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Sunday, 23 February 20
A 57,000DWT SHIP FIXING DELIVERY SOUTH KALIMANTAN TRIP, REDELIVERY CJK, AT $7,600 - BALTIC BRIEFING
.jpg) Capesize
The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with the Transatlantic C8 now pricing at $2,655. Cargo remains limited for owners, while a healthy ballaster list is running low on options. The Pacific Transatlantic C10 continues to make modest gains to close the week out at $4,900. The C5 voyage route, West Australia to China, remains under pressure, but managed to lift slightly this week, finishing at $5.986, a rise of +.391. Re-fuelling timing for owners remains critical as bunkers continue to fluctuate wildly. Fuel demand across all industries has weakened in recent weeks, with the slowdown in China, giving some respite to owners. The Capesize 5TC opened the week at $2,445 to close out the week at $2,787.
Panamax
A markedly better week, with all routes posting gains. This was led by the P1A Transatlantic round voyage, which gained $1,380 on the week to close at $4,805. The 5TC average duly climbed $1,170 to close at $7,087, an almost 20 per cent gain for the week. Whilst sentiment is much more positive, these things are rarely linear, even when coming from such a low base. Consequently, opinion remains divided as to whether the momentum can be maintained. The East Coast South America (ECSA) market was also active this week, with delivery Arrival Pilot Station (APS) Brazil, becoming delivery dropping outward pilot station (DOP) India in the latter stages of the week. Some short period fixtures were also concluded to cover the Brazil fronthaul as a first leg. Notable fixtures included the ‘Konkar Venture’ (82,099dwt, 2015 built), which fixed basis delivery APS Santos at $13,450 plus $345,000 ballast bonus basis 6/10 March. In addition to the ‘Sea Gemini’ (81,715dwt, 2014 built), which fixed basis delivery Singapore 3/6 March at $10,200 for a similar Brazil round voyage. Some short period fixing was reported, including the ‘Avicl Artemis’ (82,000dwt, 2019 built) at $11,500 for four to seven months basis delivery Machong with redelivery worldwide. This was supposedly to Louis Dreyfus in direct continuation – although this was not confirmed. Moreover, the ‘Coronis’ (74,381dwt, 2006 built) purportedly fixed $8,000 for about nine to ten months to Koch. The consensus amongst most is that further improvements will be seen next week.
Supramax/Ultramax
A more positive week, with the Baltic Supramax Index (BSI) making ground. There was a tightening of tonnage supply in many areas in the Atlantic. In the Asian arena rates improved slowly, with more enquiry, but tonnage availability remained abundant. On the period front, activity was more evident. A 55,000dwt ship, open China, fixing for one year in the high $8,000s. From East Coast South America, a 60,000dwt ship was fixed delivery Recalada trip to Egypt at $11,250. Further north from the US Gulf, a 63,800dwt ship was fixed for a petcoke run via India, redelivery Port Said, in the low $14,000s. The Continent also saw better numbers. A 55,700dwt ship fixing delivery Portugal trip, via the Continent, redelivery East Mediterranean at $11,250. In Asia, stronger numbers for trading China, with a 57,000dwt ship fixing delivery South Kalimantan trip, redelivery CJK, at $7,600. The Indian Ocean also saw healthier numbers. A 63,000dwt ship fixing delivery South Africa trip, redelivery Colombo, at $11,000 plus $100,000 ballast bonus.
Handysize
Like other sizes, the Handysize sector started to show signs of recovery from the early part of the week, with the Baltic Handysize Index (BHSI) making gains for the first time since 2020. There were some stronger rates fixed from the Continent, Mediterranean and especially East Coast South America. The US Gulf was relatively quiet. In the East there was a slight improvement, with Southeast Asia delivery leading the positive trend. On the period front, brokers noticed more charterers taking in vessels in both basins, with discounted rates applied. A 35,000dwt ship open in Indonesia in early March was fixed for five to eight months at $5,250 for the first 35 days and $9,000 thereafter. For time charter trips from East Coast South America this week, a 37,000dwt ship open Santos was fixed to Morocco at $10,500. Another large Handysize vessel was fixed from Vila Do Conde for a trip to Norway at $10,000. From the Pacific, a 38,000dwt ship was fixed from Japan to Southeast Asia at $4,000. A 32,000dwt ship open Thailand was fixed to East Coast India at $4,000.
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Australian Coal Association
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
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