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Saturday, 18 January 20
A 61,400 DWT FIXED FROM SOUTH EAST ASIA DELIVERY EAST KALIMANTAN REDELIVERY WEST COAST INDIA IN THE LOW $7,000S - BALTIC BRIEFING
 Capesize
The market was relatively stable over this past week putting an end to the past months of more extreme declines. While the Capesize 5TC still softened marginally, opening the week at $9,438 and closing it at $8,352, market fundamentals appear to have stabilised with a dismal floor for owners in the Pacific and a tight tonnage situation in the Atlantic commanding a premium. In the Pacific the C5 closed out the week at $6.832 with the Pacific round C10 trading at $3,871. While bunkers gave a bit of reprieve earlier in the week helping owners, voyage rates declined in the Pacific putting earnings at firmly sub OPEX levels for standard vessels. Fixing activity has been mild throughout the week with Friday being very quiet. The Atlantic basin’s C8 closed out the week at $14,440 dropping -$1,035. With Chinese New Year officially starting next week on 24 Jan, most traders will be preparing for an impending quiet market. Whether this results in a ramp up of trading activity in the coming shortened week remains to be seen.
Panamax
A fluctuating week in the Panamax market. After a slow start it showed small green shoots of recovery by mid-week only for activity to appear to slow again come the end of the week. However, these gains are still some way shy of levels the market witnessed only one month ago. East coast South America again continued to be the main driver lending support to the market not only in the Atlantic but also south east Asian tonnage positions. A rate of $15,000+$500,000 was concluded on an 82,000dwt for East Coast South America to Far East. The Pacific market saw some improvement with healthier demand in the north with an 82,000dwt able to achieve $7,500 for a North Pacific trip basis a China delivery, further south the Indonesia round trips were more akin to $5,000+$60,000 gross ballast bonus delivery APS delivery port for 82,000dwt.
Supramax/Ultramax
A lacklustre week again with many areas seeing negative movement. Limited period activity surfaced an Ultramax open north Asia obtaining $10,750 for 4 to 6 months trading, however there was generally a large gap between owners’ and charterers’ ideas. The Atlantic suffered with a plentiful supply of tonnage despite some areas seeing improved enquiry. A 63,000dwt fixing delivery Continent trip redelivery east Mediterranean at $9,500. A 63,300dwt fixed delivery Turkey for a fronthaul at $16,500. As the week closed better levels of enquiry were noted, but again tonnage supply remained strong. From south east Asia a 61,400dwt fixed delivery east Kalimantan redelivery west coast India in the low $7,000s. NoPac business was seen a 58,000dwt fixing delivery on the coast redelivery China at $7,750 plus $250,000 ballast bonus. The Indian Ocean also failed to inspire, a 58,000dwt fixed delivery west coast India redelivery China at $6,000.
Handysize
Overall a slow week with negative sentiment continuing in both basins. Activity from the Atlantic remained limited especially in the US Gulf, Continent and Mediterranean area, whilst east coast South America appeared to be the only exception with rates improving. The $9,000s level was reported on mid to large sized Handy vessels delivery in the US Gulf for a trip to east Mexico or to the UK Continent. A coastal trip from east coast South America paid $12,800 on a 35,000dwt and a similar-sized was fixed from Recalada to southeast Asia at a tick over $17,000. The Pacific market largely weakened with more rates basis APS loading. A 28,000dwt open in Indonesia was fixed at $6,500 basis Australia delivery for a trip to Japan.
Source: The Baltic Briefing
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Planning Commission, India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- PTC India Limited - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
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