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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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Tuesday, 18 February 20
ADARO REMAINS POSITIVE ON THE LONG-TERM FUNDAMENTALS OF COAL MARKET SUPPORTED BY THE SOUTHEAST ASIA AND SOUTH ASIA REGION
The global seaborne thermal coal market in 2019 was faced with macro and industry challenges which pushed international coa ...
Tuesday, 18 February 20
CORONAVIRUS AND ITS IMPACT ON YOUR CONTRACT - CAN YOU RELY ON 'FORCE MAJEURE'? - INCE
KNOWLEDGE TO ELEVATE
On 30 January 2020, the World Health Organization (WHO) declared that the outbreak of the Novel Coronavirus (officially t ...
Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban&rsqu ...
Monday, 17 February 20
COVID-19: THE EFFECT OF THIS PUBLIC HEALTH EMERGENCY ON CHARTERPARTY TERMS - GARD
KNOWLEDGE TO ELEVATE
Is it useful to compare the COVID-19 with earlier disease outbreaks?
A comparison with the Ebola outbreak ...
Saturday, 15 February 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - REUTERS
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Planning Commission, India
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
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