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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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Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
Saturday, 18 February 23
2023 MARINE FUEL MARKET PREDICTIONS - JOHN BERGMAN, AURAMARINE
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fas ...
Saturday, 28 January 23
COAL GROWTH BLIP NOT TO BE REPEATED - BALTIC EXCHANGE
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to pus ...
Thursday, 26 January 23
CHINA'S COAL OUTPUT INCREASES IN DECEMBER 2022 - XINHUA
China’s raw coal output posted stable expansion in December 2022, official data showed.
The country produced 400 million tonne ...
Thursday, 26 January 23
COKING COAL NARROWS THE GAP ON THERMAL AS CHINA REOPENS - REUTERS
The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from Austra ...
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- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
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