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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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Showing 16 to 20 news of total 6871 |
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- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
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