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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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Tuesday, 26 February 19
THE RELATIVELY DISAPPOINTING SCENE PORTRAYED IN THE DRY BULK MARKET RIGHT NOW - ALLIED SHIPBROKING
The relatively disappointing scene portrayed in the dry bulk market right now (especially in the Capesize segment) is undoubtedly one of the prevai ...
Friday, 22 February 19
AUSTRALIAN HIGH CV THERMAL COAL PRICES AT 19-MONTH LOW, BUT NOT FOR LONG - WOOD MACKENZIE
The benchmark Newcastle high energy thermal coal price has fallen from US$100/tonne at the turn of the new year to US$88/tonne. Thermal coal has be ...
Wednesday, 20 February 19
EFFECTIVE NOTICES OF ARBITRATION - AVOIDING WASTED COSTS AND A POTENTIALLY TIME-BARRED CLAIM
KNOWLEDGE TO ELEVATE
In a recent case, The Amity [2017], charterers successfully set aside an arbitration award on the basis that ow ...
Wednesday, 20 February 19
SHIPPING MARKET INSIGHT - INERMODAL
Market experts mostly agree that the recent dry bulk market downtrend was caused by seasonal slowdown amid the Chinese New Year celebrations in com ...
Tuesday, 19 February 19
AUSTRALIA'S COAL FUTURE UNDER THREAT AS MORE CHANGES HIT FOSSIL FUELS GLOBALLY - ABC
Two disparate decisions from opposite corners of the world have sounded warnings for the future of Australia’s coal industry.
...
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- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Parliament of New Zealand
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- PTC India Limited - India
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Central Java Power - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
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