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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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Friday, 29 May 20
DRY BULK SHIPPING: NO QUICK RECOVERY FOR THE DRY BULK MARKET AS COVID-19 DIGS DEEPER
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to wo ...
Thursday, 28 May 20
COVID-19: A FORCE MAJEURE EVENT? - KYPRIANOU
KNOWLEDGE TO ELEVATE
While seeing the unexpected COVID-19 outbreak expanding worldwide and the first cases being identified in Cyprus, the com ...
Thursday, 28 May 20
OIL DEMAND RECOVERED BY 20% IN MAY AGAINST APRIL: RUSSIAN ENERGY MINISTER - TASS
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said, cited by the ...
Thursday, 28 May 20
MARKET INSIGHT - INTERMODAL
Earlier in May, China’s top leaders convened for the annual National People's Congress, following over two months of delays due to the co ...
Wednesday, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.
The index, released by China ...
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- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
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