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Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
Capesize
The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific market largely softened on the back of an inactive West Australian market. Charterers were usually able to achieve lower than last done, albeit with minimal trade volumes heard. Several trades on Asian vessels for Brazil rounds were heard at healthy levels, which highlighted the options owners now have to choose from. Further west, Brazil to China voyage rates initially maintained their level before being seen to soften towards the end of the week. The North Atlantic was an animal of its own, as consecutively higher fronthaul fixtures were heard throughout the week. Many of these stemmed from the Black Sea, which, while at a higher headline rate, were largely viewed lower on the case of being a shorter duration back to the East. The C5TC opened the week at $17,947 to close Friday at $19,360. The West Australian C5 market opened the week at $7.45 to close the week out at $7.205.
Panamax
It was a strong week in the Atlantic with sources commenting they had rarely seen so few available ships on early positions. The index increased over $2,500 during the week for transatlantic rounds, with a modern Kamsarmax agreeing $12,500 for a round, admittedly from a good delivery in Aughinish, via the US East Coast to Jorf Lasfar. Fronthaul rates also increased by over $1,500 on the week before, with a modern Kamsarmax fixed at $19,000 delivery Gibraltar for a long trip via the US Gulf and the Cape of Good Hope to the East. Several vessels were also fixed basis delivery dropping outward pilot station (DOP) India for trips via South America, again, with a Panamax/Kamsarmax fixed at $12,000/$13,000 respectively. There was less excitement in the East, but rates also rose with the improved market sentiment. A newbuilding Kamsarmax ex-yard was reported fixed for one year at $12,250. The same charterer was later linked to another modern Kamsarmax in direct continuation at $12,200.
Supramax/Ultramax
Positive sentiment remained across all areas as the week ended. On the period front, brokers said that a few Ultramaxes were fixed at $11,000 for four to six months Atlantic trading. The Atlantic saw gains and stronger numbers being discussed. From the East Mediterranean, a 63,000dwt vessel fixed at $19,000 with redelivery Indian Ocean. There were better levels from the US Gulf, with a 58,000dwt ship fixing for a trip to Japan at $19,000. East Coast South America was also strengthening, with Ultramaxes seeing in the $14,000s, plus $400,000s ballast bonus, for trips to Singapore-Japan. The Asian basin also gained momentum. For North Pacific round voyages, 60,000dwt vessels were seeing in the mid $8,000s. From Southeast Asia more coal was entering the market. A 56,000-tonner open Hong Kong fixed a trip via Indonesia, redelivery North China, at $8,500. Activity remained from the Indian Ocean, a 52,000dwt ship covering basis delivery for a Cape Town trip, via Saldanha Bay, to Singapore-Japan at $12,250 plus $225,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) was largely flat this week with gains mainly from the Atlantic basin. More period fixtures were reported, with two 39,000dwt ships reportedly fixing at $11,000 basis delivery Tampico and Świnoujście respectively and both redelivery within the Atlantic. A 36,000-tonner open New Orleans in early July was fixed for three to five months at $11,000, also with Atlantic redelivery. From East Coast South America, a 28,000-dwt was fixed for a trip to North Coast South America at $8,500. A large Handysize vessel, open Immingham, was fixed to the US Gulf at $8,500 for the first 40 days and $10,500 thereafter. In the East, rates were stable but not showing any further sign of improvement. A 38,000dwt ship, open spot in Hong Kong, was fixed at $9,000 basis passing Singapore for loading salt via West Australia to Japan. A 32,000dwt ship, open Portland, was booked to run via New Zealand to West Coast India at $8,000 plus a ballast bonus of $13,500.
Source: The Baltic Briefing
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Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
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Friday, 22 March 24
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Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
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Showing 1 to 5 news of total 6846 |
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- Posco Energy - South Korea
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Planning Commission, India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
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