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Monday, 25 November 19
A 53,000DWT SHIP FIXED AT $9,500 DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY VIETNAM - BALTIC BRIEFING
.jpg) Capesize
After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC average opened the week at $20,970 and closed out Friday up $580 to settle at $18,930, illustrating clearly the deteriorating condition of the market. While the Pacific Basin maintained its usual constant flow, improved sentiment built in the Atlantic Basin. Bids were heard to be firmly up across all routes. The Brazil to China C3 route opened the week at $19.04, reaching a midweek low of $18.225. However, with Fridays jump of 72.5 cents, the route settled at almost parity at $19.03 pushing into the weekend. While this current lift is encouraging for a possible last market push before the end of the year, trade activity overall hasn’t been reassuring. But as eyes drift to the New Year, and improved clarity post IMO changes, traders are sure to have plans in mind which will hopefully bring improved activity.
Panamax
It was a somewhat mixed bag in the market this week, despite very few pockets of resistance and a hefty softening of rates throughout the week. In the Atlantic, aside from the North Continent/Baltic trades which held steady, the longer fronthaul trips from the US Gulf and East Coat South America (ECSA) came under severe pressure. A 76,000dwt ship was fixed at $9,500 from ECSA for a Transatlantic round trip. From the US Gulf for Transatlantic business, $14,500 was concluded on an 81,000dwt vessel. From ECSA to the Far East, a 75,000dwt ship agreed $12,500, plus $250,000 ballast bonus. On the shorter duration trips, via the Baltic, the rates ranged between $12,500 and $11,750 for the 82,000dwt tonnage. In the Pacific, improved demand from Australia and the US North Pacific enabled the rates to remain generally steady throughout the week. An 81,000dwt ship covered $10,000 for an Australian round trip whilst a 75,000dwt ship achieved $8,500 for the same run. From the US North Pacific, an 82,000dwt vessel concluded $9,500 for a round trip back to Singapore-Japan. A rate of $8,000 was agreed on a 75,000dwt vessel.
Supramax/Ultramax
The market can be described as ‘cautiously optimistic’ as the week ended. The Baltic Supramax Index (BSI) slowly gained momentum, with some routes in positive territory. There was limited period activity, an Ultramax, open central Mediterranean, covered a short period in the mid $11,000s. Atlantic demand grew from the US Gulf, with a 63,000dwt vessel covering at $15,500 for a petcoke run to the Mediterranean. A 55,200dwt vessel fixed in the low $20,000s for a trip to Japan. East Coast South America remained finely balanced, with limited fresh enquiry. There was more activity from the Continent, where a 63,400dwt vessel fixed for a trip via the Baltic, redelivery in the West Mediterranean, at $14,000. The Asian market also saw a slight improvement in rates, certainly from the South. A 53,000dwt ship fixed at $9,500 delivery Singapore trip, via Indonesia, redelivery Vietnam. From the Indian Ocean, a 58,000dwt vessel fixed from South Africa to West Coast India – Arabian Gulf at $10,500, plus $105,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) fell below 500 by the end of the week, a total decline of 12 points since the beginning of the week. Unlike the bigger-sized ships, which showed signs of improvement, routes in both basins further lost ground throughout the week and little fresh activity came to light. Rates remained weak and vessels overall were still under pressure. A 32,000dwt ship was fixed from the US Gulf for a trip to the Central Mediterranean at low $10,000s. A 38,000dwt vessel open in the US East Coast was fixed for a trip to the Continent at approximately $9,000. In the East, a 39,000dwt ship open Hong Kong was fixed for a trip to CJK at $7,000. A large Handysize vessel was linked to a North Pacific run at mid $7,000s, basis South Korea delivery. A steel trip to Vietnam paid $6,000 on a 32,000dwt vessel from East Coast India.
Source: The Baltic Briefing
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Saturday, 30 November 19
IMO2020 GLOBAL SULPHUR CUT: GERMAN SHIPPING TO USE NEW TYPE OF FUEL VDR SURVEY
IMO2020 Global sulphur cut: German shipping to use new type of fuel VDR survey: Technical issues and costs are the biggest challenges - VDR
&nb ...
Saturday, 30 November 19
PANAMAX: LEVELS IMPROVED IN THE PACIFIC MARKET TOO WITH $11,000 BEING CONCLUDED ON AN 81,000DWT SHIP FOR AN INDONESIA TO CHINA COAL TRIP - BALTIC BRIEFING
Capesize
The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was s ...
Friday, 29 November 19
FITCHRATINGS MAINTAINS NEGATIVE 2020 OUTLOOK ON SHIPPING, AS TIGHTER SUPPLY HELPS, BUT SOFTER DEMAND DRAGS
Fitch’s Sector Outlook: Negative
We maintain a negative sector outlook for global shipping because of the forecast slowdown of ...
Friday, 29 November 19
INDONESIA PRODUCES 390 MLN TONNES OF COAL IN JAN-SEPT: MINISTER - REUTERS
Indonesia’s production of coal for the January-September period was 390 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif s ...
Wednesday, 27 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the end of the fourth quarter is approaching, one could say that the wet market has maintained the strong pace observed during the third qu ...
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- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Bhatia International Limited - India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
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