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Monday, 20 July 20
SUPRAMAX: A 63,000 OPEN NORTH CHINA FIXING AN AUSTRALIAN ROUND IN THE LOW $10,000S - BALTIC BRIEFING
 Capesize
The capesize market showed some resistance this week to recent losses as all routes saw a small uptick in value to end the week. With no particular improvement in fundamentals – and a relatively quiet fixing week – owners may have shown enough collective resilience to have turned the tide the Baltic briefing reported in its least weekly report. A backwardated forward curve illustrating a capesize 5TC spot level from today of $25,085, down to Q4 at $17-18k, gives an indication of market confidence. This lack of confidence may be offset as the recent rally has been driven in part by positional tightness, which is sure to continue in this unique 2020 year.
According to Baltic Briefing, mnimal tonnage remains in the Atlantic making it prone to spiking. But a lack of West Africa cargo due to the rainy season is helping to relieve any pressure that may build. The Atlantic basin has widened its premium over the Pacific to a difference of +$9532. The West Australia to Qingdao C5 shed more than 80 cents to settle end of week at $8.132. The Brazil to China C3 encountered similar pressure dropping 79 cents to post at $18.295.
Panamax
Commenting on Panamax sector, Baltic Briefing says, a muted week in the panamax market with rates easing in all areas as the week progressed. A vast difference of opinion built up on where the true values sat and consequently the bid/offer spread widened with fixing volumes down on the week. In the Atlantic, with reduced activity out of EC South America and longer duration trans-Atlantic business lacking, the short Baltic and Kamsar round trips appeared popular with some to take cover. Rates for Baltic rounds, according to Baltic Briefing , at the beginning of the week marked at $20,000 pegged back closer to $16/15,000 by end week. Despite less salvation from EC South America and weaker FFA values, there was less of a decline in rates out of Asia. However, easier rates were certainly concluded over the week – including an 82,000dwt delivery China fixing at $12,500 for a NoPac round trip. The rate on Friday was more akin to $11,500 for the same.
Supramax/Ultramax
Positive movement for the BSI again during the week. But as it ended, sentiment wavered from areas such as the US Gulf and east Mediterranean with limited fresh activity. The Baltic Briefing says, period activity was limited, but a 62,000-dwt newbuilding scrubber fitted was fixed for five to eight months trading at $13,000. From the Atlantic, a 62,000-dwt was fixed delivery Recalada for a trans-Atlantic in the mid $17,000s. Further north, a 61,000-dwt was reported fixed from the US Gulf for a petcoke run via India redelivery Durban at $20,000. The Continent was patchy, but a 61,000-dwt fixed a scrap run to the east Mediterranean at around $16,000. From Asia gains were made. A 63,000 open north China fixing an Australian round in the low $10,000s. Elsewhere, a 56,000-dwt fixed from south east Asia via Indonesia redelivery east coast India in the mid $8,000s. The Indian Ocean lacked fresh impetus but a 58,000-dfwt fixed from the Arabian Gulf to Bangladesh at $16,000.
Handysize
There was talk of higher numbers from the Continent and Mediterranean, with more activity reported in the second half of the week. Mediterranean the HS3 route from east coast South America climbed over $12,000 this week and is now at the highest point of the year. The US Gulf market continued the trend from last week and remained firm, but the Pacific showed more signs of slowing down with little gossip emerged. A 37,000-dwt delivery US east coast was fixed for moving petcoke to east coast Mexico at $12,500 and a 38,000-dwt did a similar run at $15,000 basis Southwest Pass delivery. A 37,000-dwt was booked for moving steels via the Black Sea to Egyptian Mediterranean at $7,250 basis Canakkale delivery. A 38,000-dwt open in east Mediterranean was fixed for a trip to india at $17,500.
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Friday, 10 July 20
GLOBAL SHIPPING EARNINGS FORECAST CUT AS SUPPLY SET TO OUTSTRIP DEMAND - MOODY'S
EBITDA forecast worsens, keeping outlook negative. We now expect the aggregate EBITDA of rated shipping companies to fall by around 16%-18% in 2020 ...
Friday, 10 July 20
SLOW RECOVERY IN TANKER RATES TO WEIGH ON BUANA LINTAS LAUTAN - FITCH RATINGS
Fitch Ratings believes that international tanker rates are likely improve after their sharp fall since May 2020, albeit at a slow pace. The weaknes ...
Wednesday, 08 July 20
MARKET INSIGHT - INTERMODAL
During the previous month, the dry bulk market witnessed an impressive increase in the BDI index that has reached 1800 points from 500 with a clear ...
Tuesday, 07 July 20
COAL INDIA WORKERS STRIKE CUTS OUTPUT BY 56%: OFFICIAL - REUTERS
A strike at Coal India Ltd cut production by 56% in the three days ending July 4 as workers oppose opening up coal mining to the private sector, a ...
Tuesday, 07 July 20
WHAT DOES THE PATHWAY TO A NET-ZERO ECONOMY LOOK LIKE FOR MINERS? - WOOD MACKENZIE
Wind, solar, electric vehicles, stationary storage and transmission are all central to achieving the Paris Agreement decarbonisation goals.
&nb ...
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Showing 876 to 880 news of total 6871 |
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- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- VISA Power Limited - India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
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