCES Q1 OUTPUT UP 5% - REUTERS
Indonesia’s largest coal miner Bumi Resources posted a 5% increase in first-quarter output at 20.8 million tonnes, the company said in a stat ...
Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Planning Commission, India
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Australian Coal Association
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
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