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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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- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Planning Commission, India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
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