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Monday, 22 June 20
KAMSARMAX TYPES REGULARLY HIT THE $9,000 PER DAY LEVEL FOR INDONESIAN COAL RUN TO CHINA, BALTIC BRIEFING SAYS
 Capesize
The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced. Opening at $12,410, the sector had almost doubled to $25,511 by the end of the week as the Atlantic basin surged into life v reported in its latest weekly update.
Baltic Briefing further noted that, a barrage of negative fundaments in recent times has weighed heavily on Cape demand and pushed imbalances into the fleet positioning. Strengthening iron ore demand in the Far East has been answered by fronthaul loading location sparking a revival of sorts. The Atlantic Basin, bereft of business weeks back, has now reached unexpected heights settling at $23,850 – a lift of +$15,200 on the week. The Pacific Basin was largely swept up in the sentiment this week, as it was forced to compete for vessels being lured away to greener pastures. Voyage route C5 West Australia to China reached a high Thursday at $8.918 to drop slightly to $8.841 to close the week. Ending Friday the Capesize 5TC posted its smallest daily gain for the week of +231 and appeared to have reached an altitude too high to survive.
Panamax
Commenting on Panamax, Baltic Briefing says, a dramatic week in the Panamax world with the Atlantic market sparking into life. Route P1A marked at $4,670 on Monday and virtually doubled in value over the week, whilst P2a gained well over $3,000 on the week too. Tight tonnage count in the north Atlantic for June and improved demand from the US Gulf – as well as steady flow from EC South America – were the main contributors to said push. In Asia, Baltic Briefing further says, a less frenetic pace, but a week in which saw the market gain in values. Solid coal demand from Indonesia being the main demand driver, as well as sourcing of tonnage in the Asian basin for US Gulf and EC South America trade all impacted rates. On the Indonesian coal run to China, several Kamsarmax types regularly hit the $9,000 level for such trade. Confidence in the market for the rest of the year gave testament to an improved number of period fixtures this week, the highlight being an 81,000dwt achieving $12,500 for short period.
Supramax/Ultramax
According to Baltic Briefing, BSI, like the larger sizes, gained during the week closing 45 points up from Monday. Increased demand was seen from a few key areas. A 61,000-dwt open US Gulf, fixing nine to 11 months, at $11,150 with redelivery Atlantic. From Asia a 58,000-dwt open north China, fixed three to five months, in the low $9,000s. From the Atlantic increased enquiry from east coast south America helped rates with Ultramax sizes being covered in the upper $12,000s, plus upper $200,000s ballast bonus for fronthaul business. From the Continent there was also stronger demand. A 57,000-dwt fixing a trip to the east Mediterranean with scrap in the upper $7,000s. Like the previous week, the Indian Ocean remained firm and drew vessels from south east Asia. A 56,000 fixing delivery Gresik trip via South Africa redelivery in the far east at $10,000. Nickel ore demand remained a 61,000-dwt fixing delivery Tianjin via Philippines redelivery south China at $8,500 option north China at $9,000.
Handysize
Rates remained strong in both basins and further improved throughout the week. The Continent and Mediterranean market saw better numbers compared with last week, whilst east coast South America and the US Gulf continued firming up. Particularly in the East, the Pacific routes recorded the highest values since 2020 began with the rates gaining over $3,000 respectively on each route over the last 40 days. Mid-sized Handysize were fixed from east coast South America in the range of $7,000 to $8,000 for a transatlantic run. Handy vessels were reported fixed from Canakkale for a trip via east Mediterranean / Black Sea to redeliver in the US Gulf in the mid/low $5,000s. A 35,000-dwt delivery in the Philippines was fixed for a trip to China in the mid/high $8,000s and a 34,000-dwt open Indonesia was fixed for a steel trip via Indonesia to Hong Kong in the low $8,000s.
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Wednesday, 24 June 20
MARKET INSIGHT - INTERMODAL
The World Bank estimates that the global economy will fall by 5.2% this year, underlining that the Covid-19 pandemic has had rapid and massive cons ...
Tuesday, 23 June 20
COVID-19 COULD CAUSE A BOOM IN COAL POWER - RYSTAD ENERGY | OILPRICE
COVID-19 has not only impacted the energy industry’s revenues but also its infrastructure development.
The delay of new natural gas ...
Tuesday, 23 June 20
CHINA'S COAL OUTPUT UP 0.9 PCT IN JANUARY-MAY: XINHUA
Output of raw coal in China rose 0.9 percent year on year to 1.47 billion tonnes in the first five months of this year, official data showed.
& ...
Saturday, 20 June 20
WORLD OIL DEMAND IS PROJECTED TO DECREASE BY 9.1 MB/D IN 2020 - OPEC
Crude Oil Price Movements
Spot crude oil prices rebounded in May from low levels registered a month earlier, as physical market fundamentals im ...
Saturday, 20 June 20
NO ESCAPING GLOBAL TRADE SLUMP - BALTIC EXCHANGE
Those hoping for a decent recovery in trade in the second half of the year should prepare for disappointment.
New data from the Unit ...
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- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Interocean Group of Companies - India
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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