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Monday, 12 February 18
PANAMAX: WITH LIMITED FRESH ENQUIRY IN ALL AREAS, SPOT MARKET RATES DRIFTED LOWER THROUGHOUT THE WEEK - BALTIC BRIEFING
.jpg) Capesize
A switch to the Atlantic with rates firming as charterers seemed keen to fix and tonnage was tight, prompting a recovery in rates. Transatlantic coal runs were paying near the mid-teens for standard capes with rates tipping over US$9.00 for the Colombia/Continent coal run. Charterers with INL breach cargoes had to pay a hefty premium with a cargo booked from Port Cartier to Rotterdam at US$9.30. Brazil/China activity also increased, absorbing the ballasters with a 10-19 March 170,000-tonne 10% cargo fixed from Tubarao to Qingdao at US$16.75. In the east, miners were slow to show their hands but Rio Tinto continued to absorb tonnage fixing in the mid-US$6.00s with rates largely flat but there was talk as the week closed out that an operator fixed an end February cargo at US$6.80 but this was denied. Timecharter rates improved slowly with well-described 180,000 tonners open mid-China fixing around US$14,500 daily. Period interest was maintained with sentiment seemingly still positive going forward.
Panamax
With limited fresh enquiry in all areas, spot market rates drifted lower throughout the week. Conversely period rates remained strong with a modern kamsarmax open South China fixed for five to seven months at US$14,000, with ongoing interest from charterers to take forward cover despite the nearby market being fragile leaving the gap between spot and period unusually wide. In the Pacific, the smaller sizes came under the most pressure and hopes of a pre Chinese New Year rush failed to materialize with only Indonesia seeing a good volume of fixing. Owners also began to concede lower levels as the east coast South America market looked less attractive, with the large number of ballasters beginning to impact on rates there and fixing now predominantly on an aps basis. The Atlantic market remained relatively slow all week, again early vessels struggled to cover with little fresh business appearing. Last Monday, a modern 78,000-dwt vessel was reported on subjects at US$11,750 for an Atlantic round voyage but subsequently failed, only to re-fix towards the end of the week at around US$9,500 to US$9,750 for similar business.
Supramax
With the run up to the Chinese New Year celebrations, the past few days have seen routes across the board losing ground. Very little period activity was reported but a 63,300-dwt was fixed basis delivery Singapore four to six months trading redelivery worldwide at US$12,250 daily.
The Atlantic struggled in many areas and brokers advised that a build-up of tonnage from east coast South America and little fresh enquiry from US Gulf lead to a fall in rates. A 58,000-dwt was reported fixed delivery South West Pass for a trip to the Mediterranean at US$18,000 and later in the week an ultramax was reported to have fixed at similar levels again for a trip to the Mediterranean. Very little was seen from the Continent although a 63,000 was fixed for a scrap run to Turkey at US$12,000.
The Asia market also saw a sluggish week. A 52,000-dwt was fixed basis delivery Hibikinada for a trip to west coast India at US$6,500. A 58,000-dwt went for delivery Cebu for a trip via Indonesia redelivery India at US$11,250. A 56,700-dwt open Singapore 10 Feb was booked for a trip via Indonesia redelivery south China US$9,500. It remains to be seen what further impact of the Chinese festivities will have on the market.
Handysize
In the last week before the Chinese New Year the market tended to slow as expected. Brokers suggested there had been a lack of fresh cargo in both the Atlantic and Pacific market with negative sentiment on both small and large-sized handy vessels. Period fixtures reported from the east remained sketchy, including a two laden leg trip paying US$9,000 daily on a 33,000-dwt basis Zhoushan delivery and worldwide redelivery.
A 32,000-dwt open Rotterdam was booked to move scrap cargo to the east Mediterranean at US$8,000 daily. Another similar-sized open Canakkale was fixed for a trip to the Continent-ARA-Ghent range at approximately UUS$8,000 daily. Steel trips paid US$7,000 to US$8,000 daily on vessels open CJK to redeliver in Southeast Asia.
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Wednesday, 14 February 18
HISTORY REPEATING ITSELF? - IEA
This month’s OMR is abbreviated to allow time for us to complete our annual five-year outlook that will be published in our report Oil 2018 o ...
Wednesday, 14 February 18
SHIPPING MARKET INSIGHT - NASSOS SOULAKIS
The second month of the year is traditionally a particularly interesting one for the shipping industry as a whole and even more importantly for the ...
Monday, 12 February 18
WORLDWIDE: 'DEMURRAGE CLAIMS' FOR THE PURPOSES OF DOCUMENTARY TIME BARS
KNOWLEDGE TO ELEVATE
On 2 February 2018 the Commercial Court allowed an appeal from a decision of the Arbitration Tribunal in Lukoil Asia Paci ...
Saturday, 10 February 18
COAL INDIA ON PATH OF SUSTAINABLE PRODUCTION GROWTH AND SUPPLY TO POWER AND NON POWER SECTOR - PIB
Supply of 371.8 MT of Coal to Power Sector and 103.1 MT Coal to Non-Power Sector Achieved in 2017-18 Till January,2018 Average Rake Loading To The ...
Saturday, 10 February 18
OIL PRICE USD 100/BARREL BY END OF 2018! - SAROJ MOHAPATRA
All demand supplies calculations are going wrong in oil market at present. US production is increasing at a good pace and set to topple Saudi comfo ...
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Showing 1806 to 1810 news of total 6871 |
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- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
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