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Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and New Year break, the Pacific market saw two active miners, contributing to a somewhat optimistic sentiment initially. However, reports of a derailment in Western Australia introduced an element of uncertainty, leading to a decline initially of approximately $1.00-$1.20 on C5 at the beginning of the week. The Atlantic market also faced challenges, with a tightening tonnage list and a widening gap between bid and offer prices. Despite heightened activity in the Pacific on Thursday, the market pressure resulted in a further decline on C5, although there was a feeling that the market was starting to find a floor. This appears to be the case with two miners today having to increase their bid to attract offers, resulting in a slight uptick of approximately 30 cents today C5 as the week draws to a close. In the Atlantic, vessel tightness persisted, particularly for tonnage reaching south Brazil within January dates. Limited activity was observed for the first half of the week, but the prevailing tight conditions, coupled with an increase in activity towards the end of the week, resulting in positive reports of stronger fixtures, has maintained a bullish, yet positional, sentiment in the market. Overall, the BCI 5TC has been positive this week, which started at $28,896 and has closed today at $31,497.
Panamax
Following the Christmas holiday, the Panamax market began sedately across the board, followed by rates coming under pressure from the outset. Downward pressure emanated primarily from a build-up of tonnage, unfixed over the festive period but also from a lack of demand in both basins all week, forcing cheaper levels to be conceded by owners. Following a softer finish to 2023, higher ballaster count from Southeast Asia only compounded to the weaker market. And, with Asia massively unsupported, the immediate outlook appeared extremely bearish; $13,000 was agreed on an 82,000-dwt delivery China for a NoPac round trip but such rate unrepeatable come the end of the week. From the Atlantic, $24,000 was agreed on an 85,000-dwt delivery NW Africa for a long duration trip via US Gulf into the Arabian Gulf with routing via Cape of Good Hope. Some recent period coverage emerged with reports of an 82,000-dwt delivery China achieving $16,250 for one year’s period.
Ultramax/Supramax
Not surprisingly it was a rather muted start to the New Year after the widespread holidays. The Atlantic remained rather sluggish in the South with limited fresh enquiry appearing and a good amount of prompt tonnage available. As the week progressed, some saw slightly better levels of enquiry from the US Gulf although limited fixing appeared. From Asia, brokers suggested that there was little fresh activity from the NoPac and Australia although there seemed to be a reasonable amount of activity from the South. There was little period action although a 63,000 open China was heard fixed for four to six months trading redelivery Singapore-Japan at $17,000 with scrubber benefit for charterers. From the Atlantic, a 63,000-dwt was heard fixed delivery US Gulf trip redelivery East Mediterranean at $26,000. In Asia, a 56,000-dwt fixed delivery Philippines trip via Indonesia redelivery South China at $12,000. From the Indian Ocean, rates remained fairly healthy, a 64,000-dwt fixing delivery Navalakhi trip via Oman redelivery Chittagong at $20,000.
Handysize
After recent holidays, the Atlantic market witnessed large corrections on BHSI this week, with cargo availability limited across the region. On the continent, a 32,000-dwt was fixed basis delivery in Rouen for a trip to Morocco with grains at $11,000, whilst in the Mediterranean a 35,000-dwt fixed from Safi to EC South America at $7,000 and a 38,000-dwt was rumoured to have fixed from Alexandria to Bilbao with an intended cargo of steels at $11,000. The US Gulf also saw reductions as a 39,000-dwt was rumoured to have been fixed from SW Pass to the Black Sea with grains in the low $20,000’s. In the South Atlantic, a 37,000-dwt fixed from Santos to Morocco with a cargo of sugar at $20,000, whilst a 43,000-dwt fixed from Recalada to Venezuela with a cargo of grains at $22,000. Asia was more balanced with an unknown handy fixing from China via Indonesia for a round trip at $9,200 but further information was limited.
Source: Baltic Exchange
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Tuesday, 23 May 23
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Saturday, 20 May 23
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MARKET INSIGHT - INTERMODAL
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Showing 101 to 105 news of total 6871 |
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- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- The University of Queensland
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
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