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Saturday, 02 March 19
A 60,500-TONNER WAS BOOKED DELIVERY SINGAPORE, VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $11,250 - BALTIC BRIEFING
Capesize
Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all areas. There were operators still shipping from Brazil, with the rate from Tubarao to China hovering around the mid $12.00s for end March. Rates for Brazil/Continent runs also slumped, with a 180,000-tonne, 10% cargo, fixed from Itaguai to Rotterdam at $4.50 for 26-29 March. Further north, tonnage remained relatively limited, but the bearish tone remained pervasive, with an eco 179,000-tonner coming from Cape Passero and fixing from Gibraltar for a Colombia/Turkey run at something over $6,500, plus a $70,000 bonus. In Asia, the West Australia/China rate held over $5.00 for most of the week, but fell to $4.80 for 9-11 March, and slightly more for later dates. However, a 169,000-tonne 2010-built vessel was booked retroactive 19 February for an East Coast Australia round at $5,000. There were still period takers, with operators still there and a 179,000-tonner booked for around a year at 107% of the Baltic Capesize Index (BCI) 5-timecharter.
Panamax
Last week saw pockets of improvement and sentiment is now optimistic. The Pacific was mainly driven by North Pacific and Indonesian demand. A very well described JMU Kamsarmax was fixed at $10,500 daily for a North Pacific round voyage, with most other trades now being bid up on last done. South African coal demand continued its recent upturn in volume, which has helped the South American market. A 2009-built Panamax vessel covered on subjects at $13,350 plus $350,000 ballast bonus at the end of the week was up from around $12,000 plus $200,000 ballast bonus the previous week. The North Atlantic continued to struggle, with a lengthy tonnage list for transatlantic business, but fronthaul rates also increased via North Coast South America. With improved sentiment and increasing paper values, period fixing was again prevalent, with one-year fixtures again emerging at between $11,000 and $11,500 on Kamsarmaxes.
Supramax
It was a more active week on the period front, with a 60,000-dwt vessel, fixed delivery Indonesia, for a short period in the $13,000s. From the Atlantic, a 55,000-dwt ship fixed delivery Fortaleza for 7-10 months, trading with redelivery Atlantic and Singapore-Japan at $12,000. Improved numbers were discussed from East Coast South America and a 63,000-dwt vessel fixed for an upriver trip to the Mediterranean at around $12,250. However, the US Gulf lost ground and a 61,000-tonner went delivery Houston to Spain at $11,000. There were steady rates from the Continent, as a 53,000-dwt ship fixed a scrap cargo to the East Mediterranean in the $9,000s. Increased activity from the Asian market pushed levels up. A 58,000-dwt vessel open Singapore fixed a trip via Indonesia, redelivery China, at $12,500. For India direction, a 60,500-tonner was booked delivery Singapore, via Indonesia, redelivery West Coast India, at $11,250. There was limited activity from the Indian Ocean, although a 61,400-dwt ship fixed delivery to the Arabian Gulf, end February, for a trip redelivery India at $8,250.
Handysize
Overall the index remained in positive territory this week, with improved activity from both basins. Coincidentally, most of the fixture information gathered this week was at the level of $8,000, regardless of the route, in both the Atlantic and Pacific. From East Coast South America, a 35,000-dwt vessel was fixed for moving coils to Marmara at $9,250. A 38,000 tonner was fixed from the Caribbean, with redelivery on the Continent, at a rate in the $8,000s. A scrap cargo was said to have been concluded at a similar level on a Handysize vessel from the Continent to the East Mediterranean. Another 38,000-dwt ship with Jamaica delivery was reportedly fixed at $8,500 for a trip to Norway. In the East, more activity was reported, with positive sentiment driving up the mood. Brokers suggested better numbers were discussed, but few fixtures came to light including period deals. From the Persian Gulf, a 35,000-dwt vessel open Port Khalifa was booked for a trip with sulphur to East Coast India at $8,500.
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Australian Coal Association
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
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