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Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
 Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close the week at $27,644. But in recent context, this cannot be considered as anything other than healthy, said Baltic Briefing in its latest report .
The Baltic Briefing further noted that, the Pacific round – and the backhaul – proved to be the biggest drivers. Both lost approximately 25 per cent on the week, although all routes posted losses – including the crucial Brazil round and north Atlantic fronthaul, which dropped 19 per cent and 13 per cent respectively on the week. Polling day in Singapore on Friday brought the week to an abrupt end, but Vale were said to be active on Thursday, being linked with a weaker C3 fixture at $18.50 basis a mid-August laycan. Nevertheless, broad sentiment remains strong. Several brokers indicated that the market had merely plateaued and was set for a renewed push next week, citing the iron ore forward curve as a pointer to China’s seemingly insatiable appetite for the material.
Panamax
According to the Baltic Briefing, a tumultuous week in the Panamax market ensured all markets gained value on the week. The Atlantic, which was the largest mover, saw rates attaining close to $3,000 overall. This was an improvement on the start of the week, with front-haul rates commanding large premiums to entice owners to consider same in consideration of losing their advantageous position for trans-Atlantic trips paying akin to $17,000. Shorter Baltic round trips were regularly fixed at $20,000 plus, whilst strong demand ex Black sea continued.
The Baltic Briefing said, charterers in one case reported placing tonnage delivery India for the same. In Asia, some genuine concerns now appear real, with new crew regulations enforced by the Australian Maritime Safety Authorities contributing to premium numbers paid to the few candidates able and confident enough to comply. But good all round demand this week has seen decent activity in the basin with circa $12,000 returning as average rates for the Kamsarmax fleet for vanilla P3A pacific rounds.
Supramax/Ultramax
BSI maintained its positive moves gaining 127 points over the week. With a lack of prompt tonnage in the Atlantic, some stronger numbers were being paid from key areas on the Ultramax vessels. From Asia the week was more staggered with less pressure from the Indian Ocean rates eased across the region.
Period activity was limited, but the Baltic Briefing said, a 63,000-dwt open far east end of August was failed for 11-13 months trading in the mid $10,000s. From east coast south America, ultraxmax vessels gained a 63,000 with eta on the coast end July was fixed in the upper $14,000s plus upper $400,000s ballast bonus. The US Gulf also saw increases and a ultramax was fixed at $18,000 for a trans Atlantic run. A short week with the holiday in Singapore on Friday slowed trading down. However, a 58,000 was reported fixed delivery South Korea for a NoPac rounds at $9,000. Elsewhere a 63,000-dwt was fixed delivery Arabian Gulf via Pakistan redelivery Bangladesh at $16,500.
Handysize
Commenting on Handy size sector, the Baltic Briefing says, the US Gulf market moved quickly this week, with decent volumes emerging – especially pet coke. Together with east coast South America, rates continued climbing which pushed the BHSI to a higher level. However, there was a bit of a division between the two basins.
Atlantic routes further improved throughout the week, but the Pacific remained slow. Brokers suggested a wider spread between owners and charterers particularly for Far East delivery vessels. Prompt tonnage supply in the East still appeared to be excessive with limited activity. On the period front this week, a 30,000-dwt open in the Continent was fixed for three to five months at $7,000. For single trip out of the US Gulf area, large Handy vessels were fixed to Brazil with clean cargo between mid $6,000s to mid $7,000s. A transatlantic run paid $9,600 for moving petcoke on an eco and well-described vessel. In the East, a 32,000-dwt delivery Vizag was fixed for a trip to Southeast Asia at $11,050.
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Friday, 21 August 20
BHP COMMITS TO SELLING ITS THERMAL COALMINES WITHIN TWO YEARS - THE GUARDIAN
Move follows pressure from investors but company stops short of full exit from coalmining
BHP has announced it plans to sell off its ...
Thursday, 20 August 20
MINER BHP CONFIRMS PLANS TO EXIT THERMAL COAL SECTOR - THE SYDNEY MORNING HERALD
The head of mining giant BHP has laid out plans for a reshaping of its global operations by seeking to quit thermal coal mining, offload some cokin ...
Thursday, 20 August 20
LONDON RETAINS ARBITER CROWN - BALTIC EXCHANGE | HFW
Fears that the UK’s decision to leave the European Union would dent the reputation of the nation’s capital as the leader in maritime ar ...
Wednesday, 19 August 20
U.S. COAL STOCKPILES STEADILY INCREASE AFTER REACHING LOWEST LEVEL IN A DECADE IN 2019 - EIA
After reaching their lowest level in more than a decade in March 2019, U.S. coal stockpiles steadily increased to 152 million tons in April 2020, r ...
Wednesday, 19 August 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.26 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.92 points Monday, down 0.26 percent week on week.
The index, released by Chi ...
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- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
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