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Tuesday, 03 July 18
SUPRAMAX: A 56,000-DWT WAS FIXED BASIS DELIVERY SINGAPORE TRIP VIA INDONESIA, REDELIVERY CHINA, AT $12,100 - BALTIC BRIEFING
.jpg) Capesize
The market generally drifted and by mid-week dropped to what some felt was an artificially low level, only to bounce back at the end of the week to better levels as more cargo was quoting in both the Pacific and Atlantic.
Ore movements from West Australia were being fixed at around $7.20 level before dipping to $6.75 mid-week. By Thursday, Oldendorff had fixed Mingwah tonnage at $6.95 for mid-July loading and the sentiment was suggesting $7 might be breached again.
The KEPCO tender for Newcastle to Dangjin loading 16/20 July was awarded to Hyundai Glovis at $9.61.
US Steel fixed NYK tonnage for their 120,000 10% cargo from Quebec to Oita loading end July at around $32. Rates from Brazil nudged up a shade with recent fixtures like NYK’s ‘Lowlands Orchid’ (176,193 2005) loading Tubarao 20/25 July at $19.75 to Trafigura, while the ‘Ocean Confidence’ (174,332 2005 Daelim re-let) was loading 15/24 July at $19.80 to Polaris. Today there is talk of the ‘Gotia’ (178,010 2012 Phaethon re-let) fixing basis Sudeste to China with an eta of 24 July at $22.15 to Trafigura.
The Berge Weisshorn (171,995 2004) is said to have fixed trans-Atlantic business, but it is not certain whether on T/C basis or voyage, with rumours of a rate around $10.75 for Bolivar to Rotterdam being mentioned to Oldendorff.
Panamax
Finally, a week bereft of holidays and the market appeared to consolidate. The Atlantic saw more enquiry in the North for both front haul and trans-Atlantic trades, which has led to a clear out of tonnage, with rates stabilising and in some cases showing improvement. EC America was again very active and consumed a lot of ballasters. However, a weak Ultramax market has seen them take a few smaller stems, with an end July cargo from Paranagua to China fixed at $35.25 per mt this week, compared to $36.00 per mt last week. Despite this, in general, timecharter levels remained flat. The Pacific also began to turn the corner, with renewed grain enquiry in the North and more mineral business from Australia. However, the early ships continued to struggle to find cover and even the normally busy Indonesian market experienced a slower week. Owners are still being drawn to EC South America, and there was also more period interest as the paper market showed some improvement, with the next expected move likely to be up.
Supramax
With both basins struggling, it was a week full of negative sentiment. With less enquiry and longer tonnage lists, all routes lost ground. Despite the gloomy feel period activity remained. A 63,000-dwt open West Africa was covered for eight to ten months, trading at $14,000. From the East, a 60,400-dwt was reported fixed basis delivery Ganyu end of June for four to six months redelivery worldwide at $14,000.
In the Atlantic, pressure remained on rates, especially from the Eastern Mediterranean, with a ready supply of tonnage. An Ultramax was fixed at under $16,000 from here to the Far East. From the Continent, scrap continued to move, albeit with weaker rates. A 53,000-dwt was reported covered delivery Antwerp for a trip East Mediterranean at $11,900. Little activity from the US Gulf again this week, an Ultramax was linked to a front haul at close to $22,000 at the beginning of the week. From EC South America, limited activity, an Ultramax was on subjects for a trip to SE Asia at around $14,000 plus $400,000 ballast bonus.
The Asian market also lacked impetus. A 58,000-dwt was rumoured fixed basis delivery Dalian for a NoPac round redelivery Cebu at $11,350. Further south, a 56,000-dwt was fixed basis delivery Singapore trip via Indonesia, redelivery China, at $12,100. In addition, a 55,800-dwt was reported failed basis delivery Map Ta Phut, redelivery Chittagong, at $13,000. The Indian Ocean also had a lacklustre feel, but a 57,000-dwt was reported basis delivery Hazira trip via Bandar Abbas, redelivery EC India, at $15,000.
Handysize
Overall it was a dull week, with a single-digit drop for the Handysize index throughout the week. Most of the routes slipped in both the Atlantic and Pacific basin. On the period front, a 35,000-dwt 2018-built open Casablanca in early July was fixed for the balance of period for about five to seven months at a rate in the $11,000s. In the Mediterranean and the Black Sea area, a 31,000-dwt open Canakkale was failed for a trip via the Black Sea to the US Gulf at $7,500 for the first 40 days and $8,500 thereafter, and failed again for a similar run at $7,750 and $8,850 respectively. Another 33,500-dwt open Iskenderun, was later booked for this route at $6,500 for the first 40 days and $8,500 afterwards. There was also talk of a Handymax fixing at mid $12,000s for a Black Sea to Ravenna trip, whilst a 27,000-dwt open spot in Canakkale was reportedly failed on subjects for a trip to the similar redelivery at $8,000. A 35,000-dwt open Hamburg was fixed for a trip to the East Mediterranean at low $11,000. In the East, a 34,000-dwt open Cebu was fixed to run via Indonesia to Vietnam at $8,500.
Source: Baltic Briefing
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Thursday, 05 July 18
INDONESIAN COAL PRICE REFERENCE HITS 74 MONTHS HIGH OF $104.65 A TON
COALspot.com: HBA keeps rising. According to latest ministerial decree No.1892 K/30/MEM/2018 dated 2 July 2018, the Indonesian Coal Price Reference ...
Wednesday, 04 July 18
TANKER MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
2 years tanker briefing in tanker asset prices
The tanker market is undoubtedly passing one of its’ roughest times over the la ...
Tuesday, 03 July 18
COAL, THE SECOND MAIN COMMODITY FOR CAPES, HAS BEEN SHOWING A REMARKABLE RISE IN TRADE VOLUMES IN THE YEAR SO FAR - THOMAS CHASAPIS
Having reached the mid-point in the year, it seems to be a good time to summarize the overall trends noted in the Dry Bulk sector and more specific ...
Tuesday, 03 July 18
COAL OVERTAKES IRON ORE IN GOVERNMENT FORECASTS AS AUSTRALIA'S LARGEST EXPORT FOR 2018-19 - MINERALS COUNCIL OF AUSTRALIA
Coal is forecast to be Australia’s largest export earner at $58.1 billion in 2018-19 with iron ore exports forecast to earn $57.7 billion in ...
Monday, 02 July 18
THIESS SECURES NEW QCOAL NORTHERN HUB $480M CONTRACT
Thiess has been awarded a new A$480 million contract by QCoal to continue operations at the QCoal Northern Hub located in Queensland’s Bowen ...
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- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- White Energy Company Limited
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- The University of Queensland
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