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Sunday, 09 February 20
SUPRAMAX: THE ASIAN ARENA STRUGGLED, A 50,000DWT SHIP FIXING A COAL RUN FROM EAST KALIMANTAN TO INDIA AT $2,000 - THE BALTIC BRIEFING
Capesize
The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with recent global events to stifle demand. Brazil iron ore flows, hit by recent poor weather, have left the spot cargo market barren. Appallingly low Brazil to China cargo levels were heard in the market on Friday, causing C3 to mark down to $13.575, a drop of $1.49 for the week. In the Pacific, the arrival of tropical cyclone Damien put an anchor on activity out of West Australia, with Dampier needing to close at the end of the week. Bunkers gave some reprieve throughout the week to owner’s earnings, while coronavirus remains the wild card many are unsure how to anticipate. Freight levels are firmly at the bottom of the market. Scrubber-fitted vessels continue to command a healthy premium on cheaper high-sulphur fuel, but a lack of cargo options will be a concern for all owners.
Panamax
An eventful week finished with a contemplative outlook in the market. It began slowly, with a mid-week push particularly from East Coast South America. Elsewhere in the Atlantic the sheer numbers of early tonnage were counterbalancing the limited fresh demand on offer, with many operator ships performing own business. In Asia, the North held firm for much of it, as some positional tightness on a few requirements kept rates at a steady level. Further south, insufficient demand resulted in reduced levels for the shorter duration trips, as tonnage count increased here. Varying rates concluded, including an 82,000dwt ship agreeing $13,500 plus $350,000 ballast bonus for a trip from East Coast South America to the Far East. Another 82,000dwt ship achieved $11,800 plus $180,000 ballast bonus for a similar trip. Meanwhile, in Asia, an 82,000dwt ship agreed $2,500 for a West Australia to China run. A nicely described 84,000dwt ship fixed at $6,000 for a West Australia to Japan coal trip.
Supramax/Ultramax
It was another poor week, with many areas suffering a lack of enquiry and an oversupply of tonnage. Period activity was limited, but a 61,000dwt ship was reported fixed basis delivery Muscat at $7,600 for the first 30 days and $11,000 for balance up to one-year trading. From the Atlantic the only resistance came from owner’s reluctance to send their vessels to the Asian basin. From the US Gulf a 60,000dwt ship fixed in the low $20,000s for a trip to Japan. In contrast from business which kept vessels in the Atlantic, a 55,000dwt ship fixed from the US Gulf for a trip to Turkey in the low $9,000s. The Asian arena struggled, a 50,000dwt ship fixing a coal run from East Kalimantan to India at $2,000. For Pacific round business, a 63,500dwt vessel was reported fixed basis delivery Busan trip via the North Pacific, redelivery Philippines, in the mid $5,000s. Likewise the Indian Ocean suffered, a 57,000dwt ship being rumoured on subjects for a trip delivery Richards Bay, redelivery West Coast India, at $6,000 plus $50,000 ballast bonus.
Handysize
Overall the market was still weak and quiet in both basins, limited activity circulated. Approaching the end of the week, slightly more cargoes were seen in the US Gulf and the rates improved on the larger-sized. A 28,000dwt vessel was fixed from Southwest Pass for a grain trip to Morocco at $6,500, while a 39,000dwt ship was fixed for coal to the US East Coast in the $9,000s basis North Coast South America delivery in early part of the week. In the Continent, a 34,000dwt ship was fixed for moving scrap cargo to the Black Sea at $7,500, whilst from East Coast South America, a 35,000dwt ship was booked for a trip to the Baltic at a similar rate. More spot tonnage continued building up. There was no sign of improvement in the Pacific, with coronavirus situation ongoing.
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
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