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Monday, 11 March 19
SUPRAMAX: A 61,000 DWT VESSEL WAS BOOKED SINGAPORE FOR A TRIP VIA INDONESIA TO CHINA AT $10,500 - BALTIC BRIEFING
.jpg) Capesize
A faint glimmer of hope with the suggestion the market may have finally bottomed out, with owners attempting to resist further cuts in rates on some routes. There has been a clear-out of early ships in the East, albeit at very low rates. Charterers upped their ideas, with reports of an operator fixing at $4.80 and another at the equivalent of $4.95-$5.00, basis West Australia/China. The week ended with a reasonable volume of operator cargoes and even from a couple of the miners. Timecharter rates remained very low, with a not very well described ship fixing early in the week at $1,000 for a quick round, with a maximum in the low $4,000s for longer durations. Brazil remained the talking point, with the lack of spot cargoes severely impacting trade. Eyes are pinned on Vale’s return to the market. There was some limited fixing, with an end March cargo booked from Sudeste to Qingdao at $12.00. North Atlantic rates also fell, even those ships willing to load in St. Lawrence accepting lower rates, which barely showed timecharter equivalents in the mid-teens.
Panamax
Last week the market experienced the first negative index since the beginning of February, with a continued surplus of tonnage in the North Atlantic combined with a lack of fresh enquiry in the Pacific. The slowdown in the Pacific was exacerbated by Capesize tonnage fixing some of the larger Panamax stems from both Indonesia and Australia, something not seen for a very long time. The recently active North Pacific market also came to an abrupt halt, despite a modern Kamsarmax covered at $12,000 for round at the start of the week. Talk of Force Majeure in the Mississippi due to flooding stifled trade in the Atlantic. However, fronthaul rates via South America improved, with a vessel covered at excess of $14,000 retroactive Aughinish via North Coast South America. Another vessel fixed at $14,250 plus $425,000 ballast bonus delivery East Coast South America.
Supramax
Overall, it was a firmer week for the Baltic Supramax Index (BSI). Period activity was limited, but a 60,000dwt vessel was fixed for three to five months trading delivery Fangcheng at $12,500. Stronger rates from the US Gulf for the Ultramaxes moving petcoke were evident, with a 63,000dwt ship fixing at around $19,000 for a trip to India. For prompt positions from the East Mediterranean a 56,000-tonner fixed at around $16,000 for a fronthaul. However, as the week came to a close, activity slowed. East Coast South America saw increased trading and rates improved, but little information surfaced. Mixed signals from the Asian arena, more activity was seen, but a lack of fresh cargo from Southeast Asia checked rates. A 61,000dwt vessel was booked Singapore for a trip via Indonesia to China at $10,500. Tighter tonnage availability in the Indian Ocean nudged rates, with a 57,000dwt ship fixing at $12,250 plus $225,000 ballast bonus, delivery Port Elizabeth for a trip to China.
Handysize
The Handysize sector continued to show improvement last week in active trade. Period trading included a 37,000-tonner open Lorient fixed at $10,750, with redelivery in the Atlantic. For longer duration trips, a Handysize vessel fixed for two to three laden legs from the East Mediterranean at $6,000 for the first 30 days and $9,000 thereafter for Atlantic redelivery. From East Coast South America, a trip to the Mediterranean paid $7,250 on a small Handysize vessel. A 33,000dwt ship agreed $9,250 from Recalada to Algeria, and a similar rate was reportedly fixed on a similar size from Santos to Casablanca. There was little reported from the US Gulf area, with a touch more Black Sea activity, but on voyage basis. Other trading routes included a 32,000-tonner reportedly booked for timber at $8,500 from Ghent, via the Baltic, to Egypt. A 36,000dwt vessel was fixed from Amsterdam to Turkey at $9,000. In the East, a 43,000-tonner in Japan agreed $10,000 to move petcoke, via the North Pacific, to China. A 32,000dwt ship in the same area was fixed for a trip to Singapore with slag at $7,350.
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Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
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- CNBM International Corporation - China
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- India Bulls Power Limited - India
- White Energy Company Limited
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Australian Coal Association
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
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