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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 New Year break, the Pacific market saw two active miners, contributing to a somewhat optimistic sentiment initially. However, reports of a derailment in Western Australia introduced an element of uncertainty, leading to a decline initially of approximately $1.00-$1.20 on C5 at the beginning of the week. The Atlantic market also faced challenges, with a tightening tonnage list and a widening gap between bid and offer prices. Despite heightened activity in the Pacific on Thursday, the market pressure resulted in a further decline on C5, although there was a feeling that the market was starting to find a floor. This appears to be the case with two miners today having to increase their bid to attract offers, resulting in a slight uptick of approximately 30 cents today C5 as the week draws to a close. In the Atlantic, vessel tightness persisted, particularly for tonnage reaching south Brazil within January dates. Limited activity was observed for the first half of the week, but the prevailing tight conditions, coupled with an increase in activity towards the end of the week, resulting in positive reports of stronger fixtures, has maintained a bullish, yet positional, sentiment in the market. Overall, the BCI 5TC has been positive this week, which started at $28,896 and has closed today at $31,497.
Panamax
Following the Christmas holiday, the Panamax market began sedately across the board, followed by rates coming under pressure from the outset. Downward pressure emanated primarily from a build-up of tonnage, unfixed over the festive period but also from a lack of demand in both basins all week, forcing cheaper levels to be conceded by owners. Following a softer finish to 2023, higher ballaster count from Southeast Asia only compounded to the weaker market. And, with Asia massively unsupported, the immediate outlook appeared extremely bearish; $13,000 was agreed on an 82,000-dwt delivery China for a NoPac round trip but such rate unrepeatable come the end of the week. From the Atlantic, $24,000 was agreed on an 85,000-dwt delivery NW Africa for a long duration trip via US Gulf into the Arabian Gulf with routing via Cape of Good Hope. Some recent period coverage emerged with reports of an 82,000-dwt delivery China achieving $16,250 for one year’s period.
Ultramax/Supramax
Not surprisingly it was a rather muted start to the New Year after the widespread holidays. The Atlantic remained rather sluggish in the South with limited fresh enquiry appearing and a good amount of prompt tonnage available. As the week progressed, some saw slightly better levels of enquiry from the US Gulf although limited fixing appeared. From Asia, brokers suggested that there was little fresh activity from the NoPac and Australia although there seemed to be a reasonable amount of activity from the South. There was little period action although a 63,000 open China was heard fixed for four to six months trading redelivery Singapore-Japan at $17,000 with scrubber benefit for charterers. From the Atlantic, a 63,000-dwt was heard fixed delivery US Gulf trip redelivery East Mediterranean at $26,000. In Asia, a 56,000-dwt fixed delivery Philippines trip via Indonesia redelivery South China at $12,000. From the Indian Ocean, rates remained fairly healthy, a 64,000-dwt fixing delivery Navalakhi trip via Oman redelivery Chittagong at $20,000.
Handysize
After recent holidays, the Atlantic market witnessed large corrections on BHSI this week, with cargo availability limited across the region. On the continent, a 32,000-dwt was fixed basis delivery in Rouen for a trip to Morocco with grains at $11,000, whilst in the Mediterranean a 35,000-dwt fixed from Safi to EC South America at $7,000 and a 38,000-dwt was rumoured to have fixed from Alexandria to Bilbao with an intended cargo of steels at $11,000. The US Gulf also saw reductions as a 39,000-dwt was rumoured to have been fixed from SW Pass to the Black Sea with grains in the low $20,000’s. In the South Atlantic, a 37,000-dwt fixed from Santos to Morocco with a cargo of sugar at $20,000, whilst a 43,000-dwt fixed from Recalada to Venezuela with a cargo of grains at $22,000. Asia was more balanced with an unknown handy fixing from China via Indonesia for a round trip at $9,200 but further information was limited.
Source: Baltic Exchange
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
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