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Monday, 29 June 20
ULTRAMAX: A 58,000 FIXING DELIVERY SINGAPORE TRIP, VIA EAST COAST INDIA, REDELIVERY CHINA IN THE LOW $12,000S - BALTIC BRIEFING
Capesize
As the halfway mark of 2020 arrives, the capesize market is making new highs for the year. From persistent lows earlier caused by a barrage of negative factors, the capesize 5TC market has outperformed in spectacular fashion to now reside at $29,641 said Baltic Briefing in its ;attest weekly report.
According to Baltic Briefing, breaking for a pause early on in the week, the market renewed conviction mid-week to push higher on the back of the tight tonnage supply in the Atlantic. This is often the case after periods of prolonged weak fundamentals. Vessels are now being seen changing hands in healthy trading, while iron ore pricing continues to support cargoes coming to market. The Brazil to China C3 is now trading often north of $20 as Vale has been active throughout the week amongst other traders. News of a lessening of the east Australian quarantine measures is a heartening sign that some regions have been able to tackle their Covid-19 issues. The west Australia to China C5 lifted early in the week, before flattening off to now price at $9.723.
Panamax
Commenting on Panamax, Baltic Briefing noted that, the activity appeared a lot more passive this week, which was largely attributed to charterers taking stock of their books. This, coupled with owners’ reluctance to reduce their offers, resulted in an inevitable standoff during the first half of the week. However, in the north Atlantic, solid demand for both trans-Atlantic and front haul trips saw rates continue to rise with $13,000 agreed for an 82,000dwt delivery this side for an Atlantic round trip.
In Asia, Baltic Briefing says, trading was somewhat curtailed by Chinese holidays. But with a fresh batch of cargo flow, ex Indonesia parallel to a steady flow ex Australia and NoPac, rates for Pacific rounds averaged out in the upper $9,000’s. Meanwhile, a very nice spec kamsarmax achieved low $11,000’s delivery Japan for a NoPac round trip. Period activity was negligible this week with significant falls on the FFA market.
Supramax/Ultramax
A mixed week for the BSI, whilst overall the index remained in positive territory. With Asian holidays taking place, the routes within this area lost ground.
According to Baltic Briefing, period activity remained buoyant with a 63,000 open US east coast fixing three to five months trading redelivery Atlantic at $12,000 – and a 57,000 open Indian Ocean fixing five to seven months trading at $12,500. From the Atlantic, sentiment remained strong with tight tonnage supply in many areas. A 63,000 being fixed delivery Mediterranean for a trip via the Baltic redelivery east coast India at around $13,500. From the US Gulf, ultramaxes were seeing in the $17,000’s for trips to the east.
The Indian Ocean according to Baltic Briefing, remained firm with a 58,000 fixing delivery Singapore trip, via east coast India, redelivery China in the low $12,000s. Asia remained a little more subdued, with a 55,000 fixing two to three laden legs delivery CJK in the mid $8,000s. Market direction next week will prove interesting.
Handysize
Brokers remained cautiously optimistic looking forward into next week, with another positive week for BHSI routes. The market pushed further in the US Gulf, whilst charterers continued paying up. There was a fair amount of volume moving in east coast South America but slightly slowed down towards the weekend. Both HS3 route from east coast South America and HS4 route from the US Gulf have been climbing consecutively over a month, with an overall gain over $2,000 respectively.
A 37,000-dwt Baltic Briefing said, was fixed from Rio Grande for a trip to the Continent at mid $9,000s. A 37,000-dwt open Ilheus was fixed for a grain trip to the Black Sea at $9,500, whilst a 37,000-dwt delivery in the Baltic was fixed for a trip with coal to north Spain at $7,500. In the East, the positive trend also resumed with a 28,000-dwt open CJK fixing for a trip via South Korea to Singapore at $7,500.
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
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