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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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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 ...
Wednesday, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that th ...
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- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- The University of Queensland
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
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