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Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
.jpg) Capesize
The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw a week on week lift of $7,084 to settle at $26,444. As usual, this volatile rise was initially Atlantic Basin lead. Black Sea iron ore fronthaul cargoes supplied the sparking tinder, which took a toll on the already sparse Atlantic tonnage supply. Higher transatlantic rates ensued. The Brazil to China C3 route supplied a timely and healthy amount of cargoes to aggravate the tonnage imbalance. The Pacific Basin showed more of a steady hand in gains early in the week before going full in on Thursday, with an action packed day of fixing. This was particularly evident on the West Australia to China C5 route late into the Singaporean evening. C5 opened the week at $7.205 to close at $9.159. The slightly backward forward curve on the derivatives market is a telling sign of the markets uncertainty in this lift being sustainable. However, for now, the Atlantic remains very tight on tonnage.
Panamax
Most of the excitement emanated from the Atlantic again last week. The continued lack of early tonnage had a profound effect on rates, with transatlantic rates jumping by more than $5,000 and the weighted average up by around $3,000. A Panamax fixed from the Continent for a trip via Murmansk to Jorf Lasfar at $22,000, leading many to complain the index remained under-marked. Fronthaul trades from the North Atlantic also increased, adding fuel to the fire. However, at the end of the week several vessels reportedly failed on Black Sea cargoes. The Pacific market rose steadily throughout the week buoyed by the skyrocketing Atlantic market. Several vessels fixed for US Gulf rounds, again at a premium to Pacific rounds, which improved to very high $12,000s for well described Kamsarmaxes. This was despite a seemingly plentiful tonnage supply. Several period fixtures were reported due to increased paper values, with many of the ships taken basis Atlantic delivery due to the rising spot prices.
Supramax/Ultramax
It was a stronger week again for the Baltic Supramax Index (BSI), mainly due to increased pressure from key areas within the Atlantic. Period activity remained, a 52,000dwt ship, open East Mediterranean, fixing in the upper $11,000s for two to four months trading. Key areas of interest were the US Gulf and Mediterranean, which saw jumps throughout the week. An Ultramax covered a trip to the Continent at around $20,000, while a 58,000dwt vessel fixed at $22,500 for a grain’s run to Japan with delivery Houston. Likewise, from the Mediterranean a lack of fresh tonnage saw an Ultramax being fixed in the $13,000s delivery West Coast India trip via Black Sea redelivery Southeast Asia. From Asia, it was a different story, with a lack of fresh enquiry from the north. A 52,000-tonner open CJK fixed for a trip via Indonesia with redelivery China at $6,100. Backhauls from the area to the Mediterranean were being concluded in the low $3,000s and a split rate.
Handysize
The Baltic Handysize Index (BHSI) had a minor decline when the week first started, but soon returned to positive territory, the US Gulf and East Coast South America lending support. More period fixtures were reported from the area, with large handysize vessels fixing in the mid $12,000s from Santos. Mid-sized vessels were fixing in the high $10,000s, basis Recalada, both for three to five months with redelivery within the Atlantic. A 33,000dwt ship open in the US Gulf mid-July was fixed for two to three laden legs redelivery Atlantic at $10,500. Brokers suggested East Coast South America firmed, with more demand to West Coast South America in particular. Fixtures were reportedly done from $15,000 to $17,000 depending on the size of the ship and the load/discharge. From North Brazil, a 32,000dwt vessel was fixed to the Mediterranean at $10,500. From the US Gulf, a 39,000-tonner was booked for a petcoke stem to Lebanon at $16,000. Rates remained soft in the East. A trip from South Korea to Southeast Asia paid $6,000 and low $5,000s on a small handysize from Malaysia for a quick trip to the Philippines.
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Wednesday, 13 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
If there is one word that can describe the current shipping environment then that this word is most probably “volatility.” The sentimen ...
Saturday, 09 February 19
SUPRAMAX: A 63,000-TONNER WAS REPORTED FIXED DELIVERY FOR AN EAST KALIMANTAN TRIP, REDELIVERY WEST COAST INDIA, AT $9,250 - THE BALTIC BRIEFING
Cape
The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in ...
Friday, 08 February 19
LOWER-QUALITY INDONESIA EXPORTS ROSE 39 MT IN 2018 YOY PRIMARILY IN RESPONSE TO INCREASED DEMAND FROM CHINA AND INDIA - PEABODY
"Underlying seaborne met and thermal coal conditions remain quite positive and the pace of U.S. coal-fueled power plant retirements is expecte ...
Thursday, 07 February 19
QATAR CAN GAIN FROM DECLINING COAL - THE PENINSULA
With North America and Europe closing down their old coal and nuclear plants, major gas exporters like Qatar can and should gain market share. With ...
Wednesday, 06 February 19
FEBRUARY 2019 INDONESIA'S COAL REFERENCE PRICE FELL 8.83 PERCENT YOY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
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- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Australian Coal Association
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Economic Council, Georgia
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
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