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Monday, 13 April 20
SUPRAMAX: A 56,000DWT SHIP WAS FIXED DELIVERY PARADIP, REDELIVERY CHINA, AT $4,700 - BALTIC BRIEFING
 Capesize
The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordinary before surging on Tuesday prior to the index publishing. Improved South African loading options and activity out of Brazil were cited as the cause. Countering that, Vale announced that same evening it forecast cuts to iron ore output due to Coronavirus lockdowns. The market remains a touch above OPEX levels, with the Cape 5TC closing the week at $5,949. Cargo supply remains weak, while Covid-19 fallout looks set to increase over the coming weeks. The West Australia to China C5 route was at the centre of Tuesday’s lift. It opened the week at $4.223, lifted to $5.395, to close out Friday at $4.923. A wide spread of earnings has now opened between the Pacific Basin C10 at $7,954 and the Atlantic Basin C8 at $4,620. The Baltic Capesize Index (BCI) lifted this week out of negatives, from -91 to 319, illustrating the improved situation.
Panamax
The Panamax market roused in the early part of the week, supported in tandem with FFA gains witnessed. The Pacific has been largely driven by strong demand out of the North Pacific. That has favoured Kamsarmax vessels, which have been fixing at rates ranging from $7,000’s to $8,000s, depending on delivery. South America continued to be the driving force in the Atlantic. However, there were a few signs this was starting to be eroded somewhat by the plausible Ultramax arbitrage opportunities. Nonetheless, decent types were still able to achieve midweek rates in the mid- $9,000’s, some up to $10,000 with Southeast Asia deliveries. Tonnage supply appeared to be building in the North Atlantic, as transatlantic demand slowed. There was very little period talk, but a modern Post Panamax fixed for thirteen to fifteen months, delivery China, for a discounted rate of $4,000 for first 60 days and $8,500 thereafter for balance of period.
Supramax/Ultramax
The influence of the Covid-19 effect was dramatic over the last week, with the Baltic Supramax Index (BSI) losing over 100 points. Period activity remained quiet, but a 62,000dwt vessel, open Taiwan, was rumoured fixed for four to six months in the mid $9,000s. Brokers said the Atlantic lacked impetus, certainly from the US Gulf, with tonnage availability growing. However, in contrast, the South Atlantic saw increased activity. A 63,300dwt vessel fixing delivery Recalada trip, redelivery Morocco, at $10,000. For fronthaul business, Ultramax vessel sizes were getting in excess of mid $11,000’s, plus over $150,000 ballast bonus, redelivery Singapore-Japan. The Asian arena similarly suffered, with little fresh cargo and prompt tonnage availability across the region building. A 52,000dwt ship fixing delivery Singapore trip, via Indonesia, redelivery Taiwan, at $3,100. Further north, an Ultramax was fixed delivery Busan via the North Pacific, redelivery Bangladesh, at around $7,000. Little was seen from the Indian Ocean, but a 56,000dwt ship was fixed delivery Paradip, redelivery China, at $4,700.
Handysize
The slow movement and weakening sentiment from last week further continued, especially in the Atlantic. Pressure on rates remained on more spot tonnage being built up, whilst the overall activity was still minimal in East Coast South America and the US Gulf. However, towards the end of the week, some brokers saw slightly more cargoes in the market for second-half April dates. A 34,000dwt ship was fixed for moving grains from Rouen to the West Mediterranean at $7,100. A 29,000dwt ship, open in Constanza, was fixed for a trip via the Black Sea to Morocco at $6,800. In the East, a 44,000dwt ship, open Singapore, was fixed for a trip via Indonesia to China at $2,500, and a 32,000dwt ship, delivery in Fujairah, was fixed for a trip to Taiwan at $4,500.
Source: Baltic Briefing
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Thursday, 16 April 20
CHINA'S BENCHMARK POWER COAL PRICE FALLS 5 YUAN PER TONNE - XINHUA
China’s benchmark power coal price fell by 5 yuan (about 70 U.S. cents) per tonne during the past week.
The Bohai-Rim Steam-Co ...
Thursday, 16 April 20
MARKET INSIGHT - INTERMODAL
As everyone anticipated the results of the OPEC + G20 meeting last week, it was very interesting to watch the reaction of tanker rates that were in ...
Saturday, 11 April 20
FAQ: COVID-19 AND CLUB COVER - UK P&I
KNOWLEDGE TO ELEVATE
The Coronavirus (COVID-19) pandemic has generated a significant number of enquiries and questions from Members in recent ...
Saturday, 11 April 20
KOEN POWER PLANTS INVITED BIDS FOR 1.5 -1.62 MMT OF STEAM COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,500,000-1,620,000 Metric Tons (M ...
Friday, 10 April 20
INDIA'S BULKS SUPPLY CHAIN TAKES A HIT DURING LOCKDOWN - WOOD MACKENZIE
India is under a three-week lockdown from 25 March to contain the spread of the coronavirus outbreak. Businesses are shut, and the supply chain is ...
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- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Planning Commission, India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Economic Council, Georgia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
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