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Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
.jpg) Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacific-led gains were seen early in the week. As the market drew to a close on Friday, higher Atlantic rates were being traded. Demand from all the major miners saw West Australia/China rates lift above $5.00 last week, rising to the mid-$5.00s mid-week, and over $6.00s as the week closed out. Timecharter rates rose sharply, with the Baltic Capesize Index (BCI) route C10 finishing at $8,117. A well-described 180,000-tonner fixed in the mid $10,000s. East Australian coal shipments too lent support. Transatlantic rounds traded mid $4,000s early in the week, rising to mid $6,000s as the week closed out. A well described modern Capesize, spot Gibraltar, fixed a Colombian round at $9,000. There is cautious optimism for the new week, but Brazil cargo has remained in short supply, with no end in sight to Vale’s woes. There was some limited cargo booked from Itagaui to Qingdao at $12.00 for prompt dates.
Panamax
A relatively uneventful week finished with a positive outlook. It began slowly, with rates everywhere except South America coming under pressure. Surplus tonnage in the North Atlantic coupled with dwindling fresh enquiry in the Pacific continued this week. Prompt tonnage seeking to remain in the Atlantic was forced to face Arrival Pilot Station (APS) rates, mainly from North Coast South America. Kamsarmaxes were fixed at $11,500 with no ballast bonus, but vessels willing to do trips to the East were able to fix from an active South American market. Rates rose slightly, with modern tonnage fixed in the upper $14,000s plus high $400,000s ballast bonus. Rates in the North Pacific dropped initially before recovering some ground later in the week, but mainly for the better described units, with tonnage fixing North Pacific rounds at approximately $9,500. With a change in tone on the paper market, charterers began to ask for period tonnage again, however, there were few trades evident.
Supramax
It was a flat week for the Baltic Supramax Index (BSI) with little movement. Period activity remained limited, but an Ultramax, open Japan, was fixed at $12,500 for six to eight months trading. The Atlantic market remained static, with limited fresh enquiry from the East Mediterranean-Continent areas. East Coast South America appeared more active, with better levels achieved. A 58,000dwt vessel fixed delivery for an Up River trip to the Arabian Gulf at $14,000 plus $400,000 ballast bonus. The US Gulf was finely balanced, with a 52,000-tonner fixing in the mid $10,000s for a trip with petcoke to the Mediterranean. Demand remained strong in Asia, however, tonnage availability was high, so as the week ended, rates eased. A 56,000dwt ship fixed delivery for a Singapore trip via Indonesia, redelivery China, at $10,000. Further north, an Ultramax fixed a North Pacific round, delivery Japan, in the $10,000s. The Indian Ocean saw activity, with a 57,000dwt vessel fixed delivery Damman for a trip to Kosichang at $10,750.
Handysize
Rates climbed again in both basins in the past week and the Baltic Handysize Index (BHSI) was well supported. It is now above 430, improving over 100 points since mid-February. On the period front, a 38,000dwt ship, delivery in Southwest Pass with prompt date, was booked for four to six months at $10,300, with redelivery in the Atlantic. A similar-sized vessel, also open in the US Gulf region, was booked for a grain trip to Morocco at $9,850. A 30,000-tonner was fixed for scrap cargo to the East Mediterranean at $8,000, delivery Tampa. From East Coast South America, a trip to the Mediterranean was reportedly concluded in the high $9,000s on a 32,000dwt vessel, and in the mid $8,000s for a coastal trip on a 28,000dwt vessel. A couple of fixtures were concluded in the $4,000s for a run from Iskenderun/Canakkale to Egypt. In the East, the Pacific market remained firm in general, with improved numbers discussed and fixed. A small Handysize vessel was paid $7,500 basis Indonesia delivery for moving alumina, via Australia, to Singapore-Japan range. A 38,000dwt ship open CJK was fixed at a rate in the low $9,000s for redelivery in Southeast Asia.
Source: The Baltic Briefing
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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 ...
Tuesday, 19 February 19
AUSTRALIA'S COAL FUTURE UNDER THREAT AS MORE CHANGES HIT FOSSIL FUELS GLOBALLY - ABC
Two disparate decisions from opposite corners of the world have sounded warnings for the future of Australia’s coal industry.
...
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- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
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