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Tuesday, 28 August 18
SUPRAMAX: A COAL TRIP VIA INDONESIA PAID $13,500 ON A 56,000DWT TO WC INDIA - BALTIC BRIEFING
.jpg) Capesize
The Singapore holiday mid-week disrupted trading and unsettled the market, with owners losing some resilience. The market took on a late summer feel with a nearby over supply of tonnage, but many considered the ground lost would be regained. As the week closed the West Australia to China rate dropped to $9.30 from Dampier to Qingdao for 9-11 September but there were those suggesting a floor had been reached. Essentially rates were still at good numbers, with a 2001-built 172,500dwt open Fangcheng, 29-31 August, fixing for Australia at around $24,000 daily. Rates eased for cargoes from Saldanha to Qingdao with owners offering rates in the high $17.00s for 18-20 September cargoes. The Brazil to China route came under pressure with most of the major players absent from the market and rates now allegedly at little more than the mid $22.00s, shedding around $2.00 from the previous week. Vessels in ballast continued to head to Brazil, but some sources said the operators of some had cargo in hand and the list numbers available were shrinking. The North Atlantic remained very short of cargo, particularly for Trans-Atlantic rounds, with some putting the Puerto Bolivar to Rotterdam run to low $11.00. The highlight of the week remained an eco 179,000dwt, 2012-built, fixing from Yuzhny to China (three ports discharge) at $59,000 daily. Fronthaul trading has been scarce, although K-Line secured a POSCO tender to move a 150,000dwt, 10% cargo, from Port Cartier to Kwangyang at $27.23, with K-Line using in-house tonnage.
Panamax
In contrast, the Singapore holiday had very little impact on Panamax to Kamsarmax trading in a very busy week, with rates improving across the board. The North Atlantic mineral trades remained very active, particularly for coal cargoes from northern Europe to the Baltic, with tonnage tight and rates firming. A well-described 84,800dwt, 2016-built, achieved $18,500 daily from Immingham, prompt for a trip via the Baltic with Skaw-Gibraltar redelivery. The standard Trans-Atlantic rounds were less buoyant with cargoes available fewer as the week progressed. Several ships were taken on a two-laden legged basis, but the durations were not always disclosed, with rates hovering around the upper $15,000s to low $16,000s. Fronthaul included a 2017-built, 82,000dwt, fixing from Lulea for a trip via the Baltic to India, with coal via the Suez at a still hefty $30,000 daily. South America remained active this week with a clear out of cargo and ships for first half of September, with some now taking a watch and wait view. A 2012-built Kamsarmax allegedly went at $16,000 daily plus a $600,000 bonus from EC South America to the East, with several ships this week reported on a drop basis from India or SE Asia. In the East the market firmed, particularly for SE Asia with buoyant coal demand from Australia and Indonesia, helped too by South American demand absorbing tonnage. A 75,000dwt open Taiwan allegedly went over $11,000 for an Indonesia round. The pace appeared to have slowed for NoPac cargoes, but a 2013-built, Kamsarmax reportedly fixed at $14,000 daily from Zhoushan for a NoPac round journey with a grain house.
Supramax
Increased trading was evident towards the end of the week once Singapore returned to the market Thursday after the holiday. The EC South America and Black Sea remained steady, whilst the USG appeared to be edging down, especially for prompt tonnage. In the East, more Indonesian coal cargoes with end of August cancelling circulated in the market and the remaining limited tonnage helped push rates higher. Moving closer to the fourth quarter, more period fixtures were reported from both basins. A 61,000dwt open in the East Mediterranean was booked for five to seven months at $15,000 for redelivery in the Atlantic, with additional $400,000 ballast bonus, with redelivery in the Far East. Another similar-sized delivery in the same area was booked for four to six months at $14,500 for Atlantic redelivery. Two 63,000dwt open Dalian and CJK were fixed for four to seven months at $12,800 and $13,300 respectively, both for redelivery worldwide.
From the USG, rates achieved $25,000 on a Dolphin 57-type for a trip to India for moving pet-coke. Later in the week, an Ultramax was put on subjects at $22,000 from SW Pass for a Trans-Atlantic grain trip in early September. A 63,000dwt open Liverpool was booked for a trip with met-coke via Poland to Algeria at $15,000. Another similar-sized was fixed, basis Canakkale delivery via the Black Sea to the Far East at $23,000. In the Pacific, a coal trip via Indonesia paid $13,500 on a 56,000dwt to WC India, and $11,000 on a 47,000dwt to China – both basis Singapore delivery. A NoPac run was reportedly done at $12,250 on a 63,000dwt open North China for redelivery to SE Asia.
Handysize
The trend set at the beginning of the week continued with the Atlantic remaining firm, but weak in the Pacific. Brokers suggested that the current stronger rates for Supramaxes could spill over to the smaller sizes and the positive sentiment would hold for slightly longer. The Persian Gulf area was active this week with a plentiful supply of handy cargoes, but the Pacific market showed little sign of improvement. A 38,000dwt was fixed from Antwerp to the USG at $9,750, while a 38,000dwt, open in the Continent, was fixed for a 30-40 day trip via the Baltic, for redelivery W Africa at $16,000. A 35,000dwt open Greece was booked for a trip to SE Asia at $16,000. From EC South America, a 37,000dwt was fixed at $12,000 for a trip redelivery Skaw-Cape Passero range, and a 31,000dwt was booked to move logs to India at $13,500. From the Persian Gulf, a 35,000dwt was fixed for four to six months at $10,000. Another 35,000dwt was fixed from Fujairah to EC India at $8,500.
Source: Baltic Briefing
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Tuesday, 28 August 18
COURT CONCLUDES DELIVERY MADE IN ACCORDANCE WITH TERMS OF LOIS - INCE&CO
Glencore Agriculture BV v Navig8 Chemicals Pool Inc (Songa Winds) [2018] EWCA 1901 (Civ)
In this case, the Commercial Court fo ...
Tuesday, 28 August 18
SHIPPING MARKET UPDATE - GEORGE LAZARIDIS
As we edge close to the start of the Autumn Season, a period within the year that is usually characterized as the pivot point from the final quarte ...
Friday, 24 August 18
KOREAN RESTRICTIONS ON COAL SULPHUR IMPACTING HUNTER EXPORTS - THE HERALD
WARNINGS that Korean restrictions on sulphur levels in coal could hurt the Hunter industry appear to have been accurate, according to a report in t ...
Thursday, 23 August 18
RUSSIA'S MECHEL PRODUCED 9.69 MMT OF RUN-OF-MINE COAL IN 1H'2018
Mechel PAO, one of the leading Russian mining and metals companies, announces 1H2018 operational results.
Mechel PAO’s Chief E ...
Thursday, 23 August 18
SUPRAMAX: SOME FRESH COAL CARGOES APPEARED IN SE ASIA, GIVING A BIT PRESSURE ON RATES FOR END AUGUST SHIPMENTS - FEARNLEYS
Capesize
Slightly softer but generally very healthy for the big ships, with limited supply of early tonnage and positive Brazilian ore export v ...
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- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- The University of Queensland
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- VISA Power Limited - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
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