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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 March 19
KOEN INVITES BIDS FOR 450,000 TONS OF (SUB) BITUMINOUS COAL FOR H1 AND JUNE 2019
South Korea state-owned utility KOREA SOUTH-EAST POWER CO., LTD. (KOEN) issued a tender for total 450,000 MT of min. 4300, 3500 and 5600 NCV ...
Wednesday, 27 March 19
SHIPPING MARKET INSIGHT - INTERMODAL
Contrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. ...
Saturday, 23 March 19
IT WAS A POSITIVE WEEK FOR THE HANDY SIZE MARKET - BALTIC BRIEFING
Capesize
The big ships endured heavy losses last week extinguishing any hopes from the recent minor rally. Negative sentiment gained pace throu ...
Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are ...
Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
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- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
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