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Friday, 03 May 19
SUPRAMAX: WITH WIDESPREAD HOLIDAYS DURING THE WEEK, THE MARKET LACKED IMPETUS - BALTIC BRIEFING
 Capesize
The market last week was a tale of two halves, with substantial volatility. Beginning the week on a positive note the C5 West Australia to China route opened mid to low $6.00s. Pushing into the holiday on Wednesday, it rose to mid $7.00s, before crashing back down to mid $6.00s by the week’s end. Volatile swings like this are a characteristic of the market but that doesn’t make it any easier to trade. Many owners in the Pacific were seen to sit out the market by Friday, looking to the week ahead where fortunes may rebound. The Atlantic basin faired similarly throughout this rollercoaster week, trading more off sentiment than solid fundaments. In the Indian basin, trades were limited, while the East Coast of India faced disruptions and closures because of the effects of tropical cyclone ‘Fani’ bringing torrential rains and winds of up to 200 km/h.
Panamax
With further disruption due to ongoing holidays, last week was a little disjointed. However, the market generally held up rather well considering. South America continued to soak up the ballasters with rates hovering around $15,500 plus $550,000 ballast bonus for modern Kamsarmaxes. Further north tonnage supply remained well balanced, fixing at levels similar to last done. Longer grain round voyages fixed at around $10,500, with vessels ballasting from the Mediterranean, but further north ships were able to achieve around $13,500 for shorter mineral trips. The holidays appeared to have a greater impact on the Pacific market, although sources suggested there were more trades concluded quietly than was immediately apparent. The period market was active again on the back of increased FFA values, particularly index-linked trades. This included talk of a package deal of four vessels, all index-linked, for five to nine months to the same Charterer.
Ultramax/Supramax
With widespread holidays during the week, the market lacked impetus. Period activity was limited, but a 56,000dwt vessel open US Gulf was fixed for three to five months, redelivery Atlantic, at $11,000. The Atlantic remained positional, from the US Gulf a 62,000dwt ship fixed a trip delivery South West Pass, via the Panama Canal, redelivery China, in the upper $22,000s. Some negative pressure was seen from the Mediterranean for Atlantic business. A 57,000-tonner reported fixed delivery Canakkale trip to Houston with cement in the mid $4,000s. It was a flat week from East Coast South America, a 61,000dwt vessel fixed at $15,000 for a trip to the UK-Continent. The Asian basin struggled, with a 55,000dwt ship fixing delivery Hong Kong trip via Indonesia, redelivery CJK, at $8,000. From South Africa a 58,000-tonner was linked to a trip to the Far East in the low $11,000’s plus around $125,000 ballast bonus. All eyes firmly set on the week ahead to see any concrete moves.
Handysize
It was a slow week in both basins due to the public holidays in many countries on Wednesday. Brokers suggested the rates slightly recovered in the Pacific, despite the holidays, as the week closed. In the Atlantic, negative sentiment remained evident from East Coast South America, with a few vessels fixing and some saying there was a buildup of tonnage. A larger Handysize vessel from the area was rumoured to have fixed at around $11,000 for two to three laden legs with Atlantic redelivery. From the Continent a 33,000dwt vessel, 2011-built, was fixed at $10,125, basis delivery Rotterdam, for a trip with scrap to the East Mediterranean. A voyage fixture of 25,000-tonnes 10% urea from Kotka to Dakar was done in the mid $25.00s, with 6,000 tonnes load and 5,000 tonnes discharge.
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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
Sentiment in the Dry Bulk market slowly but steadily kept improving last week as Capesize rates remained in recovery mode and Panamax earnings also ...
Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...
Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
Surge in coal imports has now forced Coal India Ltd (CIL) ...
Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...
Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...
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Showing 1411 to 1415 news of total 6871 |
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- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- ASAPP Information Group - India
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