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Sunday, 09 June 19
SUPRAMAX: ASIA LOST GROUND; THE INDIAN OCEAN SAW SLOWER ACTIVITY - BALTIC BRIEFING
.jpg) Capesize
The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breaking with the recent boom bust volatility. Owners appear to be less inclined to overplay their hand, while taking the smaller improvements as they come, in what appears to be a sustainable market. The Cape 5TC opened the week at $12,987 and closed out Friday at $15,007. The West Australia C5 route opened the week at $7.223 to close at $7.732, with timecharter rates in the Pacific pushing up respectively, if not more so. The Atlantic, while still minimal on activity, lifted up on the C3 Brazil to China route, with a return of Vale having market requirements. Fronthaul levels lifted approximately $4,500 to close Friday at $29,227 as tonnage tightness takes its toll coming into the later stages of Q2.
Panamax
Despite being a disrupted week, with several holidays in the East, rates in the Pacific appeared to resist the negative sentiment emanating from other areas. There was a surprising volume of fixing spread across the various load areas. The North Pacific saw a steady trickle of enquiry, but minerals from Australia and Indonesia were more dominant. However, the index softened slightly throughout the week. The Atlantic began the week supported by an active North Coast South America fronthaul market, which took a good number of Atlantic delivery ships at between $19,000 and $19,500, basis Gibraltar, to the East. However, the lack of fresh transatlantic stems eventually told, with rates under a great deal of pressure at the end of the week. Talk of a Panamax concluded below $7,000 for a Baltic round. While a spot Kamsarmax in the US Gulf, waiting for two weeks for a coal cargo, did little to settle owner’s nervousness.
Supramax
It was a lacklustre week overall, with the Baltic Supramax Index (BSI) losing ground. This was not helped by the widespread holidays. Period activity was limited, but a 62,000dwt ship was fixed delivery Arabian Gulf, for three to five months trading at $12,500. The Atlantic started the week positively, however, as it progressed, a build-up of tonnage supply changed sentiment. The US Gulf lost ground, with a 56,000dwt vessel fixing for a transatlantic run to Egypt at $12,500. East Coast South America fared better, but rates started to trade sideways. A 57,000dwt ship was covered at $14,000, delivery Recalada, for a trip to the Mediterranean. From the Mediterranean, a 56,000-tonner fixed delivery Greece, with redelivery in West Africa at $9,250. Asia lost ground, with a 63,000dwt vessel, open CJK, fixing at $8,000 for an Australian round. The Indian Ocean saw slower activity than of late, a 56,000-tonner, open Mundra, fixing a trip to East Coast India-Bangladesh at $12,150.
Handysize
The Baltic Handysize Index (BHSI) continued climbing. Minor daily improvements maintained the index in the positive territory. In the Atlantic, a 34,000dwt ship was fixed from Southwest Pass to Algeria, with grains, at a rate in the low $7,000s. A 32,000dwt vessel, open spot in Algeria, was booked for moving fertilisers to South Brazil at $5,000, basis delivery Casablanca. A 35,000-tonner was linked to a trip to Otranto at $7,800, basis delivery Dneprobugsky. It was a short week in the Pacific, with public holidays in Singapore, Korea and China during midweek. Early in the week, medium to large handysize vessels were reportedly fixed for loading from Australia, at $11,000 basis Kwinana, to Indonesia, or, $8,000 basis South China to Japan. A 39,000dwt ship, open CJK, was fixed, and failed, on subjects for some business within the Pacific at $8,000, but the details were not clear. A 28,000-tonner, open Jebel Ali, was fixed for moving urea, via Ruwais, to Kosichang at $6,025.
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Deloitte Consulting - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- The University of Queensland
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
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