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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, 23 March 16
THE PANAMA CANAL - WILL THE MELTING OF POLAR ICE CAPS CREATE RIVAL NAVIGATIONAL WATERWAYS THROUGH THE ARCTIC? - INTERMODAL
The Panama Canal, 102 years after its initial opening, is now about to have its expansion completed with a cost of USD5.25 Billion. It is a project ...
Tuesday, 22 March 16
FOUR NEW MARKET MEMBERS HAVE JOINED GLOBALCOAL
globalCOAL® announced yesterday that four new Market Members have joined its international trading community.
Ferrocadia DMCC is an intern ...
Monday, 21 March 16
INDONESIAN 4200 GAR COAL INDEX ROSE $0.12 OR, 0.44% WEEK OVER WEEK; INDEX CLOASED AT $27.19 A TON
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.21 percent week over week to averaging $38.90 per ton on this past Friday, ac ...
Monday, 21 March 16
THE BALTIC DRY INDEX ROSE SLIGHTLY WEEK OVER WEEK; BCI UP 11.93%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued rose this week helped by higher rates for Cape ...
Friday, 18 March 16
OUTLOOK ON GLOBAL SHIPPING SECTOR TURNS NEGATIVE AS SUPPLY-DEMAND GAP WIDENS AND EBITDA DECLINES - MOODY'S
Moody’s Investors Service (Moody’s) has changed its outlook on the global shipping sector to negative as it expects supply growth to ou ...
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Showing 2511 to 2515 news of total 6871 |
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- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
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