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Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
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The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East were especially busy, marking possibly the highest volume of trading out of the region this year. While Vale was heard to be present in the Brazilian trade from early on, many other traders, operators, owners and charterers were active at week’s end, pushing rates up on closing. The 5TC average opened the week at $15,007 and largely softened throughout. This was until Thursday, when the market was thought to have found a floor. Solid activity Thursday in European hours had paper markets rallying, with C3 pushing from $16.85 to $17.14. The 5TC average closed Friday at $14,203. The Pacific market saw declines throughout the week, with C5 opening at $7.732, reaching a low of $7.123, and closing out at $7.314. Constant period activity was seen this week, with rates reaching levels at mid to high teens.
Panamax
The week began with another holiday in most of Europe, a lack of transatlantic enquiry lead to rumours of some very poor voyage fixtures being concluded. Most owners turned their attention to the fronthaul market. However, by the end of the week, prompt tonnage had begun achieving better numbers within the Atlantic and the fronthaul appeared softer. South American activity continued and rates were generally steady, if a little off. With a full week for the Asian market, trade volume increased. The South was especially busy with Indonesian coal, meaning few wanted to ballast. However, as the week ended, the oversupply of tonnage saw charterers begin to cover below last done. The period market has been subdued for weeks now, but there was a rumour of a Tsuneishi newbuilding Kamsarmax covering for more than a year at something in the $13,000s, although exact details proved elusive.
Supramax
The market was largely flat at the beginning of the week due to holidays in most of the European countries on Monday. The US Gulf and East Coast South America did not show much evident improvement towards the weekend. However, rates from the Black Sea area continued the positive trend throughout. The Pacific market appeared to be quiet, with rates softening. Fixtures were reported for Indonesia loading basis delivery at loadport, whilst the Indian Ocean remained active. On the period front, a 60,000dwt vessel open North China was fixed for one year at $10,900, with redelivery worldwide. A 63,000dwt ship, open spot in Damietta, was fixed for three to five months at $11,250, with redelivery in the Atlantic.
A 56,000-tonner, open Conakry, was fixed to South Brazil at $13,250, basis North Brazil delivery. A similar-sized was paid close to $14,000 from East Coast South America to Algeria. In the East, a 63,000dwt ship, open CJK, was fixed for a steel trip, via Korea, to redeliver in the US Gulf at $3,350 for the first 60 days and $10,500 thereafter. A 58,000-tonner, open Qingdao, was booked to redeliver in East Coast India at $6,500. From the Indian Ocean, a 63,000dwt vessel was taken for moving salt to Korea at $11,500, basis Mumbai delivery, and a 55,000dwt ship was fixed for limestone cargo at $13,000 from Abu Dhabi to West Coast India.
Handysize
Despite the minor step back on Monday, the Baltic Handysize Index (BHSI) further climbed point by point. The spotlight of the week went to the US Gulf, with sources suggesting more cargoes with end June dates appearing in the Gulf area and lending support. Some brokers saw a ray of hope due to lack of tonnage, with prompt dates especially for the larger Handysized vessels. A period fixture was reported on a 37,000dwt ship, open West Africa, fixing for three to five months at $8,000, with redelivery in the Atlantic. For timecharter trips, a 37,000dwt vessel was fixed from East Coast South America to Peru at $17,500. An Imabari 28 type was fixed from the US East Coast to Rotterdam at $7,500. The Asia market remained quiet, but was described to be “crashing” with little reported.
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Wednesday, 04 December 19
FITCH RATINGS: CASH FLOW GENERATION TO SLOW DOWN FOR INDONESIAN COAL MINERS
Fitch Ratings' negative outlook on the Indonesian coal-mining sector reflects our view of weaker cash flow generation on account of declining c ...
Wednesday, 04 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the marke ...
Wednesday, 04 December 19
INDONESIA REVIEWING RULES MANDATING COAL SALES TO LOCAL BUYERS: OFFICIAL - REUTERS
Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as sup ...
Tuesday, 03 December 19
STABILITY AND COMPATIBILITY OF VERY LOW SULPHUR FUEL OILS - GARD
In order to meet increasing restrictions on the sulphur content in marine fuel as defined by MARPOL Annex VI Regulation 14.1.3, the characteristics ...
Monday, 02 December 19
COAL PRODUCTION IN INDIA UP BY 164.58 MT IN 5 YEARS - BUSINESS LINE
Raw coal production in the country has increased from 567.77 million tons (MT) in 2013-14 to 730.35 MT in 2018-19, Union Coal and Parliamentary Aff ...
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- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
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