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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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Wednesday, 22 August 18
KOMIPO INVITES BIDS FOR 480K TONS OF BITUMINOUS COAL FOR BORYEONG POWER PLANT & SHIN BORYEONG POWER PLANTS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 480,000 mt of min. 5700 NAR coal of Australian origi ...
Wednesday, 22 August 18
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
During the most quite week of the summer period we witnessed a trade war between United States and Turkey. A battle, which started with the arrest ...
Monday, 20 August 18
SUPRAMAX: OVERALL IT WAS A POSITIVE WEEK FOR THE BSI INDEX WITH GAINS MADE - THE BALTIC BRIEFING
Capesize
A week of largely unfulfilled expectations with holidays again curbing activity. Rates remained essentially healthy, but despite bad wea ...
Friday, 17 August 18
DO ARBITRATION AGREEMENTS IN BILLS OF LADING BIND THEIR HOLDERS? - WFW
KNOWLEDGE TO ELEVATE
Bills of lading are a crucial part of the security package traditionally sought by trade finance providers.
...
Friday, 17 August 18
MALAYSIA'S MANJUNG 4 - WORLD COAL ASSOCIATION
According to the IEA’s Energy Access Outlook 2017 report, nearly all of those who gained access to electricity worldwide in the last 16 years ...
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- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
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