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Monday, 06 July 20
SUPRAMAX: A 58,000-DWT FIXING DELIVERY VIETNAM TRIP VIA INDONESIA RE-DELIVERY WEST INDIA IN THE LOW $4,000S
 Capesize
The Capesize market continues to go from strength to strength, as rates reach highs not seen since September last year. The rally is predominately off the back of the Atlantic Basin crying out for more tonnage, the Baltic Briefing reported in its latest weekly report.
Atlantic charterers from Eastern Canada and Norway are seen to be paying large voyage rates to deliver their iron ore product to China. Iron ore prices have come off recent highs, yet the levels still remain a bonus for miners looking to take advantage – freight costs are an after-thought. The Baltic Briefing further noted that, the Atlantic Basin Transatlantic C8 broke through the $30,000 level with ease, settling the week at $36,225. The Pacific Basin C10 had more of a struggle in gaining ground with a lull midweek, before closing Friday at $33,529. Voyage routes all posted gains – although price discovery was difficult across the board with rumour and speculation playing a big roll. The West Australia to China C5 gained exactly $1 to settle at $10.723 while the Brazil to China C3 dipped for most of the week before lifting Friday up $0.83 cents to settle at $20.75.
Panamax
Commenting on Panamax sector, the Baltic Briefing noted that, the Panamax market initially appeared sluggish with rates in Asia slowly falling throughout the week. In contrast, the Atlantic – and in particular the north – held firm for the most part. By midweek it saw some significant pick-up in activity from South America, which sustained as the week ended.
The Baltic Briefing further said in its latest report that, with talk of a healthy grain crop to come from the Black Sea for the second half of July and August, this appeared to support the market in many areas. And, with a large push from FFA’s and Capesize rises on Thursday, sentiment quickly turned positive. Trans-Atlantic rates for index duration picked up from mid $12,000’s to $13,000 by the end of the week. Meanwhile, the quicker Baltic round trips to Med/Continent featured at around the $15,000 mark. In Asia, despite a lack of fixing volume, mean rates for NoPac rounds for 82,000dwt pegged at approximately $9,500 levels.
Supramax/Ultramax
The overall market was split between the basins with the Atlantic gaining momentum, whilst Asia and the Indian Ocean dampened said the Baltic Briefing. Little in the way of period activity surfaced – but a 56,000-dwt open Fujairah fixed four to six months, trading in the mid $12,000s. As the week ended, stronger rates were seen in the Mediterranean and Black Sea areas. A 63,000-dwt fixing in the upper $16,000s basis delivery Canakkale for a trip far east.
According to the Baltic Briefing, brokers also commented that from the US Gulf, Ultramax size vessels were seeing around $15,000 for trans Atlantic runs. Demand in the Indian Ocean weakened a little. However, a 55,000-dwt fixed delivery Singapore trip – via east coast India – redelivery China at $9,000. Rates for Indonesian coal runs were also lower than of late. A 58,000-dwt fixing delivery Vietnam trip via Indonesia redelivery west India in the low $4,000s. Further north a 57,000-dwt fixed delivery CJK trip redelivery west coast India at $3,000.
Handysize
The BHSI climbed above 400 points this week, which was last seen during end March this year. East coast South America was the brightest spark. The HS3 route for transatlantic run achieved a $10,000 benchmark basis for a Baltic 38,000-dwt vessel. However, the Baltic Briefing said, signs of softening showed in the east, whilst some Pacific route indices started declining. On the period front, a 37,000-dwt open Hamriya next week was fixed at $11,750 with redelivery in Persian Gulf / China range – but the duration was not clear.
According to the Baltic Briefing, a 34,000-dwt open Canakkale in mid-July was fixed for a trip via the Black Sea to Southeast Asia at $11,500. Meanwhile, a 28,000-dwt was booked for two laden legs Brazil coastal run at $8,750, basis Praia Mole delivery and Paranagua-Rio Grande range for redelivery. Lastly, a 32,000-dwt open New Zealand was fixed for moving logs back to Singapore-Japan at $7,500.
A similar-sized open in Vietnam was fixed to Bangladesh at $6,750 and another Handy open CJK was fixed via CIS to China at $6,300.
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Friday, 07 August 20
PEABODY'S $1.42 BILLION WRITE-DOWN CONCEDES COAL MINES HAVE LITTLE VALUE AND DIM FUTURE - IEEFA
Trouble at biggest mine in Powder River Basin speaks volumes about state of industry
Peabody Energy, the world’s largest priva ...
Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the Eas ...
Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...
Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...
Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...
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- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- PTC India Limited - India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
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