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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, 07 March 18
WHEN AN IRRESISTIBLE FORCE MEETS AN IMMOVABLE OBJECT - GARD
KNOWLEDGE TO ELEVATE
Negotiable bills of lading are fundamental to trade. As documents of title, they are essential to the sale and carriage o ...
Wednesday, 07 March 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
The comparably small upside Handysize asset values have noted compared to other sizes since the historical lows of the dry bulk market in combinati ...
Tuesday, 06 March 18
FOREIGN INVESTORS ALLOWED TO BID FOR BIG MINING CONCESSIONS - THE JAKARTA POST
The government has allowed foreign investors to bid for mining concessions with a total area of more than 500 hectares, while smaller areas will be ...
Tuesday, 06 March 18
LNG VESSELS HAVE EMERGED AS THE FASTEST GROWING SEGMENT FOR THE WATERWAY - GERRY LATHROP
The day was July 25th 2016, a partly cloudy day on the Panama canal, and to most people a rather innocuous day without any real merit, however in s ...
Friday, 02 March 18
ANGLO AMERICAN COMPLETES SALE OF ESKOM-TIED THERMAL COAL OPERATIONS IN SOUTH AFRICA
Anglo American plc (“Anglo American”) confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Afric ...
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Showing 1786 to 1790 news of total 6871 |
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- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
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