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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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Friday, 08 March 19
KOMIPO INVITES BIDS FOR 2.6 MILLION TONS OF AUSTRALIAN 5700 NAR COAL FOR FIVE YEARS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Australian origin to be burnt ...
Friday, 08 March 19
CHINA'S COAL DEMAND FORECAST TO DROP SLOWLY - YONHAP
China’s coal demand is expected to fall at a snail’s pace over the next 20 years due to the country’s preference for the cheap fo ...
Thursday, 07 March 19
INDONESIAN COAL PRICE REFERENCE PLUNGE TO LOWEST IN SEVEN MONTHS
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 06 March 19
KOSPO INVITES BIDS FOR 80,000 MT OF 3800 NCV COAL FOR 21 - 30 MARCH, 2019 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 80,000 MT of min 3,800 kcal/kg NCV low calor ...
Wednesday, 06 March 19
KOREA SOUTHERN POWER CO INVITES BIDS FOR 980,000 MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
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- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
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