Next Shipment, page-231

Just looking at the offtake updates.

Guangdong Weihua's new offtake seems to be designed to absorb some of the potential pain of the sub US$600/t pricing that will likely come before things improve.

* First contract period has a confirmed quantity of 50,000 dmt to be delivered to Weihua by February 2020.
*

Minimum price of US$585 dmt (CIF basis) and maximum price of US$695 dmt (CIF basis) for the first contract period. ​

* The first shipment under the BOA of approximately 10,000 dmt is scheduled to load in August.

After this period, the usual US$550 floor and US$950 ceiling are back.

So the shipping list so far....

SHIPPING SCHEDULE
Q4 18
1 - Lionergy - MV Clipper Tenacious - 4726t (9/10)
2 - Unknown - Emerald Enterprise - 4825t (20/10)
3 - Lionergy - Industrial Royal - 4900t (6/12)
4 - Ganfeng - Hamburg Way - 8000t (28/12)

Q1 19 - 15692t
5 - Densa Cheetah - 7700t  (20/2)
6 - Industrial Ruby -   7992t (13/3)

Q2 19 - 41972t
7 - TS Delta - 8582t (2/4)
8 - AAL Nanjing - 8969t (21/4)
9 - Glorious Starlight 8900t - (19/5)
10 - Coreocean 15521t (29/6)

Q3 19 - 32900t
11 - Pacific Pioneer 13700t -  (9/7)
12 - AAL Dampier 9200t (29/7)
13 - ????  10000t

So about half way through Q3, sitting on 22.9kt with 10kt more expected this month.  Another shipment beyond this isn't hard to imagine.  I'll keep an eye on Nightflyer's spycraft