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Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
 Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the week gave slim hopes that the market may recover faster than anticipated. The Capesize 5TC lifted +402 to close the week out at $2394. Market troubles have been well brewed this year. With a concoction of interrupted cargo supplies, vessels racing on cheap bunkers, weather events, and demand destruction amid the Covid-19 pandemic, the market is in need of a positive. The iron ore stockpile situation in China has inventories dropping sharply, which will surely require tonnage. Half way through Q2 – and with many economies looking to re-open – there is talk of infrastructure spending to rekindle the flames, which will again require iron ore. While not an immediate relief, prospects are not all bleak. The West Australia to China C5 closed up +.314 to close the week at $3.942. While the Brazil to China C3 was heard to be better bid closing out the week up +.28 settling at $6.975.
Panamax
Rates in the Atlantic came under severe pressure this week. Sizeable losses on the respective routes, with absent mineral demand and long tonnage counts alleviated by ballaster numbers from the East in recent weeks, only compounded a bleak situation. Asia appeared to resist the negative sentiment emanating from other areas. There was a healthy volume of fresh enquiry and volume of fixtures, with the North Pacific seeing a steady flow of enquiry. However, minerals from Australia and Indonesia were the more dominant. End-week rates here were looking softer in most areas. EC south America saw healthy levels of fixing throughout the week but index-type tonnage by Thursday were only capable of achieving sub $11,500 + $150,000 numbers delivery at the port with a ballast bonus. NoPac rounds in the pacific hovered around the $6,000 for 82,000dwt, whilst the median rate for shorter Indonesian round trips lent towards the $5,000 mark.
Supramax/Ultramax
With a few areas in the world slowly getting back to a ‘new normal’, demand on the Ultramax/Supramax size increased. However, this split into two main camps with the Atlantic overall still soft, whilst from Asia and the Indian Ocean activity levels and rates increased. Little was reported on period activity. But a 56,000-dwt open Kandla was failed for five to eight months trading in the high $5,000s for the first 40 days – and $8,000 thereafter. From the Atlantic, east coast South America lacked enquiry with Supramax being fixed in the $4,000s for transatlantic runs. The east Mediterranean / Black Sea saw increased activity with cargo and tonnage being a little more balanced. All Asian routes gained ground during the week, a 55,000 open Iligan fixing at $6,500 via Indonesia redelivery India. The Indian Ocean had pent up demand, with a 63,000 fixing delivery South Africa for a trip to the Far East at $11,000 plus $150,000 ballast bonus.
Handysize
Midweek, the BHSI reached its lowest point of the year, with the same level last seen in early March 2016. The downward momentum in the Atlantic remained in all key areas. However, positive sentiment gained pace in the Pacific, with better rates discussed and more activity appearing in general. A mid/large Handy vessel was fixed from the north coast South America for a trip to the Far East at a rate close to mid $7,000s. A 37,000-dwt was fixed from Norfolk for a trip to the Continent/Baltic and a 33,000-dwt was fixed from Southwest Pass for a trip to east Mediterranean both at $2,500. In the East, more logs cargoes from New Zealand lent support and put vessels in Southeast Asia in demand. A 33,000-dwt open spot in CJK was fixed at $3,500 for a trip to Southeast Asia.
Source: The Baltic Briefing
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Friday, 08 May 20
THE COLLAPSE OF THE OIL AND BUNKER FUEL MARKETS IN EARLY 2020 - PETER SAND
The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipp ...
Friday, 08 May 20
LNG DEMAND FACED SEVERAL HEADWINDS IN THE FIRST QUARTER OF 2020 - GASLOG
LNG demand faced several headwinds in the first quarter of 2020 including a warmer than average winter in the northern hemisphere, high inventory l ...
Thursday, 07 May 20
IEEFA UPDATE: THE OUTLOOK FOR THERMAL COAL IN SOUTHEAST ASIA AND SOUTH ASIA
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is posit ...
Thursday, 07 May 20
IMO 2020: BUNKER CLAIMS HANDLING GUIDE FOR A NEW DECADE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
IMO 2020 is the term generally used to describe the following regulations under Annex VI of the International Convention ...
Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China d ...
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- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Central Electricity Authority - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
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