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Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
.jpg) Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions of the world are now under no illusions as to the severity of this crisis and are acting to mitigate amongst the daily changing circumstances. Force Majeure declarations are increasingly common, with the latest heard being at European steel mills. At the beginning of this week South Africa announced intended lockdowns on its mines. This led to a rush of fixtures on Tuesday, as West Australia to China C5 potentially became the only show in town with cargo flow. C5 traded down to a low of $4.003 this week before lifting at the end of the week to $4.223. Brazil to China business has maintained a faint heartbeat, with owners being picked off slowly at ever sharpening levels. C3 closed the week out at $9.29. The Cape 5TC closed out the week at $3,675, down -392. Next week promises to be defined as another one of uncertainty. While some industries are feeling the impact more than others, it’s imperative in these trying times we all keep calm and carry on – remotely.
Panamax
A turbulent week with Covid-19 dominating headlines. Subsequently, Force Majeure was declared in several countries and integral shipping ports, as nervousness enveloped the market. Nevertheless, bright news of soya bean meal crushing margins turning positive in China and a good volume of fresh sales were concluded ex-Brazil and USA into China as a result thereof. This translated into a positive move for the Baltic Panamax Index (BPI) route P6, with rates moving on the week. Rates for fronthaul trips, basis delivery Southeast Asia and India positions, were fixed in the $8,000’s, with one very well-described 82,000dwt vessel achieving $9,500 from Singapore. Asia was something of a two-tier market, with the North seeing improved numbers due to solid levels of North Pacific demand. A very good design 81,000dwt new building, delivery South Korea, achieved $7,750 for a North Pacific round trip, whilst Indonesia lacked volume, partly due to Force Majeure in Indian ports, which drove down coal sales.
Supramax/Ultramax
An anaemic week for the Supramax market – driven lower predominantly by the Atlantic routes, as macro concerns continued to weigh heavily on the index. On already decreasing cargo volumes, many charterers, who were not forced to comply with tight nominations, duly withdrew from the market. Meanwhile, brokers said that the tonnage count in the Atlantic continued to grow – correspondingly the offers appeared to track down. The crucial long ton-mile fronthaul routes suffered a significant amount of erosion, with the S1B Black Sea to China route losing $1,518 on the week to close at $16,782, the S1C US Gulf to China route dropping $1,867 on the week to close at $19,042, and the S5 East Coast South America to China route declining by $2,430 on the week to close the week at $9,909. Finally, the average of the timecharter routes posted losses of $1,092 to settle at $7,054 on the week. The short-term outlook remains one of further weakness.
Handysize
The consecutive positive trend since mid-February came to an end, with the overall Handysize Index (BHSI) declining from midweek. Rates from the Continent moved sharply lower, with limited cargo support, whilst some market players chose to move cargoes by using own tonnage. Volume was described to be thin in both East Coast South America and the US Gulf. This was especially the case from the second half of the week onwards, with stems reportedly being cancelled or pushed back due to delays or closure at load-ports. A 34,000dwt vessel open Rotterdam was fixed at $10,000, basis delivery Rouen, for moving grains to Algeria. A 32,000dwt ship was fixed from Southwest Pass for a trip with petcoke to Huelva in the early part of the week at $9,500. The movement in the Pacific was not significant this week, with the market showing a similar trend as the Atlantic Basin.
Source: The Baltic Briefing
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Friday, 03 April 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Wednesday, 01 April 20
TRADERS SCRAMBLE TO SELL CHEAP CRUDE CARGOES AS GLUT GROWS - REUTERS
Oil traders across the globe are offering cargoes far in advance as rapidly vanishing demand drives key physical crude prices to multi-decade lows, ...
Wednesday, 01 April 20
MARKET INSIGHT - INTERMODAL
There is an old, allegedly Chinese, saying suggesting that living in “interesting” times usually refers to times of trouble. The latest ...
Tuesday, 31 March 20
FREIGHT MARKET: DRY BULKERS - SPOT MARKET 23-29 MARCH 2020
Capesize
The rebound in freight rates resumed this past week, with rates man-aging to post further gains by week’s end. The BCI is in negat ...
Tuesday, 31 March 20
DRY BULK: Q1 HAS BEEN THE WORST QUARTER NOTED FOR MORE THAN 3 YEARS NOW - ALLIED RESEARCH
At this point, the Covid-19 pandemic seems to be monopolizing all market (as well as all other) discussions across the world and any market insight ...
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- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- The University of Queensland
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
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