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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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Wednesday, 06 March 19
SHIPPING MARKET INSIGHT - INERMODAL
In a downward moving market, softer SnP activity is usually a given, as the gap between Sellers’ and Buyers’ ideas widens, especially w ...
Saturday, 02 March 19
A 60,500-TONNER WAS BOOKED DELIVERY SINGAPORE, VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $11,250 - BALTIC BRIEFING
Capesize
Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all a ...
Thursday, 28 February 19
COAL'S PERFECT STORM HITS $70 BILLION AUSTRALIAN PROJECTS - BLOOMBERG
It’s been a tough few weeks for our coal industry.
First there was a court ruling blocking a new mine on climate change ground ...
Wednesday, 27 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
With the IMO 2020 approaching, it becomes challenging for the market to accurately explore the run-up to the deadline given that marine fuel-oil of ...
Tuesday, 26 February 19
CHINA RESTRICTS SEABORNE COAL IMPORTS - WOOD MACKENZIE
In response to news on China's Dalian port restricting seaborne coal imports, Wood Mackenzie's experts provide the following commentary.
...
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- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Planning Commission, India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- The University of Queensland
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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