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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. Fixture activity was strong in both basins with trade executed generally on a voyage priced basis. The 5TC opened the week at $26,382 before closing on a slightly down note Friday at $25,117. The Brazil to China C3 was the big mover this past week opening at $23.782 to close down at $20.945. The Pacific C5 market continued to trade in a limited range opening at $9.227 to end out the week on a positive at $9.114.
Discussions continue to be heard regarding vessels cleaning fuel tanks in preparation for IMO 2020. Vessels going out on timecharter are needing to consider what fuel the vessel is being returned with, whilst ideally having a good indication of where that will be for bunkering considerations. Some have been heard to give favorable prices for bunkers on delivery to entice trade. While traders are well versed in bunker planning, the IMO’s hard deadline is problematic for the inherent variability of shipping schedules. The added complexity will surely turn up more issues over the coming months.
Panamax
The positive trend from last week did not continue, with both basins showing signs of softening since Tuesday. Despite east coast South America market, limited activity was reported from the rest of Atlantic with some principal accounts using their own tonnage for loading their own cargoes.
In the East, brokers saw decent amount of cargoes, but the fixing rates remained relatively flat due to ample supply of vessels. Kamsarmax vessels were fixed in the $16,000s level plus a ballast bonus in the $600,000s for a trip via east coast South America back to the Far East whilst some similar-sizes were also reportedly done in the $17,000s with ballast bonus in the $700,000s for a similar run. However, whether the stem was of end October dates or early/mid November, dates made a difference with the bunker price being a crucial factor as well. In the East, there were reports of Kamsarmax vessels fixing in the mid $16,000s for a Nopac round voyage basis delivery mid China and in the range of $13,000-$15,000 for an Indonesia run basis delivery south China.
Supramax/Ultramax
The US Gulf market weakened the most with the transatlantic route S4A falling over $750/day from the end of last week. ADMI fixed a 63,000 dwt for grains to Continent at around the $18,000 level. Trips to India/Asia came off a shade too: XO Shipping fixed the Spar Pyxis (63,800dwt, 2015) for US Gulf petcoke to India at $31,000. Rates from South America seemed to hold up. Norden fixed the Ocean Andre (63,647 2017) open Aratu for a trip to the Far East at $46,500 + $650,000 and Cargill was linked to a Tess 58 open Rio Grande end October at $16,000 + $600,000 bb. In Asia trips from the Singapore area were paying between $14,000 and $16,000, depending on the vessel size and duration.
Handysize
There was a softer feel during this week on most of the routes. Tonnage open W Mediterranean/N Continent did not seem to have much choice of cargo. Clipper fixed the Maas Confidence (34,914dwt, 2016) open Setubal prompt for a trip with steels to Tampa/Veracruz at $11,000.
The was good activity in the Black Sea/Mediterranean, for trips within the region as well as destinations like West Africa, where a 46,000 dwt managed a rate in the low $16,000’s earlier in the week. At the end of the week the smaller size vessel Friendly Island (28,387dwt, 2012) fixed delivery Constanza for a trip to Egypt or Turkish Mediterranean at $12,000. Rates in Asia remained relatively flat and whilst the indices lost a little value, some brokers still felt they should remain steady.
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Wednesday, 04 December 19
FITCH RATINGS: CASH FLOW GENERATION TO SLOW DOWN FOR INDONESIAN COAL MINERS
Fitch Ratings' negative outlook on the Indonesian coal-mining sector reflects our view of weaker cash flow generation on account of declining c ...
Wednesday, 04 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the marke ...
Wednesday, 04 December 19
INDONESIA REVIEWING RULES MANDATING COAL SALES TO LOCAL BUYERS: OFFICIAL - REUTERS
Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as sup ...
Tuesday, 03 December 19
STABILITY AND COMPATIBILITY OF VERY LOW SULPHUR FUEL OILS - GARD
In order to meet increasing restrictions on the sulphur content in marine fuel as defined by MARPOL Annex VI Regulation 14.1.3, the characteristics ...
Monday, 02 December 19
COAL PRODUCTION IN INDIA UP BY 164.58 MT IN 5 YEARS - BUSINESS LINE
Raw coal production in the country has increased from 567.77 million tons (MT) in 2013-14 to 730.35 MT in 2018-19, Union Coal and Parliamentary Aff ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Planning Commission, India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Australian Coal Association
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- PTC India Limited - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
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