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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, 09 February 18
COAL BUYERS SPOOKED BY INDONESIA'S NEW SHIPPING RULES - ASSOC
Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would ...
Thursday, 08 February 18
ENHANCED PRODUCTION BY COAL INDIA LIMITED HELPS DECLINE IN COAL IMPORTS - UNION MINISTER OF RAILWAYS AND COAL
According to press release from PIB, as per the current import policy, coal is kept under Open General License (OGL) and consumers are free to impo ...
Thursday, 08 February 18
A NEW WEEK WITH A SOFT SENTIMENT AND DECREASING RATES IN BOTH HEMISPHERE FOR THE PANAMAXES, SAYS FEARNLEYS
Supramax
USG dropping remarkably due to lack of fresh enquiry both for fhaul and bhaul, Supras were fixed from USG to Spore-Japan range now aroun ...
Wednesday, 07 February 18
INDONESIAN COAL PRICE REFERENCE RISES TO HIT THIRTEEN-MONTH HIGH OF $100.69 A TON
COALspot.com: The Indonesian Coal Price Reference (HBA) rose 5.39 per cent in February 2018, the latest ministerial decree showed.
The benchma ...
Wednesday, 07 February 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
Crude oil supply has been reported to have grown by approx. 2.5% reaching 40.1m bpd in 2017. However, tanker charter rates have been under pressure ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- White Energy Company Limited
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- The University of Queensland
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
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