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Saturday, 13 April 19
CAPESIZE: WEST AUSTRALIA TO CHINA IRON ORE CARGOES LIFTING FROM $4.60 PMT TO ABOVE $5.00 - BALTIC BRIEFING
.jpg) Capesize
The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although by Friday’s close most gains were lost, and it finished up at $5,737, a modest gain of $638. Improved sentiment stemmed from Atlantic-tightness combined with an open Colombia coal arbitrage. This in turn provided an influx of fronthaul cargo with minimal candidates, a much-needed injection in recent market times. The improved sentiment lent itself to escalations in the Pacific market. This led to West Australia to China iron ore cargoes lifting from $4.60 per metric ton (pmt) to above $5.00. The week ended on a wimper as the Pacific remained firm to holding, while the Atlantic rates and sentiment softened as the arbitrage closed. The ice premium season is also coming to an end at the beginning of May.
Panamax
An uneventful week started very slowly in the Pacific, partly due to Coaltrans in Shanghai. Despite increased activity in the second half of the week, spot rates have drifted lower. Coal into India remained the main driving force, with more grains from the North Pacific also evident, but the tonnage profile remained in Charterers favour. There has been increased period activity, with several modern Kamsarmaxes fixed for five to eight months around $11,500. Two new buildings agreed index-linked deals, with an $11,000 floor plus profit share for two years apiece. Several similar ships concluded on one year deals too and it appeared to be the same Charterers taking multiple ships in each case. In the Atlantic, fronthaul grains continued to support the market with a constant flow of fixtures being reported, although rates again softened slightly during the week. Sources suggested tonnage on the North Continent had tightened, but this hadn’t yet been reflected in reported trades.
Supramax
The Baltic Supramax Index (BSI) continued its downward trend during the week, however, some areas showed more resilience than others. Period activity remained subdued, but a 58,000dwt vessel open Dubai was fixed for a short period at $11,500. From the Atlantic the only bright area was East Coast South America, with transatlantic runs seemingly at healthier levels. A 57,000dwt ship concluded delivery Recalada trip to Algeria at $17,000. Otherwise fresh enquiry lacked impetus, especially from the Continent-Mediterranean, with 53,000-tonner fixed delivery central Mediterranean, redelivery Arabian Gulf, at $11,000. In Asia, a similar situation saw a build-up of tonnage in the north. From Southeast Asia it was finely balanced. A 56,000dwt vessel, open Singapore, fixed a trip redelivery India with sands, at $9,000s. The Indian Ocean was active, however rates remained steady. A 55,000dwt ship fixed delivery Port Elizabeth, redelivery Far East, at $11,400 plus $140,000 ballast bonus.
Handysize
A week of continuous falls in both the Atlantic and Asian markets. Negative sentiment was evident and gained pace throughout the week. A 34,000-tonner open Veracruz was fixed basis Southwest Pass for moving petcoke to Mexico at $6,500. A similar sized vessel, open Savannah, was fixed for moving grain to Ireland at $6,000 with the same delivery. From East Coast South America, a 35,000dwt ship was paid $14,000 for delivery Recalada to Australia, and a 31,000dwt vessel was booked at $10,500 from Praia Mole to Rio Grande for a coastal run. A trip from the Black Sea to Otranto paid approximately $6,000 on a 35,000dwt ship, basis delivery Canakkale, and at low $5,000s level for a trip to East Coast South America with a steel cargo on a 37,000dwt vessel. From Asia little was reported and again rates remained under negative pressure, with a lack of fresh enquiry.
Source: The Baltic Briefing
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Friday, 14 February 20
KOWEPO INVITED BIDS FOR 1.275 MILLION TONS OF MIN. 5,600 NCV COAL
COALspot.com: Korea Western Power Co. Ltd (KOWEPO). as a representative of five Korean Gencos has issued an international tender for total 1,275,00 ...
Friday, 14 February 20
IS THE US COAL INDUSTRY COMPLETELY BURNED OUT? -FORBES
This is the fourth of a multi-part series on the state of the main sources of energy in the US and how they compare globally. The series will cover ...
Friday, 14 February 20
FITCH RTGS: GLOBAL PORTS VULNERABLE TO CORONAVIRUS - RELATED VOLUME DECLINES
Global ports will see reduced trade volumes as a result of the coronavirus, COVID-19, which would become more severe should Chinese production take ...
Thursday, 13 February 20
INDIA: MAJOR PORTS SHOW MUTED GROWTH IN CARGO AS THERMAL COAL VOLUME SLIDES 15% - BUSINESS STANDARD
A sharp slide of 15 per cent in thermal coal volumes weighed on the performance of major ports during the period of April-January of FY20. The majo ...
Wednesday, 12 February 20
REFINING SET FOR A CHALLENGING 2020 - WOOD MACKENZIE
Downstream isn’t the glamorous end of the oil business. And in Big Oil, it’s typically dwarfed by upstream. Yet having been forced to r ...
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- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- PTC India Limited - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- The University of Queensland
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Planning Commission, India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
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