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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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Thursday, 16 August 18
COAL PRODUCTION AT 37.11 PERCENT OF FULL-YEAR TARGET - THE JAKARTA POST
Indonesian coal production was recorded at 180 million tons on Wednesday, or 37.11 percent of the government’s 485 million target this year.
...
Thursday, 16 August 18
OIL MARKET HIGHLIGHTS - OPEC
Crude Oil Price Movements
In July, the OPEC Reference Basket increased marginally by 5¢ m-o-m to settle at $73.27/b. Oil futures saw mixed ...
Tuesday, 14 August 18
THE CAPESIZE MARKET HAS SHOWN A TREMENDOUS COURSE DURING THE PAST 12 MONTHS - THOMAS CHASAPIS
The Capesize market has shown a tremendous course during the past 12 months, having quickly climbed out of the “hole that it had found itself ...
Monday, 13 August 18
A 50,200 DWT FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA REDELIVERY CHINA IN THE LOW $10,000S - THE BALTIC BRIEFING
Capesize
Expectations of a further push in the market were largely unfulfilled last week as rates come under pressure in Asia as the North Atla ...
Friday, 10 August 18
U.S. COAL PRODUCTION TO DECLINE BY 1.8% IN 2019 BECAUSE COAL EXPORTS AND COAL CONSUMPTION ARE BOTH FORECAST TO DECREASE - EIA
EIA forecasts U.S. coal production will decline by 1.1% to 766 million short tons (MMst) in 2018 despite a 5.7% (6 MMst) increase in coal exports.
...
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Showing 1646 to 1650 news of total 6871 |
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- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- The Treasury - Australian Government
- Eastern Energy - Thailand
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
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