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Wednesday, 24 April 19
PANAMAX: IN THE EAST, THE MARKET MOVED SIDE-WAYS, WITH FEWER COAL CARGOES FROM INDONESIA PUTTING PRESSURE ON RATES - INTERMODAL
PanamaxSentiment in the Dry Bulk market slowly but steadily kept improving last week as Capesize rates remained in recovery mode and Panamax earnings also enjoyed a positive week said Intermodal in its latest weekly report. As a result the BDI has now moved back to end of January levels, while despite this notable improvement the fact that earnings for the big bulkers remain at below OPEX levels is still causing a lot of concern.
 
Intermodal further noted, those who are most bearish are pointing out to the fact that the upward movement of Capes is already running out of steam, which is not usually the case when the market fundamentally improves. Indeed if one looks at past patterns it is evident that following losses attributed to seasonality, Cape rates had covered the ground lost much faster, while a slower recovery with an indecisive direction of the market had been seen during times that losses were attributed to a fundamentally weaker market.

According to Intermodal, the market in the Pacific was once again the bright spot for Capes last week, while lack of a substantial amount of Brazil cargoes was still putting a lot of pressure for average earnings for the size. On the period front activity and numbers were more encouraging compared to the week prior, with even higher premiums over spot levels being paid for longer periods.

The Atlantic Panamax was overall positive, with USG and ECSA providing steady business during the week, while in the East the market moved side-ways, with fewer coal cargoes from Indonesia putting pressure on rates.

Supramax earnings moved up a bit last week mostly on the back of improvements seen out of the USG market, while numbers for both Supras and Handysizes were again weaker in the Pacific, with lack of period enquiry adding to the uninspiring market momentum. 


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Monday, 24 June 19
KOMIPO INVITED BITUMINOUS COAL BIDS FOR BORYEONG & SHIN BORYEONG POWER PLANTS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 260,000 MT MT of min. 5700 NAR coal and 240,000 MT of min. 4,600 k ...


Sunday, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
Capesize The story over the past week has been largely Atlantic dominated as the basin’s uniquely volatile characteristics came into play ...


Saturday, 22 June 19
OPEC'S BATTLE FOR CONTROL OF THE OIL MARKET - WOOD MACKENZIE
Oil supply is confounding expectations. We have just raised our forecasts for non-OPEC production, the latest in a series of incremental increases. ...


Friday, 21 June 19
INDONESIA'S BAYAN RESOURCES SIGNED A COAL SUPPLY AGREEMENT WITH THE BANGLADESH BCPCL TO SUPPLY 23 MILLION TONS OF COAL FOR 10 YEARS
On Monday, 17th June 2019, PT. Bayan Resources signed a Coal supply Agreement with the Bangladesh- China Power Company (Pvt.) Limited. BCPCL is a j ...


Thursday, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million to ...


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