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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
.jpg) 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, 07 December 22
MARKET INSIGHT - INTERMODAL
China’s coal imports from January to October were 230.1m mt, a decrease of around 10.7% y-o-y (2021 totalled 323.2m mt). The question is if t ...
Wednesday, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scramble ...
Tuesday, 06 December 22
INDIA'S COAL PRODUCTION RISES 17% IN APR-NOV PERIOD - PTI
The country’s coal production increased 17 per cent to 524.20 million tonnes in the April-November period of the ongoing fiscal.
...
Tuesday, 06 December 22
INDONESIA AIMS TO STARTS COLLECTING COAL LEVY IN Q1 2023 - MINISTER, REUTERS REPORTED
Indonesia aims to establish a coal fund agency and start collecting a coal levy in the first quarter next year, to help ensure supply security for ...
Saturday, 03 December 22
COMPLEX RUSSIAN PRICE CAP MAKES MARITIME VISIBILITY A MUST - WINDWARD
Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entitie ...
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- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- The University of Queensland
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
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