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Monday, 01 February 21
A 56,000-DWT OPEN MANILA WAS FIXED FOR A TRIP VIA INDONESIA REDELIVERY CHINA AT $11,500 - THE BALTIC BRIEFING
Capesize
The Capesize routes endured a week of slippage on rates, bringing the market back down to levels seen at the beginning of the month. Dropping -8,956 over the course of the week the Capesize 5TC settled at $15,675. The Atlantic Basin routes were the big movers with the Transatlantic C8, in particular, coming under fire. It posted down to $23,250 as a lack of cargo took its toll. The Pacific Basin, with an abundance of cargo to go along with available vessels, allowed charterers to continually apply downward pressure with the West Australia to Qingdao C5 dropping -1.728 by weeks end to $6.145. While the market did post down on the last day of the week, there was scattered chatter that the market had bottomed in some regions as the ballaster routes lit up green amongst an otherwise sea of red. This time of the year is usually a seasonal low period for Capesize. However, the market continues to surprise as rates remain elevated. Some would say this bodes well for the remainder of the year.
Panamax
An interesting week in the Panamax market with widely differing opinions of the market in the Atlantic. Activity in Asia started slowly and diminished as the week went on with spot rates coming under pressure. A $13,250 figure was achieved early in the week for a NoPac round trip. However, these levels slowly eroded as both appetite and activity curtailed. News of ships waiting off China with thermal coal being given permission to discharge began to seep through. But this conceivably will only add to tonnage count in the area, potentially further increasing pressure here. In the Atlantic, it also began the week slowly with varying degrees of rates being concluded. It was largely positional in the North with solid support for breaching and ice breaking trades. Further south from EC South America, there was sporadic trading for much of the week. But it appeared to come alive on Thursday with some well-supported fixtures concluded for first half March arrival dates.
Ultramax/Supramax
Another positive week for the sector with demand keeping pace with supply in most areas. Period activity was abundant. A 56,000-dwt sizes open in the Indian Ocean seeing $14,000 for three to five months, whilst a 58,000-dwt open China fixed at $11,500 for one year. Atlantic rates remained healthy. A 56,000-dwt fixing from Norway via the Baltic to the Black Sea in the $16,000s and a 57,000-dwt fixing in the low $20,00s for a trip from central Mediterranean via the Black Sea to China. South America remained active, however, information was limited. The Asian arena seemed to have peaked as the week ended. The Ultramax size was fixing in the mid $12,000s for NoPac round voyages. From south east Asia, a 56,000-dwt open Manila was fixed for a trip via Indonesia redelivery China at $11,500. Demand remained from the Indian Ocean. A 63,000-dwt fixing a trip from west coast India to China in the low $19,000s.
Handysize
The consistent uprising recorded a new high in the Handy sector this week. The BHSI climbed higher up to double the figure published in the same period last year. Throughout the month, the activity level was surged in the Atlantic by Turkish imports of scrap cargoes. Other orders from the Continent also lent further support – especially with end January dates. Both east coast South America and the US Gulf remained, whilst the rates moved sharply higher towards the weekend in the East with all three Pacific routes now being above $10,000. A 37,000-dwt delivery in Southwest Pass was fixed for a trip to Algeria at $16,000 in the middle of the week. A 33,000-dwt open east Mediterranean was fixed for a trip via the Black Sea to west Mediterranean at $17,250. In the Pacific, a 36,000-dwt open east coast Australia was traded and failed on subjects at approximately $20,000s level for a trip back to Southeast Asia.
Source: The Baltic Briefing
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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
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 ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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Showing 56 to 60 news of total 6871 |
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- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
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