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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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Tuesday, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and ...
Tuesday, 26 April 22
INDIA'S COAL IMPORTS ARE SHIFTING, THERMAL MORE THAN COKING - REUTERS
India’s coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of Russia’s invasion of neighbouring ...
Monday, 18 April 22
GERMAN COAL IMPORTERS EXPECT A BRIEF SPIKE IN PRICES ON EU BAN - REUTERS
A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the c ...
Monday, 18 April 22
FINNISH 'LOOPHOLES' ALLOW IMPORTS OF RUSSIAN COAL AND OIL TO CONTINUE - EURONEWS
Activists in Finland are calling for the government to clamp down faster on state-owned companies that continue to import raw materials from Russia ...
Monday, 18 April 22
GOVT IN DISCUSSION WITH WORLD BANK ON FRAMEWORK FOR COAL MINE CLOSURE - BUSINESS STANDARD
The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday.
...
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- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- The University of Queensland
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Australian Coal Association
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
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