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Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chinese New Year it became quickly evident positions had been managed the week before leaving only minimal loose ends to be tied up. Activity levels were never going to be anywhere near enough to counter an over-tonnaged Asia region. The Atlantic fared the worst of the two basins, dropping from $14,440 to $8,475 as what few vessels available were more than enough for the minimal cargoes available. With options dwindling, Brazil to China cargoes were seen to be fixed at bargain basement prices, as ballaster vessels looked to avoid being stranded in no-mans’ land. C3 opened the week at $17.85 to close at $15.917. Most major charterers on the West Australia to China C5 were absent this week, except for Rio Tinto, who manged to lower the last done seemingly at will. The C5 opened the week at $6.832 to close out at $6.155.
Panamax
Rates continued to slide all week with hopes of the market finding a bottom, but some very low trades were still witnessed. The Pacific began the week relatively active, but as Asian holidays approached, the market slowed significantly towards the weekend. Aside from East Coast South American trade, the Atlantic was bereft of any real vanilla transatlantic trips. Consequently, there was a distinct lack of demand and rates weakened further. On East Coast South America to Far East trades, $13,750 plus $375,000 ballast bonus was agreed a few times on nicely described 82,000dwt tonnage. An 81,000dwt vessel was fixed at $17,500 for a trip via the Baltic sea to China. On the Indonesian coal round trips this week the median rate appeared at around $4,500 plus $45,000 ballast bonus. This was on 82,000dwt tonnage, basis delivery arrival pilot station (APS) Indonesia. For longer duration trips via the North Pacific, a healthy looking $7,500 was achieved a couple of times on 82,000dwt tonnage.
Supramax/Ultramax
Despite a good level of cargo enquiry, the shear amount of prompt tonnage kept rates in check throughout the week. Chinese New Year celebrations also kept activity levels low from the Asian Basin. Limited period enquiry, but a 58,000dwt ship open East Coast United States, fixing 11-13 months trading at $11,000 was seen. A 61,000dwt ship open China achieving in the low $11,000s for similar period was also seen. In the Atlantic, a 63,000dwt vessel covered a transatlantic run from the US Gulf in the upper $14,000s. Whilst from the South Atlantic, a 56,000wt ship fixed a trip to Southeast Asia at close to $12,250 plus low $200,000s ballast bonus. The Asian Basin saw a 56,000dwt ship fixing delivery Samarinda trip to West Coast India at $4,750. From the Indian Ocean, a 63,000dwt ship covered delivery South Africa trip to Singapore-Japan range at $11,900 plus $190,000 ballast bonus. Brokers were waiting to see the direction after the widespread holidays.
Handysize
There was generally more Handysize tonnage appearing in both basins throughout the week. Together with other routes, East Coast South America also started to show weakening signs, with the Baltic Handysize Index (BHSI) remaining in negative territory. Rates from Skaw-Passero range moved sharply lower, with a small gap between East Coast South America and US Gulf redelivery. A 34,000dwt ship delivery in Turkey was fixed at $4,000 for a trip to North Coast South America/Caribbean redelivery. Another similar-sized ship was fixed from Mukran for a trip to West Africa at $8,000. Activity was limited in the Pacific, with Chinese New Year approaching. In the Indian Ocean, a 36,000dwt was fixed basis delivery Kandla 22/25 January for a trip to West Coast India at $5,250.
Source: The Baltic Briefing
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Friday, 14 February 20
KOWEPO INVITED BIDS FOR 1.275 MILLION TONS OF MIN. 5,600 NCV COAL
COALspot.com: Korea Western Power Co. Ltd (KOWEPO). as a representative of five Korean Gencos has issued an international tender for total 1,275,00 ...
Friday, 14 February 20
IS THE US COAL INDUSTRY COMPLETELY BURNED OUT? -FORBES
This is the fourth of a multi-part series on the state of the main sources of energy in the US and how they compare globally. The series will cover ...
Friday, 14 February 20
FITCH RTGS: GLOBAL PORTS VULNERABLE TO CORONAVIRUS - RELATED VOLUME DECLINES
Global ports will see reduced trade volumes as a result of the coronavirus, COVID-19, which would become more severe should Chinese production take ...
Thursday, 13 February 20
INDIA: MAJOR PORTS SHOW MUTED GROWTH IN CARGO AS THERMAL COAL VOLUME SLIDES 15% - BUSINESS STANDARD
A sharp slide of 15 per cent in thermal coal volumes weighed on the performance of major ports during the period of April-January of FY20. The majo ...
Wednesday, 12 February 20
REFINING SET FOR A CHALLENGING 2020 - WOOD MACKENZIE
Downstream isn’t the glamorous end of the oil business. And in Big Oil, it’s typically dwarfed by upstream. Yet having been forced to r ...
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- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
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