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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, 22 November 19
FORTY PERCENT OF ADARO'S COAL SALES VOLUME IN 9M19 GOES TO THE SOUTHEAST ASIA REGION
PT Adaro Energy Tbk released its consolidated financial statements yesterday, for the nine month period, ending September 30, 2019.
...
Friday, 22 November 19
UNCERTAINTY IN THERMAL COAL MARKET PERSISTED IN 3Q19 - ADARO
Uncertainty in thermal coal market persisted in 3Q19, mainly due to the actions, or inactions, of China in setting policies for global coal market. ...
Friday, 22 November 19
CIL TO DEVELOP 55 NEW COAL MINES IN NEXT 5 YEARS: COAL MINISTER
State-owned CIL will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed. The company is also un ...
Thursday, 21 November 19
4TH DEEP OFFSHORE WEST AFRICA CONGRESS 2020
4th Deep Offshore West Africa Congress 2020
17 Janaury 2020
Accra, Ghana
Press Release: Following the great succ ...
Thursday, 21 November 19
INDONESIA PLANS TO KEEP $70/T COAL PRICE CAP FOR PLN, DMO - REUTERS
Indonesia’s energy minister Arifin Tasrif said his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- The University of Queensland
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Parliament of New Zealand
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
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