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Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
.jpg) Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions of the world are now under no illusions as to the severity of this crisis and are acting to mitigate amongst the daily changing circumstances. Force Majeure declarations are increasingly common, with the latest heard being at European steel mills. At the beginning of this week South Africa announced intended lockdowns on its mines. This led to a rush of fixtures on Tuesday, as West Australia to China C5 potentially became the only show in town with cargo flow. C5 traded down to a low of $4.003 this week before lifting at the end of the week to $4.223. Brazil to China business has maintained a faint heartbeat, with owners being picked off slowly at ever sharpening levels. C3 closed the week out at $9.29. The Cape 5TC closed out the week at $3,675, down -392. Next week promises to be defined as another one of uncertainty. While some industries are feeling the impact more than others, it’s imperative in these trying times we all keep calm and carry on – remotely.
Panamax
A turbulent week with Covid-19 dominating headlines. Subsequently, Force Majeure was declared in several countries and integral shipping ports, as nervousness enveloped the market. Nevertheless, bright news of soya bean meal crushing margins turning positive in China and a good volume of fresh sales were concluded ex-Brazil and USA into China as a result thereof. This translated into a positive move for the Baltic Panamax Index (BPI) route P6, with rates moving on the week. Rates for fronthaul trips, basis delivery Southeast Asia and India positions, were fixed in the $8,000’s, with one very well-described 82,000dwt vessel achieving $9,500 from Singapore. Asia was something of a two-tier market, with the North seeing improved numbers due to solid levels of North Pacific demand. A very good design 81,000dwt new building, delivery South Korea, achieved $7,750 for a North Pacific round trip, whilst Indonesia lacked volume, partly due to Force Majeure in Indian ports, which drove down coal sales.
Supramax/Ultramax
An anaemic week for the Supramax market – driven lower predominantly by the Atlantic routes, as macro concerns continued to weigh heavily on the index. On already decreasing cargo volumes, many charterers, who were not forced to comply with tight nominations, duly withdrew from the market. Meanwhile, brokers said that the tonnage count in the Atlantic continued to grow – correspondingly the offers appeared to track down. The crucial long ton-mile fronthaul routes suffered a significant amount of erosion, with the S1B Black Sea to China route losing $1,518 on the week to close at $16,782, the S1C US Gulf to China route dropping $1,867 on the week to close at $19,042, and the S5 East Coast South America to China route declining by $2,430 on the week to close the week at $9,909. Finally, the average of the timecharter routes posted losses of $1,092 to settle at $7,054 on the week. The short-term outlook remains one of further weakness.
Handysize
The consecutive positive trend since mid-February came to an end, with the overall Handysize Index (BHSI) declining from midweek. Rates from the Continent moved sharply lower, with limited cargo support, whilst some market players chose to move cargoes by using own tonnage. Volume was described to be thin in both East Coast South America and the US Gulf. This was especially the case from the second half of the week onwards, with stems reportedly being cancelled or pushed back due to delays or closure at load-ports. A 34,000dwt vessel open Rotterdam was fixed at $10,000, basis delivery Rouen, for moving grains to Algeria. A 32,000dwt ship was fixed from Southwest Pass for a trip with petcoke to Huelva in the early part of the week at $9,500. The movement in the Pacific was not significant this week, with the market showing a similar trend as the Atlantic Basin.
Source: The Baltic Briefing
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Tuesday, 07 April 20
IS CHINA EMBARKING ON A MAJOR EXPANSION OF COAL-FIRED POWER GENERATION? - WOOD MACKENZIE
As energy companies worldwide grapple with the economic impact of the coronavirus pandemic, long-term planning continues. Ahead of the release of t ...
Tuesday, 07 April 20
COAL INDIA'S DISPATCHES DROP, OUTPUT INCREASES - THE HINDU
India’s largest coal producer Coal India Ltd. (CIL) has seen a 10% fall in dispatches in March 2020 due to a sharp fall in demand from the po ...
Tuesday, 07 April 20
CORONAVIRUS AND LOCKDOWNS DRAG DOWN THE INDONESIAN COAL PRICE REFERENCE IN APRIL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of the Indonesian ther ...
Monday, 06 April 20
A 52,000DWT SHIP FIXING DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY TAIWAN, AT $3,100 - BALTIC BRIEFING
Capesize
The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordina ...
Monday, 06 April 20
INDIA'S 21-DAY LOCKDOWN - IMPACT ON COMMODITIES? - WOOD MACKENZIE
India is under a three-week lockdown from 25 March, to contain the spread of the coronavirus outbreak. Wood Mackenzie analysts discuss what this me ...
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- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
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