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Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
.jpg) Capesize
The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week’s $11,621 and nudged to over $12,000. It then dropped to $11,705, however, by close it rallied to $11,909. West Australia to China ore run followed a similar pattern from high $6.00s, before losing 50 cents, ending the week marked around $6.50.
News was heard overnight Thursday that Brazilian miner, Vale, advised prosecutors that another dam in the State of Minas Gerais is at risk of rupturing within the following week. This prediction was based on current movements at the dam. The mine hasn’t been active since 2016, as such, iron ore market flows would not be expected to be affected. Vale has raised its level of alert for the surrounding area. While getting ahead of possible incidents with warnings and evacuations is good to hear, the market is now questioning when these dam sagas will end and business as usual can be resumed.
Panamax
A busy start to last week saw the Baltic Panamax Index (BPI) 4TC average rise steadily to over $10,000 from around $9,500 at the end of the preceding week. South America was again the main focus, with modern Kamsarmaxes now traded in excess of $16,000, plus $600,000 ballast bonus. That said, most of the reported trades had been concluded on a Dropping Outward Pilot station (DOP) basis, or, passing Singapore. A particularly well described unit achieved a high of $15,000 for the round voyage. The North Atlantic was said to be well balanced, with slight increases in transatlantic trades in line with the improved front haul rates. The Pacific market was helped greatly by South American activity, combined with a preference for trips into India. This meant rates for trades within the area jumped midweek. A lack of fresh enquiry at the end of the week had many pointing towards a correction. Nonetheless, period discussions had increased.
Supramax
The Baltic Supramax Index (BSI) started the week in upward mode, but petered out as the week closed. Limited fresh period activity surfaced, but a 52,000dwt vessel, open US Gulf, was rumoured fixed for four to six months trading, with redelivery Arabian Gulf-Japan in the $12,000s. The Atlantic saw better levels from some key areas including the US Gulf. A well described 60,000dwt ship fixing around $19,000 from here with redelivery in Japan. As the week continued, pressure was surfacing from East Coast South America, with a lack of prompt tonnage. A 53,000-tonner fixed basis delivery Up River for front haul in the high $12,000s plus high $200,000 ballast bonus. There was increased activity from the Indian Ocean, where a 63,000dwt ship fixed delivery South Africa and redelivery West Coast India at $13,400 plus $340,000 ballast bonus. Further east, it was finely balanced, with a 56,000dwt open Panjang fixing at $10,500 for a trip via Indonesia, and redelivery China, at $10,500.
Handysize
Overall, it was a week of continuous improvement in the Handysize sector. Rates started the week flat, with mixed feelings in the Atlantic basin, but the sentiment started to grow slightly more positive in the Continent-Mediterranean-Black Sea areas after the recent weeks of lower fixtures. Brokers also noticed potential signs of tightening tonnage list from East Coast South America going into next week. A 33,000-tonner open Recalada was booked for a trip to the Baltic at $8,750 early in the week. A similar-sized ship was fixed for the same delivery to Morocco at $9,000 at a later stage. On the Continent, a 38,000dwt box type was fixed from Brake to the US Gulf at $8,000. Whilst in the east, large Handysize vessels were achieving in the region of $7,000s basis Singapore delivery for round trips with Asia redelivery. It was rumoured similar levels were being fixed for China-Japan delivery and redelivery Southeast Asia.
Source: The Baltic Exchange
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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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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- PTC India Limited - India
- Bhatia International Limited - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Planning Commission, India
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- CNBM International Corporation - China
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