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Saturday, 11 January 20
SUPRAMAX: INDONESIA COAL RUNS, A 58,000DWT SHIP WAS RUMOURED FIXED DELIVERY KALIMANTAN, REDELIVERY WEST COAST INDIA, IN THE $4,000S - BALTIC BRIEFING
.jpg) Capesize
Closing out the first full trading week of 2020, the Capesize market is struggling to gain any solid positive upward traction. Opening the week at $10,825, the Capesize 5TC fell away to $9,020, before staging a small rally to close Friday at $9,438. The Pacific Basin fared much worse than the Atlantic, voyage rates were under strong pressure earlier on, with owners coming close to zero on earnings. Geopolitical troubles in the Middle East kept fuel prices strong adding to the cost woes for owners in this post-IMO 2020 era. High very low sulphur fuel spreads now range north of $300 in Singapore. Rates for transatlantic routes were seen to hold up better with tonnage to cargo ratios at healthier levels, the C8 ending the week at $14,500. Backhaul C16 was seen to take continual losses throughout the week closing Friday at -$4,000 as owners look to invest in re-positioning their vessel into the Atlantic.
Panamax
An active week with healthy volumes of fixing, particularly in the Atlantic, with East Coast South America grain demand for end January/beginning February shipment dates supporting the market here. There was limited transatlantic activity, but at the start of the week an 82,000dwt ship was able to achieve $12,000 for a trip via the Baltic to the Continent. On longer duration trips, an 82,000dwt vessel agreed $14,000 delivery North Coast South America for a transatlantic round. The highlight from East Coast South America to the Far East was a very nicely described 82,000dwt ship achieving $14,750 plus $475,000 ballast bonus. Conversely at the lower-end, a similar sized ship only achieved $13,100 plus a $310,000 ballast bonus. In Asia there was limited activity from the North Pacific and with Australian exports appearing slower rates continued to fall. A 75,000dwt ship was fixed for an Indonesian round trip delivery, arrival Indonesia, at $5,250 plus $55,000 ballast bonus. An 81,000dwt vessel was able to achieve a notable $7,500 for a North Pacific round with petroleum coke involved.
Supramax/Ultramax
A dramatic difference from this time last year, with the Baltic Supramax Index (BSI) closing the first week at 570, whilst in 2019 it was 946. Many said the Atlantic remained uninspiring. From East Coast South America, a 53,000dwt vessel rumoured fixed delivery Recalada for a transatlantic run in the mid $9,000s. From the US Gulf, a 63,000dwt ship was reported fixed for a trip to the Mediterranean in the mid $18,000s with petroleum coke. A 60,200dwt ship was also fixed from the area for a trip to Southeast Asia in the low $18,000s. The Asia market had a poor start to the year, with a lot of prompt tonnage. Ultramaxes seeing in the $7,000s for Australian rounds, whilst for Indonesia coal runs, a 58,000dwt ship was rumoured fixed delivery Kalimantan, redelivery West Coast India, in the $4,000s. The Indian Ocean also lacked support, a 55,000dwt ship fixing delivery Mongla trip, via East Coast India, to China in the high $3,000s.
Handysize
First week back for many was not inspiring, with rates in many areas under negative pressure. The Baltic Handysize Index (BHSI) started the week at 443 to close at 408. In the Atlantic it was a mixed bag, a 35,000dwt ship fixing delivery East Coast South America, redelivery West Coast South America, in the mid $16,000s. Whilst from the Mediterranean, a 33,700dwt ship was reported fixed delivery Canakkale trip via the Black Sea, redelivery Tunisia, in the low $4,000s. The Asian Basin remained in the doldrums, with routes throughout the week losing ground. A 28,000dwt ship rumoured fixed delivery Japan trip South East Asia at $5,500. As the week closed, a 35,000dwt vessel was rumoured fixed from the Far East to the Mediterranean basis bunkers only. The Indian Ocean saw a bit of activity, a 32,200dwt vessel was fixed delivery Karachi, redelivery South East Asia, in the mid $7,500s. Market participants looking firmly forward to see instability remains.
Source: The Baltic Briefing
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Thursday, 19 December 19
BANGLADESH'S NBR CUTS VAT ON COAL IMPORT FOR POWER PLANTS - THE DAILY STAR
The National Board of Revenue (NBR) reduced value added tax on the import of coal for power plants to 5 percent from present 15 percent for five ye ...
Wednesday, 18 December 19
AVERAGE PRICES OF COAL IN 2018 WERE MORE THAN 60% HIGHER THAN IN 2016 - IEA
Coal use grew again in 2018.
Global coal demand increased by 1.1%, continuing the rebound that began in 2017 after three years of decline ...
Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in ...
Wednesday, 18 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact ...
Tuesday, 17 December 19
AUSTRALIA ENERGY MARKET OPERATOR TURNS SCROOGE ON COAL LOBBY: RUSSELL
Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of t ...
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- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Planning Commission, India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
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