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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, 23 September 19
CHINA RECORDS SLOWER GROWTH IN COAL PRODUCTION - XINHUA
The growth of China’s raw coal production slowed down in August, data from the National Bureau of Statistics (NBS) showed.
Aro ...
Friday, 20 September 19
INDIA TO INVITE BIDS FOR COMMERCIAL COAL MINING IN DECEMBER - MINISTER FOR COAL
India aims to begin the process of holding the first round of commercial coal mining auctions December end, Minister for Coal, Mines and Parliament ...
Friday, 20 September 19
INDIA: ECONOMIC SLOWDOWN IMPACTS COAL IMPORT CARGO IN H1 FY20 - PTI
Economic slowdown has impacted coal import cargo in the first half of this fiscal, as overall cargo growth at major ports registered a marginal gro ...
Wednesday, 18 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
During the first week of September, I had the privilege of attending the Donsö Shipping Meet 2019, in Donsö, a small island of around 1,& ...
Tuesday, 17 September 19
PANAMA SHIP REGISTRY MODERNIZES SHIP REGISTRATION
The Panama Ship Registry has announced it will integrate in a single platform “Electronic Ship Registration System (ESRS)” the present ...
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- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- The University of Queensland
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
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