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Saturday, 13 April 19
CAPESIZE: WEST AUSTRALIA TO CHINA IRON ORE CARGOES LIFTING FROM $4.60 PMT TO ABOVE $5.00 - BALTIC BRIEFING
.jpg) Capesize
The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although by Friday’s close most gains were lost, and it finished up at $5,737, a modest gain of $638. Improved sentiment stemmed from Atlantic-tightness combined with an open Colombia coal arbitrage. This in turn provided an influx of fronthaul cargo with minimal candidates, a much-needed injection in recent market times. The improved sentiment lent itself to escalations in the Pacific market. This led to West Australia to China iron ore cargoes lifting from $4.60 per metric ton (pmt) to above $5.00. The week ended on a wimper as the Pacific remained firm to holding, while the Atlantic rates and sentiment softened as the arbitrage closed. The ice premium season is also coming to an end at the beginning of May.
Panamax
An uneventful week started very slowly in the Pacific, partly due to Coaltrans in Shanghai. Despite increased activity in the second half of the week, spot rates have drifted lower. Coal into India remained the main driving force, with more grains from the North Pacific also evident, but the tonnage profile remained in Charterers favour. There has been increased period activity, with several modern Kamsarmaxes fixed for five to eight months around $11,500. Two new buildings agreed index-linked deals, with an $11,000 floor plus profit share for two years apiece. Several similar ships concluded on one year deals too and it appeared to be the same Charterers taking multiple ships in each case. In the Atlantic, fronthaul grains continued to support the market with a constant flow of fixtures being reported, although rates again softened slightly during the week. Sources suggested tonnage on the North Continent had tightened, but this hadn’t yet been reflected in reported trades.
Supramax
The Baltic Supramax Index (BSI) continued its downward trend during the week, however, some areas showed more resilience than others. Period activity remained subdued, but a 58,000dwt vessel open Dubai was fixed for a short period at $11,500. From the Atlantic the only bright area was East Coast South America, with transatlantic runs seemingly at healthier levels. A 57,000dwt ship concluded delivery Recalada trip to Algeria at $17,000. Otherwise fresh enquiry lacked impetus, especially from the Continent-Mediterranean, with 53,000-tonner fixed delivery central Mediterranean, redelivery Arabian Gulf, at $11,000. In Asia, a similar situation saw a build-up of tonnage in the north. From Southeast Asia it was finely balanced. A 56,000dwt vessel, open Singapore, fixed a trip redelivery India with sands, at $9,000s. The Indian Ocean was active, however rates remained steady. A 55,000dwt ship fixed delivery Port Elizabeth, redelivery Far East, at $11,400 plus $140,000 ballast bonus.
Handysize
A week of continuous falls in both the Atlantic and Asian markets. Negative sentiment was evident and gained pace throughout the week. A 34,000-tonner open Veracruz was fixed basis Southwest Pass for moving petcoke to Mexico at $6,500. A similar sized vessel, open Savannah, was fixed for moving grain to Ireland at $6,000 with the same delivery. From East Coast South America, a 35,000dwt ship was paid $14,000 for delivery Recalada to Australia, and a 31,000dwt vessel was booked at $10,500 from Praia Mole to Rio Grande for a coastal run. A trip from the Black Sea to Otranto paid approximately $6,000 on a 35,000dwt ship, basis delivery Canakkale, and at low $5,000s level for a trip to East Coast South America with a steel cargo on a 37,000dwt vessel. From Asia little was reported and again rates remained under negative pressure, with a lack of fresh enquiry.
Source: The Baltic Briefing
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Thursday, 19 March 20
A CRUDE TSUNAMI: UP TO 3 MILLION BPD OF EXTRA OIL CAN HIT THE MARKET FROM APRIL, MORE COMING IN MAY - RYSTAD ENERGY
The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates. Two million bpd ...
Thursday, 19 March 20
BIMCO REVISES 2020 FORECAST FOR MAIN SHIPPING MARKETS
The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the fu ...
Thursday, 19 March 20
U.S. COAL EXPORTS DECLINED IN 2019 - EIA
In 2019, U.S. coal exports declined to 93 million short tons (MMst), a 20% decrease from the previous year, according to the U.S. Energy Informatio ...
Thursday, 19 March 20
SOUTH KOREA'S KOSPO INVITED BIDS FOR MIN 3,700 OR MIN 4,200 NCV LOW CALORIFIC VALUE COAL
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO), has issued an international tender for total 160,000 MT (±10%) (80,000 x 2 Panamax) of ...
Wednesday, 18 March 20
DRY BULK: INDONESIAN COAL CARGOES PROVIDING A BIG BOOST IN THE EAST WHERE SENTIMENT FOR HANDIES ALSO STARTED IMPROVING - INTERMODAL
The BDI ended last week with small gains on the back of an encouraging number of cargoes out of key trading regions that helped sustain the reserve ...
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- Energy Development Corp, Philippines
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
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