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Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
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The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week’s end. The BCI 5TC reduced from $11,182 at the end of the previous week to a low of $9,898 on Tuesday, but rebounded to $11,621 by Friday. Reasonable cargo volumes were reported out of West Australia to China with rates for C5 lingering around $6.50-$6.75, whilst time charter rates in the Pacific lifted from low to mid-teens level by Friday. In the Atlantic Basin sentiment was given a much needed boost mid-week, with an influx of fronthaul cargoes fixing at stronger levels. Early in the week it was heard that the Vale Brucutu mine had been ordered to close once again on the authority of a Brazilian high court ruling. The saga continues with no clear resolution date in sight. Closing Singapore iron ore week saw improved sentiment, with rates on an upward tangent.
Panamax
Last week appeared to be one of consolidation. The Atlantic in general was flat with South American front haul remaining around $15,500 plus $550,000 ballast bonus for modern Kamsarmaxes for May dates, whilst the North Continent tonnage supply appeared to tighten, although this hadn’t yet had much influence on rates. Tonnage open in the Mediterranean had fewer options as the Black Sea market remained quiet, but several modern Kamsarmaxes had been reported at $11,000 for North Coast South American grain rounds basis Gibraltar delivery, which was around $500 better than the previous week. The Pacific was very much mineral driven, with a good volume of activity from various loading areas, with coal into India again dominant. Sources suggested this was now the direction of choice, meaning rate levels to remain in the Pacific had come under a little pressure, although so far this remained very positional.
Ultramax/Supramax
On the back of better demand from some areas, the Baltic Supramax Index (BSI) made overall gains last week. Period activity however remained patchy: a 55,000dwt vessel fixing delivery Tianjin for four to seven months trading redelivery worldwide at $6,500 for the first 30 days and $9,500 thereafter. In the Atlantic, East Coast South America, the larger sizes improved. An Ultramax fixed at around $14,000 plus $400,000 for a front haul. However, smaller sizes remained flat. It was also fairly flat elsewhere: a 58,000dwt ship fixed from the US Gulf to Italy with petcoke at around $11,000-$11,500 region. From Southeast Asia the market saw better demand: a 56,000-tonner fixing delivery for a Campha trip via Vietnam, redelivery China, at $9,000, with a 57,000-tonner fixing delivery Samarinda trip to West Coast India at $8,250 plus $80,000 ballast bonus. The Indian Ocean had increased activity, with Ultramax vessel’s fixing at around $12,000 plus $200,000 ballast bonus, delivery South Africa, redelivery Far East.
Handysize
A lacklustre week on the Handysize with many brokers saying the market lacked fresh impetus. Limited period activity surfaced: a 37,000dwt ship being fixed delivery Singapore for four to six months trading redelivery worldwide in the low $8,000s, while a 37,000dwt vessel open Cristobal for four to six months, redelivery Atlantic at low-mid $9,000s. From the Atlantic some said East Coast South America struggled. A 38,000-tonner rumoured fixed delivery Plate, redelivery Peru, in the mid $13,000s. Elsewhere a 31,000dwt ship fixed from the Continent to the East Mediterranean in the low $9,000s and a 37,000dwt vessel also fixed from the Continent for a trip via the Baltic to west Africa in the mid $9,000s. Little surfaced from the Asian basin, but a 37,000-tonner open Weihai was reported being fixed for a trip with steels in the mid $5,000s, however some described this as low. Many are now looking to this week to see if improvements can be made.
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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Australian Coal Association
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- ASAPP Information Group - India
- Planning Commission, India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- The University of Queensland
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
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