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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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- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
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