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Saturday, 09 February 19
SUPRAMAX: A 63,000-TONNER WAS REPORTED FIXED DELIVERY FOR AN EAST KALIMANTAN TRIP, REDELIVERY WEST COAST INDIA, AT $9,250 - THE BALTIC BRIEFING
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The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in rates. The miners have largely been absent from the market, with just a handful of others there with cargoes to move, and rates are expected to slip under $13.00 for first half March positions. Ballasters heading to Brazil eyed South Africa as an alternative and there too rates were slashed, falling below $9.50 with a 4-9 March 170,000-tonne 10% cargo fixed at this rate from Saldanha to Qingdao, said the Baltic briefing in its latest report.
the Baltic briefing further noted, these ballasters also put pressure on the North Atlantic market, with some allegedly looking at Colombia destinations in addition to West Africa. Fronthaul activity was slow and even rates for cargoes breaching international navigating limits (INL) dropped sharply, with a Seven Islands/Oita cargo booked in the mid-high $19.00s. In addition, the Lunar New Year holidays continued to hamper trading, although West Australia/Qingdao rates steadied around $4.90 for 20 February onwards. Timecharter trading was negligible, however, earlier in the week a well described 180,000-tonner went at $10,000 for an Australian round, but lesser vessels were likely to see several thousand less as the week closed out.
Panamax
Commenting on Pamamax, the Baltic briefing says, a disrupted week with holidays in the East, but surprisingly the Pacific market looked slightly improved last week. The North Pacific was active, with vessels fixing a little above last done in the $6,000s and even $7,000 for round voyages, a coal tender from Australia to India was awarded at $13.25, when a similar cargo on 28 January was concluded at $12.05. Richards Bay was also busy with multiple stems fixed into India, which may help the South American market, having been flat last week. Further north, a healthy tonnage supply meant charterers were able to cover on voyage at levels close to zero return on a timecharter equivalent. Brokers commented there had been period interest, although few owners had been willing to commit at current levels.
Supramax
With widespread holidays in Asia last week, activity remained very slow in the beginning, but picked up as the week came to a close. The Baltic Supramax Index (BSI) again saw losses, but once more, these were less dramatic as the week progressed, with keys areas showing resistance. Limited period activity surfaced with a 61,000dwt vessel reported fixed for one year delivery Far East, end February-early March, at $10,500. From key areas such as East Coast South America, rates remained under pressure, with prompt vessels remaining open but a 55,000-tonner fixed delivery Brazil trip, redelivery China, at around $8,000 plus $80,000 ballast bonus. For transatlantic runs, a 57,900dwt vessel was fixed delivery Up River trip to Spain at $5,500. The East Mediterranean also struggled, as a 60,500dwt ship agreed delivery Canakkale trip, redelivery US East Coast, at $3,500. Limited action surfaced from Asia, but a 63,000-tonner was reported fixed delivery for an East Kalimantan trip, redelivery West Coast India, at $9,250, said the Baltic briefing.
Handysize
According to the Baltic briefing , the market in the East was largely closed in the first half of the week, with the Chinese New Year celebrations ongoing, while the Atlantic basin continued softening. However, more new orders appeared from East Coast South America and the US Gulf towards the weekend, and the market finally saw a ray of hope after the past few weeks of falling rates. There was ground for optimism on some of the Atlantic routes, whilst the Pacific market was expected to be fully up and running this week.
From the US Gulf, a 33,000-tonner was booked for a trip to West Coast Central America at approximately $8,000. Another similar-sized open spot in the Caribbean was fixed for a trip from Southwest Pass to the Continent at around $5,000, with dates from mid-February onwards. A 37,000dwt vessel fixed basis Panama USA for a trip to the UK-Denmark-Continent at $5,000. On the voyage front, two coal stems of 38,000-tonnes 10% coal each both from Beira to Visakhapatnam-Paradip range were fixed at $18.40 and $19.70.
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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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Showing 1461 to 1465 news of total 6871 |
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- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Australian Coal Association
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
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