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Monday, 12 March 18
DRY BULK MARKET: CAPESIZE MARKET FINDS ITS FOOTING - BALTIC BRIEFING
 Capesize
Some relief for owners as the week closed out with the market finding a floor in the East. Rates on the key West Australia/China run looked close to slipping under $6.00. But after a clear-out of some early ships, and increased activity from operators and miners, there was some resistance.
Rates finished the week in the mid-$6.00s, although one of the miners secured tonnage at $6.35. Time charter trading was sluggish, with rates losing ground over the week but still hovering in the teens for round voyages. An active Brazilian market was needed for any sustained recovery. But activity here was limited. Vale has yet to feature significantly in the market, with activity left to operators; the rate to China is now around the low-mid $15.00s. It was a discouraging week for owners with ships in the North Atlantic, where a build-up of tonnage and limited cargo saw rates barely holding at $7.00.
Puerto Bolivar/Rotterdam cargoes with time charter rates neared $8,000 daily, but there was a voyage cargo fixed from Seven Islands to Turkey, that allegedly showed $10,000 daily for a BCI type vessel Cape Passero delivery and redelivery. There have been some new cargoes, but there remained some early ships still to be fixed. Despite a fragile spot market, charterers continued to look for, and book, period tonnage for periods up to a year. Ships were still able to secure rates of around $20,000 daily, depending on description.
Panamax
Both the short period and one-year period markets remained active. But while rates were largely unchanged from the end of last week, improved spot rates and a firmer paper market prompted increased activity. A 12-year old 77,000 tonner, fixed from Busan for five to seven months, at a healthy $14,750 daily.
The week began slowly as usual before activity peaked midweek with healthy fixture volume seen in both basins. Short mineral trades from the Baltic to the Mediterranean reached in excess of $16,000. There was also support from transatlantic grains, in addition to renewed fixing for US Gulf front haul grains. South America activity dipped briefly, but increased cargoes for March and April saw rates steady, with an overaged 75,000-tonner for 18 -20 March delivery on the east coast fixed at $15,000 daily and a $500,000 bonus. A 2007 built 77,000-tonner open east coast India, achieved $14,500 daily for a trip via the east coast of South America to the East. In the East, increased grain demand from NoPac boosted rates, with a 2007-built, 75,000-tonner, fixing from Rizhao, for a round at $14,500 daily.
Supramax
The market saw some positive gains this week, certainly in Asia. Strong numbers were talked about for NoPac rounds, where brokers said rates in excess of $10,000 daily could be achieved on good vessels. Coal demand boosted activity in the Indian Ocean. On the period front, charterers remained active, with a 60,000-dwt, open Haldia, fixed for three to six months trading at $13,000 daily, and a 64,000-dwt, open south China, at $14,000 daily for 12 months.
In the Atlantic, there was still activity from the US Gulf. The east coast South American market remained flat with little reported. In the Mediterranean, a 56,000-dwt was fixed, delivery Canakkale via the Black Sea, for a trip to the Egyptian Mediterranean, at $11,000 daily. Off the Continent, a 58,000-dwt was fixed for a scrap run, via Klaipeda redelivery east Mediterranean, at around $17,000 daily.
The Asian market remained active. A 61,000-dwt was reported fixed basis delivery Shanghai prompt for a trip via Indonesia redelivery west coast India, at $11,000 daily. Furthermore, a 56,000-dwt was booked delivery Singapore, for a trip via Indonesia, redelivery South China, at $15,000 daily. Demand was brisk from South Africa, with a 60,300-dwt fixed delivery Richards Bay, for a trip with coal to the Arabian Gulf-west coast India range, at $13,000 daily, plus $300,000 ballast bonus. A 58,000-dwt was booked delivery, Port Elizabeth trip to the Far East, at $13,000 daily, plus $300,000 ballast bonus. Further north, a 57,000-dwt agreed $13,500 daily for a trip from Paradip to China.
Handysize
The US Gulf remained firm, while rates for the rest of the Atlantic market largely flattened. The Pacific basin stayed firm throughout the week, with rates continuing to improve: a tight tonnage list was reported Japan-Singapore range. On the period front, a 38,000-dwt vessel was reportedly fixed for about five to eight months trading at $10,500 daily basis delivery in Singapore and worldwide redelivery.
A 34,000-dwt open Barranquilla was booked for a trip to the Black Sea with met coke at $15,000 daily. While a 33,000-dwt open Rotterdam was fixed for grain cargo to West Africa at $13,250 daily, a trip for loading logs from West Africa to China paid $12,000 daily on a 28,000-dwt. In the East, a 28,000-dwt open South Korea was fixed for gypsum to the Philippines at $10,000 daily. Larger-sized vessels, delivery in the Far East, were paid over $10,000 per day. The same level was seen from Southeast Asia to the Singapore-Japan range.
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Wednesday, 14 March 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
Interest in second hand tonnage remains firm with buyers in the dry bulk sector looking to benefit from rising freight rates that are eventually ex ...
Monday, 12 March 18
COAL OUTPUT FROM PRIVATE MINERS UNLIKELY TO RISE IN MEDIUM TERM: ICRA
Coal output levels from private commercial miners are unlikely to go up considerably in the medium to short term, given the issues related to land ...
Saturday, 10 March 18
ENHANCED PRODUCTION BY COAL INDIA HELPS DECLINE IN COAL IMPORTS
As per the current import policy, coal is kept under Open General License (OGL) and consumers are free to import coal from the source of their choi ...
Saturday, 10 March 18
THE 'RENOS' - COURT OF APPEAL CLARIFIES CTL CALCULATION AND RIGHT OF ABANDONMENT - CLYDE & CO
KNOWLEDGE TO ELEVATE
In the matter of the “RENOS”, Mr Justice Knowles addressed a number of issues, at first instance, regarding t ...
Friday, 09 March 18
THE WORLD CANNOT KEEP IGNORING THE ASIAN COAL STORY - BENJAMIN SPORTON
There were significant changes in the global energy system in 2017, including the growth in electric vehicles, the rise of renewables and the conti ...
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Showing 1776 to 1780 news of total 6871 |
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- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
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