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Wednesday, 02 June 21
INDONESIA RV WAS DOWN TO LOW/MID $20,000S DAY FOR PANAMAX/KAMSARMAX WITH DELIVERY S CHINA - BANCHERO COSTA
Panamax
A softening week in the Pacific basin with rates under a downward pressure mainly caused by the oversupply of tonnage in the area, said Banchero Costa in its latest report. The report further noted that, in the Northern range, NoPac was in the mid $20,000s/d level depending on vessels’ description, while CIS was assessed in the very low $20,000/d.
There were reports of fixtures in the high $20,000s/d for Australian exports on standard RV, while India was still paying a premium and fixing in the low $30,000s/d.
According to Banchero Costa, Indonesia RV was down to low/mid $20,000s/d for Panamax/Kamsarmax with dely S China. In the Atlantic, the ECSAm market lost more than a dollar on the Santos Qingdao route from the end of the previous week and spot rates on Kamsarmaxes were giving an equivalent of about $54/mt. This is probably due to a slightly longer tonnage list and a relative scarce quantity of cargoes for the second half of June. In general, the vibes for the upcoming month are positive, and it appears that most Owners are taking a cautious approach, preferring to wait until the following week to move.
The report further said, a week of significant loss in N Atlantic too, showing decreased rates especially for quick Baltic RV and with more tonnage opening Continent looking for cargoes out of ECSAm and NCSAm.
A standard LME was fixed around $14,000/d basis delivery Continent via Baltic back to Continent while a big premium was paid to those vessels keen to trade India like an 81,000 dwt dely early June Hamburg fixed at $37,000/d or another Kamsarmax open Cont fixed at a slightly lower rate, $36,000/d for a longer trip to F East. Black Sea was quiet with only a rumour of a Kamsarmax fixed on a long fronthaul to F East around $35/36,000/d basis dely E Med, some spot cargoes are waiting next
week.
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Wednesday, 12 May 21
MARKET INSIGHT - INTERMODAL
Tanker S&P is finally back!
For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sect ...
Monday, 10 May 21
PAKISTAN: COAL GASIFICATION AND LIQUEFACTION HARMFUL TO ECONOMY - IEEFA
There is no second life for coal
Pakistan’s intention to use coal for power production through gasification and liquefaction technologie ...
Sunday, 09 May 21
HERE'S WHY INVESTORS ARE POURING MONEY INTO COAL, DESPITE ITS BLEAK FUTURE - FORBES
Coal stocks have surged this year – along with the wider energy sector – but experts warn these are likely short-term gains for an indu ...
Sunday, 09 May 21
MAYBANK TO STOP COAL FINANCING - BERNAMA
Malayan Banking Bhd (Maybank) will stop financing new coal activities as part of its sustainable agenda.
Currently, coal financing m ...
Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market
The race to develop liquified natural gas (LNG) facilities in th ...
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- Directorate Of Revenue Intelligence - India
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- McConnell Dowell - Australia
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- Therma Luzon, Inc, Philippines
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- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
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- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Planning Commission, India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
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- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
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- Economic Council, Georgia
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- Directorate General of MIneral and Coal - Indonesia
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- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
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- Bhushan Steel Limited - India
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- Bhatia International Limited - India
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- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
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