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Thursday, 03 October 19
SHIPPING MARKET INSIGHT
 Edible oil products across the board are showing healthy amount of export activity, however, rates in most cases are struggling to move accordingly due to the CPP markets dragging them down. Sunflower oil exports from Black Sea are peaking; Soya bean oil exports are supported by MED demand and Palm oil movements look the brightest.
After a slow summer, September export volumes of Sunflower oil from Black Sea, especially to China, moved up significantly. Owners with CIQ approved cargo history on their ships, were looking forward to capitalize on that, however, this didn't quite materialize due to the availability of such tonnage. Increased cargo going into India was also not enough to push rates north. To the contrary, there have been fixtures done lower than the last benchmarks levels. This can all be justified by the poor CPP market prevailing in the MED during last weeks; if no tension in CPP market comes soon, freight rates are unlikely to change.
Volumes of veg-oil exports from S. America have been on the lower side these past few weeks. However, there have been quite a few liftings and forward bookings into early October. That is quite reasonable, since India imports are on halt due to the country’s storage tanks being filled up. However, there has been increased cargo volume into the MED right on time, but yet again not enough to balance the absence of India imports. That being said, SME was the prevailing product moving to MED, in volumes that have not been seen for a long time. Looking forward, one should again foresee the petroleum product end of the equation. As such, until there is an improvement in the Atlantic petroleum product trade, owners will most likely entertain the on-going rates.
Palm oil market is looking somewhat better. Regional routes to China and India are showing great activity, while Long haul movements to Europe, USA, Continent and other West destinations have also been holding firm till September. A firm CPP market during the past weeks has allowed owners to push for a premium to position their vessels west, however, it is now correcting and bunker prices cooling off.
Getting into the traditional stronger Q4 along with all the IMO 2020 changes, it should be expected that there would be no further down pressure on rates, owners are expected to be bullish and traders to prepare for firmer rates. This market has always been at the mercy of CPP market trends and this should also be the case this time round.
By Stelios Kollintzas
Tanker Chartering Broker
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Wednesday, 15 July 20
CHINA'S JUNE COAL IMPORTS FALL 6.7% Y/Y ON PORT CURBS - REUTERS
China’s coal imports dropped 6.7% in June from the same period last year, as stringent import restrictions at ports impeded purchases by trad ...
Wednesday, 15 July 20
MARKET INSIGHT - INTERMODAL
The Covid-19 virus spread around the world has obviously impacted the global oil demand while the situation remains fluid. The overall constraint ...
Tuesday, 14 July 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.75 PCT - XINHUA
China Taiyuan coal transaction price index stood at 126.01 points Monday, up 0.75 percent week on week.
The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being ac ...
Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
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- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
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