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Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
 There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 (+2.6%), the BPI 1,913 (+10.8%), BSI at 1,533 (+2.3%) and the BHI progressed to 774 points (+4.6%).
Capesize
A surprise jump in rates was recorded in the latter part of the week despite the week-long holidays in China. W-o-w the 4TC average rose nearly 5% to $27,876 per day. Rio Tinto was busy in the Pacific and a reported $11.35 was reached for one fixture for October loading, with around $10.70 proving to be the average for the week. South African coal proved another active area, while Atlantic tonnage was yet again tight, and again gains here showed the biggest increase. This activity resulted in a firming in the near-period FFA rates and Q4 finished with a near 13% gain compared to the previous week. The 4TC rose another $600 on Monday, with sentiment fairly positive for the week ahead.
Panamax
The Atlantic basin tightened over the week, with notable support emanating from the USG where enquiry remains healthy. Both TA and front haul rates improved notably (an increase of $1,341 on 1A and $1,683 on 2A indices between 30/09/11 - 07/10/11). The Pacific market also appeared tighter, in large part due to the holidays in Asia but also as a result of significant numbers of ballasters having sailed to the Atlantic in search of fresh business. Pacific rounds exhibited strong underlying support, with the 3A index rising by $2,281 over the week. Looking further forward however, there may be some expectation for additional tonnage from the East to weigh down on TA rates, although the market appears stable for the time being. There has also been a notable increase in the volume of open market tonnage in the Pacific at the beginning of the new week, suggesting that the recent upward trend may begin to stabilize a touch.
Supramax/Handy
The Baltic Supramax Index went up by 32 points to finish at 1,533 points last week, while the average of the time charter routes gained about $400 daily to finish at $16,000 per day.
The market remained steady with many players closed due to holidays and celebrations in the Far East. The market was active in the Atlantic however with scrap out of the Continent and more and more freshly added grain/sugar cargos ex-ECSA. Ballasters coming from the Pacific / Indian Ocean helped to balance the rates for the vessels suffering from fewer cargoes in India / Far East. On the other hand, more and more interest for Supramaxes on short / medium period helped to sustain the market.
On the smaller sizes, the Baltic Handysize index went up by 23 points to finish at 774 points with the time charter routes gaining $300 to reach $11,270 daily. The Atlantic and the Pacific levels are becoming quite balanced, and the TARV is worth $11,500/ day today, whereas the Pacific round voyage is valued $11,000 daily. On the period front, we saw interest on both middle period of 1 year and short period. A 57,000 dwt recently built vessel fixed for 12 months trading delivery Far East at $13,750 daily with worldwide redelivery, while short period reached levels close to $14/14,500 daily.
Source: Barry Rogliano Salles
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Friday, 31 July 20
BOTSWANA PLANS MORE COAL-FIRED POWER AS AFRICAN SOLAR ACCELERATES - IEEFA
An African economic leader like Botswana should embrace solar to reduce subsidies and tariff hikes
As Sub-Saharan solar ambition has ...
Wednesday, 29 July 20
2019 U.S. COAL PRODUCTION FALLS TO ITS LOWEST LEVEL SINCE 1978 - EIA
In 2019, U.S. coal production totaled 706 million short tons (MMst), a 7% decrease from the 756 MMst mined in 2018. Last year’s production wa ...
Wednesday, 29 July 20
MARKET INSIGHT - INTERMODAL
The dry bulk sector is beginning to recover from reduced SnP activity recorded in the first quarter of 2020. The table below illustrates that appro ...
Tuesday, 28 July 20
DEUTSCHE BANK TO END GLOBAL BUSINESS ACTIVITIES IN COAL MINING BY 2025 - REUTERS
Deutsche Bank, in a revamp of its policies for fossil fuels, said on Monday that it would end business activities worldwide related to coal mining ...
Monday, 27 July 20
IEEFA ENERGY FINANCE CONFERENCE 2020: COAL, LNG, PETROCHEMICAL SECTORS FACE POOR OUTLOOK AND UPHILL BATTLE FOR INVESTORS
Fossil fuel industries were becoming less financially attractive even before the global coronavirus pandemic
Three major fossil fuel ...
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- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
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