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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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Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...
Tuesday, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...
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- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- The University of Queensland
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
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