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Monday, 21 January 19
SUPRAMAX: INDONESIAN COAL RUNS, TONNAGE WAS GIVING APS DELIVERIES AND A 57,000DWT SHIP FIXED AT $7,000 FOR A TRIP TO WEST COAST INDIA - BALTIC BRIEFING
.jpg) Capesize
A positive end to a week that saw rates on the West Australia/China run slip below $6.00, as charterers faced a plentiful supply of tonnage. Rates below $6.00 prompted resistance, and after a clear out of tonnage, rates climbed back over $6.00 finishing the week in the upper $6.00s. Timecharter rates slipped under $10,000 daily for 180,000 tonners, but recovered ground, with a 2010 vessel fixing from CJK for an east Australia/India run at $12,000 with an option of China at $13,000. Brazil/China activity fluctuated, the pace quickened as the week closed, but rates were laydays cancelling (laycan) sensitive. There was talk of tonnage fixing, with a 12-13 February position on this run at $18.00. North Atlantic trading was largely focussed on tonnage willing to breach International Navigating Limits (INL) and owners saw premiums for trading from these areas. A voyage cargo fixed from Seven Islands to China at a rate allegedly equating to between $33,000 and $34,000.
Panamax
It was a difficult week for most owners, with rates under pressure everywhere. The North Atlantic suffered from a growing tonnage profile, with ballasters also competing for business. The index fell around $1,500 daily for transatlantic rounds, with a voyage from the US Gulf to Rotterdam stem fixed at $11.70 last week compared to a similar fixture the previous week at $12.75. The fronthaul index dropped by a similar margin, although on Tuesday, rates had appeared to improve from South America. Unfortunately, this proved to be a temporary blip, with rates jumping to $14,500 plus $450,000 ballast bonus, before returning to around $13,750 plus $375,000 ballast bonus almost overnight. North Pacific grains continued to be active, but the market slipped by around $1,000 daily. However, as per the previous week, minerals demand was disappointing and Indonesia saw several vessels fixed on an Arrival Pilot Station (APS) basis, with no ballast bonus. Period interest evaporated, with a heavy decline in Forward Freight Agreement (FFA) values.
Supramax
Since the last week, the Baltic Supramax Index (BSI) has lost over 10 percent in value, with all routes losing ground, especially in the Atlantic for prompt positions, where tonnage supply outweighed demand. There was limited discussion on period activity this week, but an Ultramax open Chittagong was rumoured to have fixed an Index-linked period. The Atlantic, particularly from the US Gulf, saw dramatic falls, with Supramaxes seeing around $10,000 for transatlantic runs. East Coast South America also suffered, with Ultramaxes, open Up River, fixing in the low $12,000s plus $200,000 ballast bonus for fronthauls. The Mediterranean also lacked impetus, as a 57,000 deadweight tonne (dwt) vessel went for a run from the East Mediterranean to West Africa in the mid $8,000s. The Asian arena also struggled, but a 61,000 tonner open North China fixed for a trip via the North Pacific, redelivery Indonesia, at $10,500. For Indonesian coal runs, tonnage was giving APS deliveries and a 57,000dwt ship fixed at $7,000 for a trip to West Coast India.
Handysize
The Baltic Handysize Index (BHSI) continued to fall, with rates dropping in both basins. East Coast South America remained under pressure, with the HS3 route for 38,000 tonnes coming closer to the low recorded in early June 2018. Rates for the US Gulf also fell, as the HS4 route for 38,000 tonnes hit a new low since reporting started in March 2018. In the East, limited cargoes circulated last week for all sizes and routes. On the period front, a 37,000dwt vessel was booked from South Brazil for 12 to 14 months at $12,000, with redelivery in the Atlantic. The first leg later booked for Nueva Palmira to Kaliningrad in the mid $9,000s.
Most of the information came from East Coast South America, with a 34,000 tonner fixing coastal business at $10,000. A trip to Amsterdam, Rotterdam and Antwerp (ARA)-Ghent range paid $7,300 from Santos on a 37,000dwt vessel. In the Pacific, a 32,000dwt vessel was booked passing Busan for a coal trip via the Commonwealth of Independent States (CIS) to Korea at $4,800. A 35,000 tonner was booked from Hong Kong for a trip to the Caribbean-North Coast South America, at $3,200 for the first 68 days and $9,500 thereafter.
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Tuesday, 26 February 19
CHINA RESTRICTS SEABORNE COAL IMPORTS - WOOD MACKENZIE
In response to news on China's Dalian port restricting seaborne coal imports, Wood Mackenzie's experts provide the following commentary.
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Tuesday, 26 February 19
THE RELATIVELY DISAPPOINTING SCENE PORTRAYED IN THE DRY BULK MARKET RIGHT NOW - ALLIED SHIPBROKING
The relatively disappointing scene portrayed in the dry bulk market right now (especially in the Capesize segment) is undoubtedly one of the prevai ...
Friday, 22 February 19
AUSTRALIAN HIGH CV THERMAL COAL PRICES AT 19-MONTH LOW, BUT NOT FOR LONG - WOOD MACKENZIE
The benchmark Newcastle high energy thermal coal price has fallen from US$100/tonne at the turn of the new year to US$88/tonne. Thermal coal has be ...
Wednesday, 20 February 19
EFFECTIVE NOTICES OF ARBITRATION - AVOIDING WASTED COSTS AND A POTENTIALLY TIME-BARRED CLAIM
KNOWLEDGE TO ELEVATE
In a recent case, The Amity [2017], charterers successfully set aside an arbitration award on the basis that ow ...
Wednesday, 20 February 19
SHIPPING MARKET INSIGHT - INERMODAL
Market experts mostly agree that the recent dry bulk market downtrend was caused by seasonal slowdown amid the Chinese New Year celebrations in com ...
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- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- The University of Queensland
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
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