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Sunday, 07 June 20
A SCRUBBER FITTED 61,000 ULTRAMAX WAS FIXED DELIVERY PHILIPPINES TRIP VIA SOUTH AFRICA REDELIVERY VIETNAM AT $9,500 - BALTIC BRIEFING
 Capesize
The small flicker of hope at the beginning of this week has kindled a small fire under the Capesize market. At a paltry $3369 from the beginning of the week, the Capesize 5TC has lifted to $7307 with momentum continuing to build. Led by strong iron ore demand, the fronthaul long ton mile business has heeded the call. The transatlantic business, in contrast, continues to severely lag other regions, giving a strong indication of the continuing weak industrial output owing to Covid-19. The transatlantic C8 closed the week up +875 to $4075 with some suggesting that level to be quite generous considering the serious lack of business. The Pacific basin – and in particular iron ore from Western Australia to China – had strong activity for the second half of this week catching some by surprise. The C5 West Australia to Qingdao opened the week at $4.123 to close at $5.473. Fuel price increase had its part to play this week, lifting voyage prices. But once momentum had built, rates quickly outpaced.
Panamax
A better week all round, with the timecharter average climbing $345 on the week to Thursday. This was driven predominantly by both the US Gulf, and EC South American fronthaul markets, with P2A gaining $759 on the week to Thursday, whilst the underlying voyage routes both posted gains of $1.06, and $0.76 respectively. In the latter stages of the week, Kamsarmaxes were earning in the region of $12,750 plus $275,000 ballast bonus for an EC South America fronthaul. The Caravos Triumph (81,664 2012) reported fixed to Bunge basis mid-June dates, being a fair representation. Meanwhile, from the US Gulf, the Twinkle Island (82,265 2012) was reportedly fixed to Norden basis delivery Immingham prompt dates, in the region of $12,500. The period market also witnessed a little activity in the Pacific, with both the KM Shanghai (80,529 2014), and KM Keelung (82,072 2010) reportedly having taken cover for 6-9 months at $9,750 – consistent with the FFA market.
Supramax/Ultramax
BSI started in negative mode – but as it ended this trend reversed. Period activity, however, remained limited as both sides watched developments. The Atlantic saw increased activity from key areas such as east coast south America and the US Gulf. A 63,000-dwt was fixed delivery Recalada trip to west coast south America at $13,000. From the Mediterranean, a 62,000-dwt was fixed delivery Izmir trip to west Africa in the low $7,000s. With demand for tonnage strong from the Indian Ocean, rates pushed further. A scrubber fitted 61,000 was fixed delivery Philippines trip via South Africa redelivery Vietnam at $9,500. Further east demand remained a 56,000-dwt fixing delivery Kosichang for a trip via Malaysia, redelivery south China, in the mid $8,000s and a 57.000-dwt open Dalian fixed a trip via Philippines redelivery China with nickel ore in the low $7,000s. All eyes are focused on the upcoming week to see if these trends are sustained.
Handysize
Despite being low compared with the same period last year, the BHSI has been consistently improving since mid May. The US Gulf route HS4 proved the exception, finally showing the first sign of improvement since end March. But the market still saw limited cargo from the Gulf, with a long tonnage list. There was talk of better rates from the Continent, but the same trait was not noticed for vessels open in the Mediterranean. In the East, the market further strengthened with a shortage of vessel supply in south east Asia. Stems from Australia and steels from east coast India lent support and pushed rates higher. A 39,000-dwt was fixed basis Rouen delivery for a trip to east Mediterranean at $4,750. Mid-sized Handysizes were fixed in the $4,000s from north China for a CIS round voyage or similar level from south China for a northbound trip.
Source: The Baltic Briefing
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Thursday, 11 June 20
JAN-MAY, INDONESIA SHIPPED 175.15 MILLION TONS OF COAL TO ITS OVERSEAS BUYERS
Indonesia's coal production for the first 5 months of this year have reached 228 million tons. January – May 2020, Indonesia shipped US$ ...
Thursday, 11 June 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Wednesday, 10 June 20
OPEC+ CUTS EXTENSION TO ACCELERATE MARKET REBALANCING - FITCH RATINGS
Fitch Ratings-London-08 June 2020: The OPEC+ agreement to extend by one month record oil production cuts should accelerate market rebalancing, Fitc ...
Wednesday, 10 June 20
MARKET INSIGHT - INTERMODAL
In contrast to the economic projections of the past two years for the first half of 2020, the oil & gas industry and those involved in it faced ...
Wednesday, 10 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.19 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.71 points Monday, down 0.19 percent week on week.
The index, released by Chi ...
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- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- The University of Queensland
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
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