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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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Thursday, 27 January 22
2022 - A YEAR OF REBALANCING FOR METALS AND MINING - WOOD MACKENZIE
If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, says Wood Mackenzie, a ...
Wednesday, 26 January 22
MARKET INSIGHT - INTERMODAL
While it is logical that most of the S&P reports of the first weeks of the year are linked to very limited activity as reflected in the weekly ...
Wednesday, 26 January 22
INDONESIA: DME PROJECT IS ECONOMICALLY VIABLE AS STUDY DEMONSTRATES
The government is encouraging downstream coal processing or increase in coal added value, for example by turning coal into Dimethyl Ether (DME) to ...
Wednesday, 26 January 22
COMMODITY PRICES COULD SOAR IF THE RUSSIA-UKRAINE CRISIS ESCALATES - ING
It appears that a number of commodity markets are starting to at least price in some geopolitical risk around the growing tension between Russia an ...
Wednesday, 26 January 22
INDONESIA'S COAL BAN SENDS PRICES SOARING, OTHER EXPORTERS FAIL TO STEP UP - REUTERS
Indonesia’s short-lived ban on exporting coal has sent ructions through the seaborne market for the fuel in Asia, with the fallout likely to ...
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- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
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