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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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Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
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- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Planning Commission, India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
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