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Sunday, 28 July 19
ULTRAMAX - INDONESIAN COAL CARGOES SAW A 63,000DWT SHIP FIXING DELIVERY FOR A SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY CHINA, AT $11,700 - BALTIC BRIEFING
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The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The 5TC opened the week at $32,765 and closed on Friday at $27,145. It became apparent on Monday that the market was sliding. Tuesday brought about a modest decline on all routes before the storm clouds gathered. Wednesday it dropped throughout the day, with most activity centred on C3 and C5 routes. Thursday erosion continued on all routes, but by the end of the trading day a floor had been found to close the week with a small rebound. The West Australia to China rollercoaster opened the week at $10.90, rising quickly to $11.145, then plummeted to $9.336 to close out the week at $9.77. The Brazil to China C3 big dipper opened the week at $27.518, reached a low of $22.614, before closing out at $23.145. Rate levels are still considered high for recent times while the nerves of a few are surely being tested.
Panamax
There was a change in sentiment last week, with rates coming under pressure and owners struggling to maintain last done levels. It was expected after a prolonged period of gains, although whether it is a genuine change in market direction, or a short term correction, is still a matter for discussion. The fundamentals in the North Atlantic remain unchanged, so only early ships, or ballasters, seemed willing to reduce their ideas to find cover. However on Friday many marked the Index down heavily. South America was said to be very positional, with mid-August firmer than earlier or later August dates. The East witnessed a sharper correction as the recent unexpected levels had been driven by the rapidly improving Atlantic market, Cape and FFA markets, with the latter two softening this week. Period trades have also been affected by the decline in paper values, although these appeared to recover some ground by the end of the week.
Supramax/Ultramax
It was a week of mixed fortunes, with a change of direction, mainly seen in the Atlantic, from the recent increases on the Baltic Supramax Index (BSI). Limited period activity surfaced, but a 52,000dwt vessel open South China was fixed for 9-11 months trading at $9,500. Key areas such as the US Gulf and East Mediterranean saw slides in rates as fresh enquiry became scarce towards the week’s end. A 62,000-tonner was fixed from the US Gulf to the East Mediterranean at around $18,000. Brokers also reported lower activity than of late from East Coast South America. The Asian market remained active, but routes saw negative moves towards the end of the week. Indonesian coal cargoes saw a 63,000dwt ship fixing delivery for a South China trip via Indonesia, redelivery China, at $11,700. North Pacific cargoes saw a 53,200dwt vessel fixed delivery Tonda via the US West Coast, redelivery China with petcoke, at $9,350. Indian Ocean rates remained steady, a 55,000dwt vessel covering delivery South Africa, redelivery Arabian Gulf – West Coast India, at $12,750 plus $275,000 ballast bonus.
Handysize
Whilst other sectors showed declines last week, the Baltic Handysize Index (BHSI) still made gains overall, despite signs of slowing down in the US Gulf. The market calmed down across most of the key areas in the Atlantic, whilst the Pacific market remained firm and stable. A 30,000-tonner open Port Said was booked for a trip redelivery in the US Gulf at $9,000 early in the week. A 39,000dwt vessel was fixed from North Brazil for a grain run to the US Gulf/Caribbean range at $18,000. In the east, a 28,000dwt ship open Thailand was failed on subjects for moving sugar to Indonesia at $7,000 and later on was fixed again for a similar run at the same level. A 33,000-tonner open Indonesia was fixed for an Australia round voyage at $9,500 and a 38,000dwt ship open in the Philippines was fixed for Southeast Asia redelivery at $10,500.
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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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- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- ASAPP Information Group - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Economic Council, Georgia
- The Treasury - Australian Government
- MS Steel International - UAE
- Malabar Cements Ltd - India
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