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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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Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...
Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...
Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize
The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence ...
Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...
Friday, 18 October 19
SHORT TERM STRENGTH FOR OZ COMMODITIES - BALTIC BRIEFING
Volatility in the global commodity markets is not expected to unduly rattle Australia’s commodity outlook through 2020, but the 2021 picture ...
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Showing 1306 to 1310 news of total 6871 |
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- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- White Energy Company Limited
- Siam City Cement - Thailand
- Minerals Council of Australia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- GMR Energy Limited - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
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