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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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Wednesday, 06 February 19
THE BDI HAS EASED BACK TO 645 BP, ITS LOWEST LEVEL SINCE AUGUST 2016 - ALLIED
The dry bulk sector is in the doldrums, with most market participants seemingly left utterly perplexed, and simultaneously, in pursuit of any posit ...
Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Cany ...
Friday, 01 February 19
ULTRAMAX WAS FIXED DELIVERY KALIMANTAN, FOR TRIP TO WEST COAST INDIA AT $7,000 - BALTIC BRIEFING
Capesize
The Vale dam tragedy sparked a sharp fall in rates across all regions even where tonnage remained tight. The potential loss of product ...
Friday, 01 February 19
SEMBCORP SELECTS NORDEN FOR LONG-TERM INDIAN CONTRACT
NORDEN A/S has signed a 10-year Panamax Contract of Affreightment (COA) with Indian utility firm Sembcorp Energy India Ltd.
From 1 A ...
Tuesday, 29 January 19
HARD COAL BEARS THE BRUNT OF THE RECOMMENDATIONS OF THE COMMISSION GROWTH STRUCTURAL CHANGE AND EMPLOYMENT - VDKI
Press Release: Hard coal bears the brunt of the recommendations of the Commission Growth Structural change and employment.
In its fi ...
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- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
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