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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
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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Thursday, 30 June 22
FINANCIAL GAINS SUPPORT COAL TRANSITION - BALTIC EXCHANGE
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Thursday, 30 June 22
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Thursday, 30 June 22
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The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market ...
Thursday, 30 June 22
SHANXI PROVINCE RAISES ANNUAL COAL OUTPUT TO 1.3 BILLION TONS TO ENSURE CHINA’S ENERGY SUPPLY - GLOBAL TIMES
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Thursday, 30 June 22
DIVERGENCE BETWEEN HIGH- AND LOW-GRADE THERMAL COAL PRICES IN APAC TO NARROW - FITCH RATINGS
Prices between high- and low-grade thermal coal in Asia-Pacific (APAC) have diverged since late March 2022, but Fitch Ratings expects the gap to na ...
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- Independent Power Producers Association of India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Australian Coal Association
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
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