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Saturday, 15 February 20
AFRAMAX: A MORE POSITIVE ATTITUDE EXISTED IN THIS SECTOR WITH RATES IMPROVING ON ALL ROUTES - BALTIC BRIEFING
VLCC
The market in the Middle East was unmoved this week, with Chinese refiners continuing to slow imports, allied with the impact of the Coronavirus and the return of the previously sanctioned Cosco tonnage. The list subsequently swelled, allowing the few active charterers to reign in owners’ expectations. Rates for 270,000mt to China bounced around the WS 40 level, while the 280,000mt market to US Gulf, via the Cape/Cape routing remained flat, at WS 30. In the western hemisphere, rates for 260,000mt West Africa to China were stuck in the mid WS 40s and in the 270,000mt, USG/China trade rates improved $150k to $6.6m, primarily on the back of another relatively active week.
Suezmax
Rates for 130,000mt West Africa/UK-Continent followed the VLCC example, remaining unmoved and in the high WS 80s for most of the week. However, at the time of writing, charterers appear to have convinced owners to fall through the WS 80 barrier, with WS 78.75 being reported on a trader’s relet to Petroineos. Rates for 135,000mt Black Sea/Mediterranean remained static, at low-to-mid WS 90s. Meanwhile, thanks to a well populated tonnage list, rates for the 140,000mt Basrah/Mediterranean route hovered around WS 40, even though a Basrah/Greece cargo reportedly covered at the equivalent of WS35.
Aframax
A more positive attitude existed in this sector with rates improving on all routes. 80,000mt Ceyhan/Mediterranean is worth WS85, 16% more than a week ago. The Northern European voyages of 80,000mt Cross-North Sea gained 37 points to WS132.5 whilst 100,000mt Baltic/UKC rose 28 points to WS 115 level. Across the Atlantic, 70,000mt Carib/USG voyages are rated up another 25 points at low WS 180s and another very busy 70,000mt USG/ Mediterranean market saw rates climb a further 10 points to WS 170.
Clean
It was another uneventful week for owners with the market in the Middle East Gulf/Japan trade for 75,000mt steady in very low WS80s. In the 55,000mt size the market settled at around WS92.5. In the 37,000mt UKC to USAC trade, rates initially dipped down to WS150 and there was enquiry in to West Africa paying WS185 region, leaving the transatlantic market in the low/mid WS150s. Total are said to have a ship on subjects ex ARA at WS150, but this is with palm oil background. In the 38,000mt backhaul trade from US Gulf to UKC, rates stabilised and sit now at WS87.5/90 region. The 30,000mt clean cross-Med market saw rates dip down to mid WS170s before recovering to WS197.5 level and Black Sea pays WS210.
Source: The Baltic Briefing
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Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. ...
Thursday, 20 February 20
CHINA RESUMES OVER 70 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA
China has resumed 70.2 percent of its coal production capacity with output recovering steadily amid the fight against the novel coronavirus epidemi ...
Thursday, 20 February 20
CHINA THERMAL COAL MARKET FACES 2-3 MONTH CORONAVIRUS SHORT SQUEEZE: NOBLE - REUTERS
China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more tha ...
Wednesday, 19 February 20
KOREA MIDLAND POWER INVITED BIDS FOR 1 MILLION TONS OF HCV AND LCV COAL FOR Q2- Q4 LOADING
COALspot.com: Korea Midland Power Co. Ltd, (KOMIPO). has issued an international tender for total 1 million MT of coal for April to December 2020 l ...
Wednesday, 19 February 20
GLENCORE WRITES OFF ALMOST $1 BILLION AT COLOMBIAN COAL MINES DUE TO FALLING EUROPEAN IMPORTS: BLOOMBERG
The economic case against European coal is proving too much for even Glencore Plc.
The world’s biggest coal shipper cut the va ...
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- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
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