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Tuesday, 19 July 22
DRY BULK MARKET: CAPESIZE MARKET FIRMS THIS WEEK - BALTIC EXCHANGE
 Capesize
Firmer sentiment across both basins pushed the Capesize 5TC route average above the $20,000 threshold this week, closing at $24,209. Activity in the Pacific gradually picked up midweek after a public holiday in Singapore on Monday. The West Australia to Qingdao iron ore trade climbed closer to $11, with fixtures reported at better rates towards the end of the week. Meanwhile, the market saw a lowering of vessels in ballast able to make end July dates – or even early August – loading in Brazil. Quite a few cargoes from Brazil and West Africa were fixed to Qingdao, with a China-Brazil round trip paying nearly $20,000 per day. In the North Atlantic, rates roared on both transatlantic and fronthaul trips. The latter remained as the most rewarding route pricing at $53,611 to perform a run from Continent/Mediterranean to the Far East.
Panamax
The Panamax market provided further losses this week and is showing little signs of abating. Despite a steady level of activity, this failed to stem the tide with both basins yielding significant losses. The Atlantic saw rates erode for a further successive week, as pressure from the nearby and committed ships continued to underpin the market. From East Coast South America, the focus this week was on end July arrival with APS load port rates now hovering around the $20,000 + $1,000,000 mark, but continued to ease throughout the week. Asia similarly witnessed another week of falls. Again a lack of demand on the longer round trips added further pressure to an already weak market. There were reports midweek of a 75,000-dwt delivery Japan achieving $16,000 for a NoPac round trip, but activity remained light as the market drifted. Like previous weeks, older and smaller units tended to soak up much of the limited Indonesia demand.
Ultramax/Supramax
Sentiment waned in most areas, with the exception being from the US Gulf. Rates remained relatively firm from there for both runs to the Pacific and within the Atlantic. Limited fresh enquiry elsewhere saw a build up of tonnage leading to downward pressure on rates. Little period cover was heard, but a 64,000-dwt open China was heard to have been covered $24,000 for one year. In the Atlantic, from East Coast South America, a 63,000-dwt was heard fixed at $18,000 plus $800,000 ballast bonus for a trip to China. From the US Gulf a 58,000-dwt was heard fixed delivery SW Pass redelivery Turkey in the mid $30,000s. There was a good supply of prompt tonnage in the Asian arena, with a 56,000-dwt open Indonesia now seeing in the low $20,000s for trips to China. Backhaul demand eased as well. However, a 63,000-dwt open Dafeng mid-July was heard fixed via Taiwan redelivery Continent with steels at around $30,000.
Handysize
East Coast South America made positive gains over the week with sources citing a lack of tonnage for end July as the main driving force. A 38,000-dwt was heard to have been fixed for a trip from South Brazil via River Plate to Morocco at $30,000. A 28,000-dwt open in Rio Grande fixed via River Plate to Greece at $22,000. The Mediterranean was also more active. A 35,000-dwt fixed from Canakkale via Black Sea to Tunisia at $16,000, whilst a smaller unit fixed a similar trip from Marmaras in the mid teens. In Asia, activity had been limited and sentiment remained soft. A 38,000-dwt was rumoured to have been fixed for a trip from CJK via Indonesia to Japan at $21,000 and a 40,000-dwt fixed from Lanshan via Japan to New Zealand at $15,000 with a cargo of cement.
Source: Baltic Exchange
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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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- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
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