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Monday, 23 September 19
SUPRAMAX: THE ASIAN ARENA IT WAS A SLOW START, BUT DEMAND INCREASED AS THE WEEK WENT ON - BALTIC BRIEFING
.jpg) Capesize
The market trended down over this past week, breaking the market out of its upward trending range. While the market traded sideways at the beginning of this past week, it was unable to build any upward momentum and broke to the downside midweek. Brazil to China C3 opened the week at $25.89 to close out Friday at $23.705, while West Australia to China C5 opened at $10.923 to close at $9.145. Trade activity was moderate throughout the week in the Atlantic, while quieter in the Pacific. Bunker pricing for traders was a wild ride this week as fuel markets absorbed possible scenarios of war risk footing in the Persian Gulf. Prices lifted drastically leaving many to back off trades and wait for the situation to calm. Rates did reduce but are still at elevated levels. The 5TC opened the week at $33,996 to close at $31,470. While there was some talk of a floor being reached, Fridays drop of -$1301 momentum looks still to the downside.
Panamax
The week began with small increases in the Atlantic indices, but this was soon reversed, and the losses accelerated as the week wore on. There was healthy fixing volume for both transatlantic and fronthaul trips, but the earlier tonnage was forced to reduce their offers to find cover. Brokers felt October positions looked more balanced. The Pacific drifted lower all week, with vessels in the North forced to ballast South. The South American market was not providing its normal support, with charterers concentrating on taking tonnage delivery Arrival Pilot Station (APS) below last done levels. There was hope of a possible surge in fixing this week, prior to Golden Week, but this was the only positive from the week. Very little period trading was reported, although a modern Panamax did fix for a year at $12,500 basis delivery prompt in Japan.
Supramax/Ultramax
A mixed week overall for the Baltic Supramax Index (BSI), which started in negative mode but as the week closed the trend slowed. Limited period activity was reported, many waiting to see a clearer direction in the market. An Ultramax was covered from the Continent for a short period at $20,000, redelivery worldwide. From the Atlantic, demand waned from East Coast South America, whilst stronger levels were noted from the Mediterranean. A 55,000dwt vessel fixed delivery for a central Mediterranean trip via the Black Sea, redelivery Southeast Asia, at $27,500. From the US Gulf Ultramaxes were seeing in the upper $20,000s for trans-Atlantic runs. From the Asian arena it was a slow start, but demand increased as the week went on. A 61,000dwt ship open Indonesia fixed a trip via Australia, redelivery Japan, at $17,000. A 53,000-tonner, open Chittagong, was fixed for a trip via East Coast India, redelivery China, at $15,000. All eyes fixed forward to see the following week’s direction.
Handysize
The Baltic Handysize Index (BHSI) stayed still at 691 for the first four days of the week and eventually improved a point by Friday. Overall the sentiment in the Atlantic remained positive, with East Coast South America slightly improving. The rates from the Pacific continued to ease as limited volume lent support to the fixing level, especially for second half September dates cargo. On the period front, a 32,000dwt vessel, open Uddevalla in mid-September, was fixed at $11,500, with redelivery in the Atlantic. A 33,000-tonner open Lagos was fixed via East Coast South America for a trip to the Persian Gulf at $24,000, intention petcoke. A 33,000dwt ship open Oran was fixed to run via North France and redeliver in Algeria in the mid $11,000s. In the East, a 28,000dwt vessel open Ho Chi Minh city was fixed for a trip to CJK at a rate in the high $8,000s. A 33,000dwt ship open North China and a 38,000dwt ship open South Korea were both fixed for a Pacific trip at $9,000 and $11,500 respectively, possibly with steels.
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Tuesday, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
On the 12th of May four tankers were attacked near the coast of Fujairah. The tankers hit were waiving international flags such as that of No ...
Monday, 05 August 19
SUPRAMAX: COAL FROM INDONESIA TO CHINA PAID AT MID $8,000S ON A 57,000-TONNER DELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize
Having hit a high of $32,963 early last week, the Capesize 5TC now stands at $25,749. This is over 20% of its value lost in 10 days. C ...
Thursday, 01 August 19
PANAMAX: THE SENTIMENT IN THE MARKET IS STILL POSITIVE FOR THE LONGER TERM - FEARNLEYS
Capesize
Two weeks ago the 5TC index was at 33,000 USD pd. Since then it has fallen off a bit and has stayed around 27,000 USD pd the last week ...
Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ ...
Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...
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- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Planning Commission, India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- The University of Queensland
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
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