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Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
.jpg) Capesize
The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week’s $11,621 and nudged to over $12,000. It then dropped to $11,705, however, by close it rallied to $11,909. West Australia to China ore run followed a similar pattern from high $6.00s, before losing 50 cents, ending the week marked around $6.50.
News was heard overnight Thursday that Brazilian miner, Vale, advised prosecutors that another dam in the State of Minas Gerais is at risk of rupturing within the following week. This prediction was based on current movements at the dam. The mine hasn’t been active since 2016, as such, iron ore market flows would not be expected to be affected. Vale has raised its level of alert for the surrounding area. While getting ahead of possible incidents with warnings and evacuations is good to hear, the market is now questioning when these dam sagas will end and business as usual can be resumed.
Panamax
A busy start to last week saw the Baltic Panamax Index (BPI) 4TC average rise steadily to over $10,000 from around $9,500 at the end of the preceding week. South America was again the main focus, with modern Kamsarmaxes now traded in excess of $16,000, plus $600,000 ballast bonus. That said, most of the reported trades had been concluded on a Dropping Outward Pilot station (DOP) basis, or, passing Singapore. A particularly well described unit achieved a high of $15,000 for the round voyage. The North Atlantic was said to be well balanced, with slight increases in transatlantic trades in line with the improved front haul rates. The Pacific market was helped greatly by South American activity, combined with a preference for trips into India. This meant rates for trades within the area jumped midweek. A lack of fresh enquiry at the end of the week had many pointing towards a correction. Nonetheless, period discussions had increased.
Supramax
The Baltic Supramax Index (BSI) started the week in upward mode, but petered out as the week closed. Limited fresh period activity surfaced, but a 52,000dwt vessel, open US Gulf, was rumoured fixed for four to six months trading, with redelivery Arabian Gulf-Japan in the $12,000s. The Atlantic saw better levels from some key areas including the US Gulf. A well described 60,000dwt ship fixing around $19,000 from here with redelivery in Japan. As the week continued, pressure was surfacing from East Coast South America, with a lack of prompt tonnage. A 53,000-tonner fixed basis delivery Up River for front haul in the high $12,000s plus high $200,000 ballast bonus. There was increased activity from the Indian Ocean, where a 63,000dwt ship fixed delivery South Africa and redelivery West Coast India at $13,400 plus $340,000 ballast bonus. Further east, it was finely balanced, with a 56,000dwt open Panjang fixing at $10,500 for a trip via Indonesia, and redelivery China, at $10,500.
Handysize
Overall, it was a week of continuous improvement in the Handysize sector. Rates started the week flat, with mixed feelings in the Atlantic basin, but the sentiment started to grow slightly more positive in the Continent-Mediterranean-Black Sea areas after the recent weeks of lower fixtures. Brokers also noticed potential signs of tightening tonnage list from East Coast South America going into next week. A 33,000-tonner open Recalada was booked for a trip to the Baltic at $8,750 early in the week. A similar-sized ship was fixed for the same delivery to Morocco at $9,000 at a later stage. On the Continent, a 38,000dwt box type was fixed from Brake to the US Gulf at $8,000. Whilst in the east, large Handysize vessels were achieving in the region of $7,000s basis Singapore delivery for round trips with Asia redelivery. It was rumoured similar levels were being fixed for China-Japan delivery and redelivery Southeast Asia.
Source: The Baltic Exchange
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Friday, 12 April 19
U.S : MORE THAN 7 GW OF COAL-FIRED GENERATION IS SCHEDULED TO RETIRE BY THE END OF 2020 - EIA
EIA estimates that U.S. coal production decreased by 19 million short tons (MMst) (2%) in 2018, totaling 756 MMst.
EIA also expects ...
Friday, 12 April 19
GLENCORE WINS $520 MILLION DEAL TO SELL COAL TO MEXICO - REUTERS
Global trader Glencore has won contracts worth around $520 million to supply 4.94 million tonnes of coal to Mexico, state-run power utility the Fed ...
Thursday, 11 April 19
AUSTRALIAN COAL IN THE FRONTLINE OF CHINA'S SUPPLY GLUT - AUSTRALIAN FINANCIAL REVIEW
Australian coal will be hardest hit as China cuts foreign imports of its key energy source to tackle oversupply, and implements policies favouring ...
Wednesday, 10 April 19
COALTRANS ASIA - TAKE PART IN THE LARGEST COAL EVENT IN THE WORLD!
Take part in the largest coal event in the world!
Coaltrans Asia is back this June bringing together the entire international coal s ...
Wednesday, 10 April 19
KOSPO INVITED BIDS FOR 160K MT OF MIN. 3700 NCV COAL FOR JUNE LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 160,000 MT of min. 3,800 Kcal/kg ~max.4,100 ...
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- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
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