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Thursday, 16 May 13
PANAMAX: THE FORWARD CURVE IS FALLING GRADUALLY - FEARNRESEARCH
Handy
The Atlantic market remained quiet. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The Pacific market remained uncertain as charterers holding rates and owners asking higher rates. However heard Supra open South China was fixed at low 8s for Indo-ECI rv. WCI-China is also easing off and rates getting weaker around USD 8-9k whereas ECI/China was quiet and rates were 6k, respectively. RBCT round was around USD 9k + 300 BB. Short period activity was limited and rate for large eco Supra was around USD 9k.
Panamax
Largely flat week particularly in the North Atlantic with limited with fresh cargoes. A few quick T/A runs brought some energy into the market and levels from about 8.5- 9k per day. East Coast South America remains steady with marginally lower rates but higher ballast bonuses due to congested Brazilian ports, typically 15,500 + 550k GBB. Fronthaul via Baltic reported at steady mid teens. In the Eastern hemisphere volumes are low and new business scarce. With a long list of open tonnage many owners still look for ECSA runs. SE Asian rounds between 6-7k and tick more for Nopac buiz. Marginal volumes on period, although 11-13 months done at 9k with optional 2-3rd year at high 9 and 10 flat. The forward curve is falling gradually, as could be the trend for the coming weeks.
Capesize
The positive run witnessed on the 4TC average appears to have slowed, with the index losing USD 650 w-o-w. Following last week´s firmer West Australia fixtures, tonnage in the high Pacific looks to be in surplus again and rates have come off. At the time of writing, USD 7.25 PMT has been concluded on this route by the major Australian shippers. The Atlantic and fronthaul routes remain quiet, therefore restraining any momentum generated in the Pacific. Looking forward to June and July, it remains to be seen whether the 4TC average will hold steady or deflate back to USD 4.5k levels of previous months. Consistent volumes across all fronts will be required for the latter to be prevented. Perhaps the most positive news of the week is a reported period deal for 3 years at a very strong USD15k per day. This also follows a recent trend of 2nd hand Cape plays from old players, which we hope indicates heightened confidence for the years to come.
Source: Fearnresearch
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- The University of Queensland
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
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