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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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Tuesday, 10 July 18
SHIPPING MARKET ANALYSIS - GEORGE LAZARIDIS
The trade dispute saga continued over the past week, as new tariffs were put into force on Friday in both the U.S. and China and have already taken ...
Tuesday, 10 July 18
SUPPORTING SULPHUR 2020 CONSISTENT IMPLEMENTATION - IMO
An IMO working group is meeting (9-13 July) to develop guidelines to support the consistent implementation of the 0.50% limit for the sulphur conte ...
Monday, 09 July 18
RISING COAL PRICES LIFTING AUSTRALIA'S EXPORT REVENUES BUT INVESTORS STAYING AWAY - NEWCASTLE HERALD
Newcastle coal prices have risen more than 40 per cent in a year to be at their highest levels for seven years but the industry is becoming increas ...
Saturday, 07 July 18
SUPRAMAX: THE ASIAN MARKET STRUGGLED; A 57K-DWT WAS REPORTED FIXED BASIS DELIVERY SINGAPORE FOR A TRIP VIA INDONESIA REDELIVERY INDIA AT $12K
Capesize
A punchy week for the big ships that saw Atlantic rates soar, with the tonnage list tight prompting charterers to split cargoes, thoug ...
Friday, 06 July 18
COAL PRICES HAVE REMAINED STRONG BUT ARE SET TO DECLINE - NAB
Coal spot prices have been highly volatile in recent years, with an upward trend since recent lows in April 2018, National Australia Bank says in i ...
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- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
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