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Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
 Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed down $732 to settle at $37,921. While this week’s surge in rates was driven by a tightening of tonnage that is able to arrive within September, a wider sector story is emerging of vessel delays being caused by docking issues. The upcoming IMO regulations, which will apply from 1 January 2020, have vessels preparing tanks to receive cleaner fuels while others are installing scrubber units to process high sulphur fuel on the go. These unusual dockings are causing delays and disruptions to tonnage flows, which is further aggravating a tight tonnage situation in parts of the market. The Pacific Basin this week experienced a surge early on due to sentiment from the West, but was otherwise relatively steady, while not particularly busy. The C5 opened the week at $10.359 to close Friday at $11.214. The Brazil to China market opened the week at $28.118, reached a high of $29.10, before closing the week out at $27.955.
Panamax
It was a largely uneventful week, with the indices drifting lower, albeit without much conviction. Sources said owners with prompt tonnage on the Continent had to reduce their ideas to find cover. However, this appeared limited to shorter duration trades, with later tonnage content to sit and wait. The North Pacific also suffered from a seasonal slump in North Pacific stems. The South continued to be reliant on the South American market, which saw Kamsarmaxes achieve as much as $20,000 from Singapore for the long round voyage. However, dips in the paper values helped to weaken sentiment, giving charterers the opportunity to step back in the hope of finding cheaper offers. Fundamentally the market appeared stable and well balanced, with any injection of South American activity likely to see rates improve once again. However, the mood had remained cautious, without clear direction during the week.
Supramax/Ultramax
Overall rates remained healthy last week. However, as the week ended, Asia rates were easing a little due to less demand. As a result, the Atlantic saw some sideways movement from East Coast South America and the eastern Mediterranean. There was still a little period activity, with a 52,000dwt ship open China covered for 9-11 months trading and redelivery worldwide at $10,750. From the Atlantic, an Ultramax fixed at $19,000 for a short period redelivery in the Atlantic. The US Gulf remained positive with an Ultramax fixing at $25,000 for a coal run to the Baltic. Activity waned a little as the week closed from the Mediterranean, but a 56,000dwt ship fixed a trip from Algeria to West Africa at $19,000. From Asia a 58,000-tonner fixed delivery Fuzhou, via Indonesia, redelivery China, at $12,800, while a 50,000dwt ship covered an Australian round delivery South China, redelivery Japan, at $13,450. The Indian Ocean still commanded good levels, with a 57,000dwt vessel fixing delivery Arabian Gulf with aggregates for a trip to Chittagong at $20,000.
Handysize
The Baltic Handysize Index (BHSI) reached its new high this week, surpassing the last peak at 676 from end October 2018. The rates in the Continent were firm, but slightly easing towards the weekend. The US Gulf and East Coast South America markets lent further support, whilst in the East, activity was fairly flat throughout the week, yet steady levels remained. On the period front, a 37,000dwt ship was fixed from the UK for four to six months at $14,250. From the Black Sea, a 35,000dwt ship was fixed at close to $18,000 for moving steels to Nigeria. A 31,000dwt vessel open in the same area was fixed for a trip to the Continent at $13,850. Large Handysize vessels were paid in the $11,000s basis Far East delivery for a CIS or North Pacific round trip. A 32,000dwt ship open in Southeast Asia was fixed at a rate in the low $10,000s for redelivery in the Singapore-Japan range.
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Saturday, 30 November 19
IMO2020 GLOBAL SULPHUR CUT: GERMAN SHIPPING TO USE NEW TYPE OF FUEL VDR SURVEY
IMO2020 Global sulphur cut: German shipping to use new type of fuel VDR survey: Technical issues and costs are the biggest challenges - VDR
&nb ...
Saturday, 30 November 19
PANAMAX: LEVELS IMPROVED IN THE PACIFIC MARKET TOO WITH $11,000 BEING CONCLUDED ON AN 81,000DWT SHIP FOR AN INDONESIA TO CHINA COAL TRIP - BALTIC BRIEFING
Capesize
The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was s ...
Friday, 29 November 19
FITCHRATINGS MAINTAINS NEGATIVE 2020 OUTLOOK ON SHIPPING, AS TIGHTER SUPPLY HELPS, BUT SOFTER DEMAND DRAGS
Fitch’s Sector Outlook: Negative
We maintain a negative sector outlook for global shipping because of the forecast slowdown of ...
Friday, 29 November 19
INDONESIA PRODUCES 390 MLN TONNES OF COAL IN JAN-SEPT: MINISTER - REUTERS
Indonesia’s production of coal for the January-September period was 390 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif s ...
Wednesday, 27 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the end of the fourth quarter is approaching, one could say that the wet market has maintained the strong pace observed during the third qu ...
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- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- White Energy Company Limited
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
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