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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, 16 October 21
COAL IS 'KING' AS GAS PRICES SOAR, TOTAL CEO SAYS - AND IT’S BACKFIRING ON CLEANER ENERGY GOALS - CNBC
Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grap ...
Saturday, 16 October 21
VIETNAM'S COAL-FIRED POWER MAY DOUBLE BY 2030 UNDER DRAFT ENERGY PLAN - REUTERS
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime min ...
Friday, 15 October 21
AUSTRALIA'S WHITEHAVEN EXPECTS TO BE DEBT-FREE NEXT YEAR AS COAL PRICES SOAR - REUTERS
Australia’s Whitehaven Coal WHC.AX said on Thursday it expects to be debt-free by early 2022, as thermal coal prices surge to record highs on ...
Friday, 15 October 21
WINTER CHILL KEEPS CHINA'S COAL PRICES HIGH, POWER CRUNCH STOKES INFLATION - REUTERS
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel t ...
Friday, 15 October 21
GLOBAL STEEL DEMAND GROWTH DOWNGRADED FOR 2021 DUE TO CHINA - WORLD STEEL ASSOCIATION
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...
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- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- The University of Queensland
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
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