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Saturday, 18 January 20
A 61,400 DWT FIXED FROM SOUTH EAST ASIA DELIVERY EAST KALIMANTAN REDELIVERY WEST COAST INDIA IN THE LOW $7,000S - BALTIC BRIEFING
 Capesize
The market was relatively stable over this past week putting an end to the past months of more extreme declines. While the Capesize 5TC still softened marginally, opening the week at $9,438 and closing it at $8,352, market fundamentals appear to have stabilised with a dismal floor for owners in the Pacific and a tight tonnage situation in the Atlantic commanding a premium. In the Pacific the C5 closed out the week at $6.832 with the Pacific round C10 trading at $3,871. While bunkers gave a bit of reprieve earlier in the week helping owners, voyage rates declined in the Pacific putting earnings at firmly sub OPEX levels for standard vessels. Fixing activity has been mild throughout the week with Friday being very quiet. The Atlantic basin’s C8 closed out the week at $14,440 dropping -$1,035. With Chinese New Year officially starting next week on 24 Jan, most traders will be preparing for an impending quiet market. Whether this results in a ramp up of trading activity in the coming shortened week remains to be seen.
Panamax
A fluctuating week in the Panamax market. After a slow start it showed small green shoots of recovery by mid-week only for activity to appear to slow again come the end of the week. However, these gains are still some way shy of levels the market witnessed only one month ago. East coast South America again continued to be the main driver lending support to the market not only in the Atlantic but also south east Asian tonnage positions. A rate of $15,000+$500,000 was concluded on an 82,000dwt for East Coast South America to Far East. The Pacific market saw some improvement with healthier demand in the north with an 82,000dwt able to achieve $7,500 for a North Pacific trip basis a China delivery, further south the Indonesia round trips were more akin to $5,000+$60,000 gross ballast bonus delivery APS delivery port for 82,000dwt.
Supramax/Ultramax
A lacklustre week again with many areas seeing negative movement. Limited period activity surfaced an Ultramax open north Asia obtaining $10,750 for 4 to 6 months trading, however there was generally a large gap between owners’ and charterers’ ideas. The Atlantic suffered with a plentiful supply of tonnage despite some areas seeing improved enquiry. A 63,000dwt fixing delivery Continent trip redelivery east Mediterranean at $9,500. A 63,300dwt fixed delivery Turkey for a fronthaul at $16,500. As the week closed better levels of enquiry were noted, but again tonnage supply remained strong. From south east Asia a 61,400dwt fixed delivery east Kalimantan redelivery west coast India in the low $7,000s. NoPac business was seen a 58,000dwt fixing delivery on the coast redelivery China at $7,750 plus $250,000 ballast bonus. The Indian Ocean also failed to inspire, a 58,000dwt fixed delivery west coast India redelivery China at $6,000.
Handysize
Overall a slow week with negative sentiment continuing in both basins. Activity from the Atlantic remained limited especially in the US Gulf, Continent and Mediterranean area, whilst east coast South America appeared to be the only exception with rates improving. The $9,000s level was reported on mid to large sized Handy vessels delivery in the US Gulf for a trip to east Mexico or to the UK Continent. A coastal trip from east coast South America paid $12,800 on a 35,000dwt and a similar-sized was fixed from Recalada to southeast Asia at a tick over $17,000. The Pacific market largely weakened with more rates basis APS loading. A 28,000dwt open in Indonesia was fixed at $6,500 basis Australia delivery for a trip to Japan.
Source: The Baltic Briefing
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Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
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