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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 February 19
THE BDI HAS EASED BACK TO 645 BP, ITS LOWEST LEVEL SINCE AUGUST 2016 - ALLIED
The dry bulk sector is in the doldrums, with most market participants seemingly left utterly perplexed, and simultaneously, in pursuit of any posit ...
Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Cany ...
Friday, 01 February 19
ULTRAMAX WAS FIXED DELIVERY KALIMANTAN, FOR TRIP TO WEST COAST INDIA AT $7,000 - BALTIC BRIEFING
Capesize
The Vale dam tragedy sparked a sharp fall in rates across all regions even where tonnage remained tight. The potential loss of product ...
Friday, 01 February 19
SEMBCORP SELECTS NORDEN FOR LONG-TERM INDIAN CONTRACT
NORDEN A/S has signed a 10-year Panamax Contract of Affreightment (COA) with Indian utility firm Sembcorp Energy India Ltd.
From 1 A ...
Tuesday, 29 January 19
HARD COAL BEARS THE BRUNT OF THE RECOMMENDATIONS OF THE COMMISSION GROWTH STRUCTURAL CHANGE AND EMPLOYMENT - VDKI
Press Release: Hard coal bears the brunt of the recommendations of the Commission Growth Structural change and employment.
In its fi ...
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- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Latin American Coal - Colombia
- PTC India Limited - India
- The University of Queensland
- Tata Chemicals Ltd - India
- Australian Coal Association
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
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