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Saturday, 15 February 20
A 56,000DWT VESSEL WAS CONCLUDED BASIS DELIVERY SINGAPORE VIA INDONESIA REDELIVERY CHINA IN THE LOW $6,000S - BALTIC BRIEFING
.jpg) Capesize
Riding the downward momentum of the previous week, the market was always going to be hard pressed to make any sort of revival. With multiple drivers including Coronavirus, rail flooding in East Australia, rains in Brazil and a tropical cyclone in West Australia causing havoc, the market was seen to bottom out and meander sideways, said the Baltic Brifing in its latest report.
The report further noted that, the Capesize 5TC opened the week at $2,660 to close out at $2,445. While bunker volatility was causing fluctuation in the vessels’ earnings, voyage rates were mostly seen to soften throughout the week. C3 Tubarao to Brazil opened at $13.575 closed down at $12.95. West Australia was quiet and spot market fixture activity opened the week at $5.75 closing at $5.595. Remarkably the C10 Transpacific bucked the trend this week as demand for time-charter vessels lifted. The Transatlantic C8 didn’t fare so well as dwindling cargo options had most over offered. It now trades at $2,920 which is below the Pacific, the first time since mid-December.
Panamax
The Baltic Briefing further noted that, It was a relatively strong week overall for Panamax, with most areas increasing their values over the week. East coast south America again appeared the focus and driver with rates for beginning of March shipments dates improving from last done.
The week witnessed some heightened period activity with a bunch of period fixtures mostly fixed with discounted rates for the first 40 days then a premium rate thereafter for balance of the agreed period. From east coast South America to the Far East, the median rate appeared at around $12,250+$225,000 ballast bonus at the start of the week and had increased to $13,300+$330,000 ballast bonus by the end.
In Asia, Baltic Briefing this week's report says, trading was somewhat curtailed by the potential implications of Coronavirus. The NoPac round trip being agreed at $4,350 for 82,000dwt, whilst some owners were discounting rates for quick and repositioning trips with $6,500+$65,000 ballast bonus getting done for an Indonesia to China run.
Supramax/Ultramax
The week started on a poor note, but as it closed a bit more optimism was being felt. Period activity was seen with a 55,000dwt vessel fixing delivery North China for one year at $6,500, for the first 40 days and $10,000 thereafter.
It was a story of two halves from East Coast South America: poor levels at the start with a 56,000dwt ship being fixed in the upper $2,000’s for a transatlantic run. Later, a 51,000dwt ship was fixed at around $7,000 for similar run. The Mediterranean remained stable whilst the US Gulf was heard to have a little more enquiry as the week closed. From Asia, some said there was more enquiry from Indonesia. However, a ready flow of tonnage held rates in check but a 56,000dwt vessel was concluded basis delivery Singapore via Indonesia redelivery China in the low $6,000s. The Indian Ocean saw slight improvement, with a 52,000dwt ship fixing at $7,000 delivery Arabian Gulf redelivery East Coast India.
Handysize
The index fell below 300 points throughout the week which is at the same level as in mid-February 2019. At the beginning of the week the Handy 7TC average was the highest of all four dry vessel types. Most route indices had minimal movement in both basins, while East Coast South America led the decline. A 38,000dwt vessel, open Fortaleza 15 February was fixed basis north Brazil for a trip to west Mediterranean at $8,000. A mid-sized was failed on subjects basis passing Ushant for trip to China at mid high $8,000s with some waiting on the owner’s account. A 33,000-dwt was fixed from Canakkale for a trip with grain to Ireland at $3,500. There was also talks of fixtures at the high end with a 34,000-dwt fixing from Canakkale to Norfolk in the $6,000s and a 29,000-dwt fixing basis Rouen for a grain trip to Morocco at $9,500. Pacific market remained weak and little came to light.
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Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. ...
Thursday, 20 February 20
CHINA RESUMES OVER 70 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA
China has resumed 70.2 percent of its coal production capacity with output recovering steadily amid the fight against the novel coronavirus epidemi ...
Thursday, 20 February 20
CHINA THERMAL COAL MARKET FACES 2-3 MONTH CORONAVIRUS SHORT SQUEEZE: NOBLE - REUTERS
China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more tha ...
Wednesday, 19 February 20
KOREA MIDLAND POWER INVITED BIDS FOR 1 MILLION TONS OF HCV AND LCV COAL FOR Q2- Q4 LOADING
COALspot.com: Korea Midland Power Co. Ltd, (KOMIPO). has issued an international tender for total 1 million MT of coal for April to December 2020 l ...
Wednesday, 19 February 20
GLENCORE WRITES OFF ALMOST $1 BILLION AT COLOMBIAN COAL MINES DUE TO FALLING EUROPEAN IMPORTS: BLOOMBERG
The economic case against European coal is proving too much for even Glencore Plc.
The world’s biggest coal shipper cut the va ...
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- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- PTC India Limited - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- The University of Queensland
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
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