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Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
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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, 31 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.43 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.17 points Monday, down 0.43 percent week on week.
The index, released by Chi ...
Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...
Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE
Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...
Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE
The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...
Saturday, 28 March 20
ASIA'S COAL MARKETS DIVERGE ON QUALITY LINES AS CORONAVIRUS HITS INDIA - REUTERS
Asia’s seaborne coal market is increasingly diverging between higher-quality Australian coal, where prices are holding up despite the economi ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- VISA Power Limited - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- The University of Queensland
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
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