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Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk carriers. Yesterday, the industry’s benchmark, the Baltic Dry Index (BDI) was down by 2.4% to 1,100 points, with the Capesize segment losing the most, as the Capesize Index was down by 63 points or 3.93 percent to 1,539 points.Commenting on the Capesize market, shipbroker Fearnleys noted that “the number of ballasters is increasing and the Tubarao/Qingdao rates has been dropping steady throughout the week. Last done is USD 20 pmt, and it seems some owners are now prepared to face the sub 20 level for this trade. Furthermore, the ballasters from the Far East are to a larger extent competing with the Atlantic tonnage for USEC/St Lawrence cargoes. West Australia-China rates have been flat around the 7.70 mark whilst period activity is inactive but levels remaining around 12k for a year” said the shipbroker.
On the Panamax market, Fearnleys noted that “last week ended with a bullish sentiment from owners with predictions of tight supply for Atlantic tonnage. This took a turn this week with an extremely slow Monday, low activity and a growing list of available ships in the Atlantic. Owners are gradually willing to look at fronthaul as Atlantic is weakening. The indices have slowly been declining, but the general sentiment is even more bearish than the indices reflect assisted by a falling forward curve. Despite more coal cargoes out of USG and USEC for direction India/Feast and the Continent, the number of ships is outnumbering the cargoes. The Tarv´s are being fixed in region of USD 10-12k depending on duration and trade. In the Pacific we see the same tendency with rates slipping for all trades and a Pac round is now paying around USD 7.5k. The period market has somewhat vanished with little being done” it mentioned.
Meanwhile, in the Handy/Supra markets, Fearnleys stated that the “Supra market continued with the same pace as last week. Skaw/Passero deliveries fixed towards US Gulf were paid around USD 5k, while US Gulf fixtures concluded tick below USD 24k for UK/Cont direction. Fronthauls was hovering around USD 19k p/d. Pacific market has been weak and falling due to lot of prompt available ships and lack of cargoes. For Indo- India, large eco Supra now fixed at USD 7k + BB USD 80k bss APS Indonesia. Nickel ore cargoes are not seen in market anymore due to on-going Indo ban which has again taken away cargoes and putting pressure on market. Nopac also fixed under USD 9k dop Japan. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 10k and ECI-China around USD 7k. Some ECI Supras have been ballasting to pick up Indo cargoes as well. RBCT rv fixed at APS USD 11k + BB USD 350k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 10k for large Supra” it concluded.
In a separate note, Shiptrade Services, a Piraeus-based shipbroker noted on the Supramax market that “the USG market is recovering in this size range with many fresh coal and scrap requirements in the market. The lack of tonnage in W Med and W Africa led the rates upwards The rates basis aps USG / ECSA closed well above 20,000 and we also learned that tonnage was fixed for trips via W Africa to Far East at USD 20000. The short period rates closed at USD mid teens levels depending on delivery , speed/cons figures etc. On the contrary the rates in the Pacific dropped heavily like in the Panamax market. The market turned pretty quickly to an aps market whereas the week before all supramax chartereres were rating vessels in china basis delivery dop for Aussie or NOPAC rounds. The Indonesian market also softened with Nickel ore round rates closing at USD 8000 basis delivery South China whereas Coal rounds closed at usd 6,500-7,000 depending on vessel’s particular, delivery etc. The backhaul rates closed at USD 6-7000 region depending on delivery and redelivery” it noted.
On the Handysize market, Shiptrade said that “in the Atlantic, the round voyage improved with rates ex ECSA to Med/Continent at USD 18,000 levels basis aps, a USD 1,000 increase than the week before. Coastal Latin America trips that will keep the vessels in the area were being fixed at USD 13,500 while USG was paying USD 17,500 for Continent/Med direction. Intra Med cargoes were done at USD 7,250 via Black Sea to Spain Med and orders ex Black Sea to USG and ECSA remained once again at very low levels. Trips from Continent to West Africa were fixed at USD 10,500. Pacific remained stable with a slight increase in numbers with the round voyage at around USD 8/8,500. Log cargoes via Australia to China and some short trips at North China/Korea range were on better levels around USD 9,000. The iron ore and coal cargoes ex Malaysia to China were paying USD 15/16 pmt leaving owners with low T/C equivalents. Backhaul trips were done at USD 8,550 levels, mainly with bagged rice ex SEASIA to West Africa. Periods were fixed at around USD 9,000 levels which was much improved compared to last week’s numbers” the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 18 August 20
BLACKBALLED: WILL COAL BOUNCE BACK FROM SLUMP OR IS IT TERMINAL? - SYDNEY MORNING HERALD
Even by the standards of this miserable year, 2020 has been a shocker for the global coal industry.
As the lockdown kicked in demand ...
Friday, 14 August 20
EIA: COAL PLANTS UNECONOMICAL IN MOST REGIONS - IEEFA
U.S. coal power generation plunged by 30 percent in the first half of 2020 off an already-depressed base, shoved out by natural gas and renewables ...
Thursday, 13 August 20
INDIA SHOULD RECORD A SLIGHT DECREASE IN THERMAL COAL IMPORTS, REACHING A VOLUME OF 167 MILLION TONS BY THE END OF 2020 - ASSOCARBONI
Regarding 2020 thermal coal imports forecasts, Vietnam’s coal imports showed a very strong growth in the first half of 2020 and it is believe ...
Thursday, 13 August 20
INDONESIA REMAINS THE LARGEST EXPORTER OF COAL IN THE WORLD - ASSOCARBONI
According to the last Assocarboni data for 2019, Indonesia remains the largest exporter in the world. Thermal coal exports have in fact reached 456 ...
Wednesday, 12 August 20
VIETNAM WAS THE PROTAGONIST OF A SIGNIFICANT INCREASE IN COAL IMPORTS IN 2019 - ASSOCARBONI
The latest Assocarboni data for 2019 also provide a detailed picture on the trend of the global coal import.
According to Assocarbon ...
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- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
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