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Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
.jpg) Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates were seen to quickly rise. This was helped along the way by typhoon Lekima off the eastern coast of China and a tightening vessel situation in the Atlantic. The Capesize 5TC opened the week at $24,022 to close at $29,624. In the Pacific, most major charterers were present at some stage of the week, but struggled to get repeat trades at last done levels. In the Atlantic, Vale was particularly busy for the Brazil to China trade, taking both prompt August dates and C3 September laycan dates. Black Sea trade to the Far East was rumoured once again this past week, which also contributed to the tightening vessel situation. With Singapore off on Monday it was a late start to the Pacific market, however it was quick to gather momentum. Combined with the weather situation, the West Australia to China C5 trade opened at $9.164 and was pushed to $10.498 by index time Friday.
Panamax
It was a strong week overall, with all areas feeling the pinch of a tightening of tonnage supply. Pressure remained for September shipments of grain from East Coast South America. The BPI P6 route index rose in excess of $1,400, with 82,000dwt vessels seeing around $18,000 per day, delivery Singapore. Period activity was prevalent, an 81,000dwt ship open China being covered in the mid $15,000s for seven to nine months trading. For Atlantic business a 75,000-tonner was fixed delivery Gibraltar for two to three laden legs Atlantic trading redelivery Skaw – Gibraltar range. Black Sea fronthaul remained firm, a 81,000dwt vessel being covered delivery Constanza via the Black Sea, with redelivery Singapore-Japan, at $32,000. The Asian arena saw a push, with an 85,000dwt ship fixing delivery Tianjin for August dates via East Australia, redelivery Japan, at around $15,000. For Indonesian coal runs, a 82,000dwt ship was fixed delivery China via Indonesia, redelivery Japan, in the mid $16,000s.
Supramax/Ultramax
It was an exciting week, with the surge in key markets from both basins bringing the BSI back above 1,000 points. The US Gulf was showing soaring signs, with the route index having one of the biggest improvements among others, with the tonnage list remaining tight in the Mediterranean / Continent / Black Sea area and East Coast South America. In the East, trading continued to be active after Singapore came back from its long weekend holiday, especially with Indonesia coal and North Pacific soda ash / grains lending support. On the period front, a 58,000dwt ship open West Coast India was fixed at $14,000, with minimum 75 days up to a maximum 90 days duration and redelivery in the Persian Gulf / South China range. A 56,000dwt ship open Altamira was fixed for three to five months at $15,500, with redelivery in the Atlantic. Fixtures were reported with high rates towards the weekend, this was despite a holiday on Thursday in most of the European countries. A Tess 58 type open West Africa was fixed to run via East Coast South America at mid $16,000s, with redelivery in the East Mediterranean. A Dolphin 63 type open US East Coast was fixed for moving coal to the Continent at $25,000. In the Pacific, a 61,000dwt ship open North China was fixed for a North Pacific run at $16,700, with redelivery in Southeast Asia. Most market participants considered this as a benchmark with higher expectations for next week.
Handysize
Similar to larger vessel sizes, the Handysize index and its weighted Timecharter Average climbed further. Early in the week, a 30,000-tonner open South Brazil was fixed for moving grains to the Continent at $14,000. A 40,000dwt ship open Ireland was booked for fertilisers to East Coast South America at $11,400 for the first 40 days and $14,000 afterwards. A 38,000dwt vessel open in the US Gulf was fixed to West Coast Central America at $17,000. Rates came up again for vessels delivered in Southeast Asia with a 35,000dwt ship open Cebu reportedly fixing at $8,250 for two to three laden legs with redelivery in the Singapore-Japan range.
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Wednesday, 24 April 19
PANAMAX: IN THE EAST, THE MARKET MOVED SIDE-WAYS, WITH FEWER COAL CARGOES FROM INDONESIA PUTTING PRESSURE ON RATES - INTERMODAL
Sentiment in the Dry Bulk market slowly but steadily kept improving last week as Capesize rates remained in recovery mode and Panamax earnings also ...
Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...
Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
Surge in coal imports has now forced Coal India Ltd (CIL) ...
Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...
Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...
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- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Australian Coal Association
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- The University of Queensland
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
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