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Sunday, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
.jpg) Capesize
The story over the past week has been largely Atlantic dominated as the basin’s uniquely volatile characteristics came into play. Starved of tonnage for most of the year, the Atlantic basin has encountered growing demand from Brazil to China which is primarily serviced by the ballaster fleet. Those vessels in the Atlantic already have been steadily picked off for longer north Atlantic fronthauls, exacerbating the fundamentals situation. The addition of a small uptick in transatlantic business has ignited the market. Meanwhile the Pacific reached heights earlier in the week on West Australia to China C5 route of $8.00, closing the week trading last at $7.40 and looks to be steady there. With a charging Atlantic market those vessels looking to make a choice on their next business will increasingly favour the West which will likely trigger a response from the East. The C5TC market opened Monday at $14,203 and closed Friday at $17,947.
Panamax
Rates everywhere slipped throughout last week. Initially transatlantic rates held firm due to limited available tonnage, however enquiry was also thin and the recently active North coast South American front haul market had slowed, giving north Atlantic tonnage fewer options. The South American market was hit much harder with pressure on first half June positions seeing rates tumble to around $14,500 plus $450,000 ballast bonus for modern Kamsarmaxes. This compares to around $15,500 plus $550,000 ballast bonus the previous week, as the dwindling cargo volume took effect. In the East the Indonesian market was very busy to various destinations. However, there was limited support from Australasia or NoPac, meaning a steady decline in levels fixed with brokers commenting on a wide bid/offer spread all week apart from prompt positions. There were few period discussions, although a Panamax in North China agreed $11,250 for four to six months with a Japanese charterer.
Supramax
The BSI has been climbing since last Thursday and gradually back to the level last seen in early June. The Mediterranean market showed signs of improvement with more positive sentiment. However some ships were ballasting from west Mediterranean to north Brazil. Rates started to ease in east coast South America with Ultramax vessels fixing around $14,000 plus a ballast bonus of $400,000 or lower for a trip to the Far East. The US Gulf area was quiet at the beginning of the week, but with the tonnage list tightening and fair amount of cargoes circulating with end June dates, Ultramax vessels were reportedly fixed at $15,000 for a trip from Southwest Pass to Morocco or $19,500 for a trip to China. In the East, the market remained active with coal stems from Indonesia lending support. A 56,000-dwt was fixed from Indonesia to Vietnam at $10,000 and a 50,000-dwt was fixed to China at $8,000 basis Singapore delivery. A couple of short period fixtures were also reported with an Oshima 62 type new building fixing from shipyard in Japan for seven to nine months at $11,750 with redelivery worldwide.
Handysize
The highlight of the week went to the US Gulf with strong rates reported especially on the bigger-sized Handy vessels. The Gulf route index moved sharply higher with little tonnage being able to make the charterers’ cancelling date by end June, and the difference between the 38,000-dwt and the 28,000-dwt was evident and tiered. A 37,000-dwt was fixed at $13,750 from Mexico for inter-Caribbean business, and a 38,000-dwt open Houston was fixed for grain to Mexico at $12,000. A trip from Canakkale via the Black Sea paid $6,500 on a 33,000-dwt to Israel and $5,250 on a 37,000-dwt to Italy. In the Pacific, there was little reported with no sign of recovery. A 29,000-dwt open Thailand was fixed for moving sugar to Japan at $6,000.
Source: The Baltic Briefing
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Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...
Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...
Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize
The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence ...
Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...
Friday, 18 October 19
SHORT TERM STRENGTH FOR OZ COMMODITIES - BALTIC BRIEFING
Volatility in the global commodity markets is not expected to unduly rattle Australia’s commodity outlook through 2020, but the 2021 picture ...
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- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Economic Council, Georgia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
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