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Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
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The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week’s end. The BCI 5TC reduced from $11,182 at the end of the previous week to a low of $9,898 on Tuesday, but rebounded to $11,621 by Friday. Reasonable cargo volumes were reported out of West Australia to China with rates for C5 lingering around $6.50-$6.75, whilst time charter rates in the Pacific lifted from low to mid-teens level by Friday. In the Atlantic Basin sentiment was given a much needed boost mid-week, with an influx of fronthaul cargoes fixing at stronger levels. Early in the week it was heard that the Vale Brucutu mine had been ordered to close once again on the authority of a Brazilian high court ruling. The saga continues with no clear resolution date in sight. Closing Singapore iron ore week saw improved sentiment, with rates on an upward tangent.
Panamax
Last week appeared to be one of consolidation. The Atlantic in general was flat with South American front haul remaining around $15,500 plus $550,000 ballast bonus for modern Kamsarmaxes for May dates, whilst the North Continent tonnage supply appeared to tighten, although this hadn’t yet had much influence on rates. Tonnage open in the Mediterranean had fewer options as the Black Sea market remained quiet, but several modern Kamsarmaxes had been reported at $11,000 for North Coast South American grain rounds basis Gibraltar delivery, which was around $500 better than the previous week. The Pacific was very much mineral driven, with a good volume of activity from various loading areas, with coal into India again dominant. Sources suggested this was now the direction of choice, meaning rate levels to remain in the Pacific had come under a little pressure, although so far this remained very positional.
Ultramax/Supramax
On the back of better demand from some areas, the Baltic Supramax Index (BSI) made overall gains last week. Period activity however remained patchy: a 55,000dwt vessel fixing delivery Tianjin for four to seven months trading redelivery worldwide at $6,500 for the first 30 days and $9,500 thereafter. In the Atlantic, East Coast South America, the larger sizes improved. An Ultramax fixed at around $14,000 plus $400,000 for a front haul. However, smaller sizes remained flat. It was also fairly flat elsewhere: a 58,000dwt ship fixed from the US Gulf to Italy with petcoke at around $11,000-$11,500 region. From Southeast Asia the market saw better demand: a 56,000-tonner fixing delivery for a Campha trip via Vietnam, redelivery China, at $9,000, with a 57,000-tonner fixing delivery Samarinda trip to West Coast India at $8,250 plus $80,000 ballast bonus. The Indian Ocean had increased activity, with Ultramax vessel’s fixing at around $12,000 plus $200,000 ballast bonus, delivery South Africa, redelivery Far East.
Handysize
A lacklustre week on the Handysize with many brokers saying the market lacked fresh impetus. Limited period activity surfaced: a 37,000dwt ship being fixed delivery Singapore for four to six months trading redelivery worldwide in the low $8,000s, while a 37,000dwt vessel open Cristobal for four to six months, redelivery Atlantic at low-mid $9,000s. From the Atlantic some said East Coast South America struggled. A 38,000-tonner rumoured fixed delivery Plate, redelivery Peru, in the mid $13,000s. Elsewhere a 31,000dwt ship fixed from the Continent to the East Mediterranean in the low $9,000s and a 37,000dwt vessel also fixed from the Continent for a trip via the Baltic to west Africa in the mid $9,000s. Little surfaced from the Asian basin, but a 37,000-tonner open Weihai was reported being fixed for a trip with steels in the mid $5,000s, however some described this as low. Many are now looking to this week to see if improvements can be made.
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Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
Monday, 01 April 19
FORCE MAJEURE SUCCESS NOT A SEA CHANGE - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This i ...
Monday, 01 April 19
AUSTRALIAN COAL AT RISK FROM CHINA MOVE, WARNS GOVERNMENT REPORT - SYDNEY MORNING HERALD
A new government report warns China’s restrictions on coal imports is the number one risk for Australian coal this year and could lead to a s ...
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Showing 1436 to 1440 news of total 6871 |
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- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- The University of Queensland
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
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