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Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
.jpg) Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest of the week, ending at $4881. Iron ore cargo trades from West Australia to China dominated early week business, while the Atlantic basin became active mid-week. A slim but constant trickle of business was heard out of Brazil heading to China, but details were hard to confirm. Thursday saw a flurry of North Atlantic fronthaul tenders by Korean and Japanese charterers. The North Atlantic tonnage situation is currently tight, with little activity. These tender fixtures gave an immediate lift to rates, lifting the bid offers in the Atlantic basin. Ending the week, holidays in the East made for a quiet market, while most eyes were fixed on tracking Cyclone Wallace’s arrival in what is hoped to be the last cyclone in the Pilbara region of West Australia for this season.
Panamax
Overall a relatively flat week, with a healthy volume of fixing. The Pacific has been heavily reliant on Indian coal demand for support. That has favoured the Kamsarmaxes which have been fixing in the mid/high $8,000s from North China via Australia, with the Panamaxes having to discount to compete. Despite small flurries of activity both Indonesia and the North Pacific were slower last week, which has put rates under some pressure. South America continued to be the driving force in the Atlantic, with a midweek surge in fixing from the North coast lifting rates for tonnage open around Gibraltar/Jorf Lasfar. This was supported by constant East Coast fixing, mainly, for end April dates. Tonnage supply appeared to be building in the North Atlantic, as transatlantic demand slowed. There was very little period talk, but a modern Kamsarmax fixed for nine to twelve months delivery Southeast Asia in the low $11,000s.
Supramax
It was a poor week overall for the Baltic Supramax Index (BSI), which lost ground. Period activity was limited, a 61,000dwt ship open Vietnam for mid-April was fixed one option, one year’s trading, at $11,500 and $12,500 respectively. East Coast South America remained active. A 52,000dwt vessel was fixed basis delivery Recalada for a trip to the Mediterranean at $13,000. From the US Gulf there was limited fresh enquiry, a 61,000-tonner was fixed to Egypt in the $13,000s. The Mediterranean and Continent also lacked impetus. With mid-week holidays in Indonesia, and in China later in the week, the basin lacked support, with limited fresh inquiry. A 60,000dwt ship was fixed delivery Kosichang trip via West Australia, redelivery China, at $9,000. A 58,000-tonner was covered basis delivery Singapore trip via Indonesia, redelivery South China, in the low $8,000’s. There was limited action from the Indian Ocean, a 63,300-dwt was fixed for South Africa redelivery Southeast Asia in the low $12,000s, plus $200,000 ballast bonus.
Handysize
The Baltic Handysize Index (BHSI) started to fall when it moved along to April, after having a good March, with all rates staying in the positive territory. Most of the index routes lost ground last week with key areas like the US Gulf and East Coast South America softening throughout the week. A 38,000dwt vessel open Denmark was fixed for moving a scrap cargo to the East Mediterranean at $11,850. A 33,000dwt ship was fixed from Santo Tomas de Castilla for a trip with nickel ore to the East Mediterranean. Another 37,000-tonner was booked from Southwest Pass to West Coast South America at $9,000, with end April dates. Meanwhile, the Pacific market also showed more signs of weakening once it was April. A 34,000dwt ship open CJK was reportedly fixed for a trip to redeliver in Israel at a rate around $4,000, and a 33,000dwt vessel, open Ulsan, was booked for a cement trip to Singapore at $7,750.
Source: Baltic Briefing
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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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- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- PTC India Limited - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
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