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Monday, 23 September 19
SUPRAMAX: THE ASIAN ARENA IT WAS A SLOW START, BUT DEMAND INCREASED AS THE WEEK WENT ON - BALTIC BRIEFING
Capesize
The market trended down over this past week, breaking the market out of its upward trending range. While the market traded sideways at the beginning of this past week, it was unable to build any upward momentum and broke to the downside midweek. Brazil to China C3 opened the week at $25.89 to close out Friday at $23.705, while West Australia to China C5 opened at $10.923 to close at $9.145. Trade activity was moderate throughout the week in the Atlantic, while quieter in the Pacific. Bunker pricing for traders was a wild ride this week as fuel markets absorbed possible scenarios of war risk footing in the Persian Gulf. Prices lifted drastically leaving many to back off trades and wait for the situation to calm. Rates did reduce but are still at elevated levels. The 5TC opened the week at $33,996 to close at $31,470. While there was some talk of a floor being reached, Fridays drop of -$1301 momentum looks still to the downside.
Panamax
The week began with small increases in the Atlantic indices, but this was soon reversed, and the losses accelerated as the week wore on. There was healthy fixing volume for both transatlantic and fronthaul trips, but the earlier tonnage was forced to reduce their offers to find cover. Brokers felt October positions looked more balanced. The Pacific drifted lower all week, with vessels in the North forced to ballast South. The South American market was not providing its normal support, with charterers concentrating on taking tonnage delivery Arrival Pilot Station (APS) below last done levels. There was hope of a possible surge in fixing this week, prior to Golden Week, but this was the only positive from the week. Very little period trading was reported, although a modern Panamax did fix for a year at $12,500 basis delivery prompt in Japan.
Supramax/Ultramax
A mixed week overall for the Baltic Supramax Index (BSI), which started in negative mode but as the week closed the trend slowed. Limited period activity was reported, many waiting to see a clearer direction in the market. An Ultramax was covered from the Continent for a short period at $20,000, redelivery worldwide. From the Atlantic, demand waned from East Coast South America, whilst stronger levels were noted from the Mediterranean. A 55,000dwt vessel fixed delivery for a central Mediterranean trip via the Black Sea, redelivery Southeast Asia, at $27,500. From the US Gulf Ultramaxes were seeing in the upper $20,000s for trans-Atlantic runs. From the Asian arena it was a slow start, but demand increased as the week went on. A 61,000dwt ship open Indonesia fixed a trip via Australia, redelivery Japan, at $17,000. A 53,000-tonner, open Chittagong, was fixed for a trip via East Coast India, redelivery China, at $15,000. All eyes fixed forward to see the following week’s direction.
Handysize
The Baltic Handysize Index (BHSI) stayed still at 691 for the first four days of the week and eventually improved a point by Friday. Overall the sentiment in the Atlantic remained positive, with East Coast South America slightly improving. The rates from the Pacific continued to ease as limited volume lent support to the fixing level, especially for second half September dates cargo. On the period front, a 32,000dwt vessel, open Uddevalla in mid-September, was fixed at $11,500, with redelivery in the Atlantic. A 33,000-tonner open Lagos was fixed via East Coast South America for a trip to the Persian Gulf at $24,000, intention petcoke. A 33,000dwt ship open Oran was fixed to run via North France and redeliver in Algeria in the mid $11,000s. In the East, a 28,000dwt vessel open Ho Chi Minh city was fixed for a trip to CJK at a rate in the high $8,000s. A 33,000dwt ship open North China and a 38,000dwt ship open South Korea were both fixed for a Pacific trip at $9,000 and $11,500 respectively, possibly with steels.
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Tuesday, 15 October 19
INDIA READIES POLICY TO ATTRACT FOREIGN INVESTMENT IN COAL MINING - REUTERS
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country's Co ...
Monday, 14 October 19
WINTER OIL MARKET OUTLOOK - OPEC
Product markets in the last two months have benefitted from seasonal maintenance which have led to a tighter product market environment, providing ...
Sunday, 13 October 19
INDONESIA: PANAMAX VESSELS OPEN SOUTH CHINA WERE REPORTEDLY FIXED AT $14,000 LEVEL, WITH REDELIVERY BACK IN CHINA - BALTIC BRIEFING
Capesize
The Capesize market managed to find a floor and rally a little this week after several weeks of declines. While the West Australia to ...
Friday, 11 October 19
INDIAN MINERS REJECT PLAN TO LINK NATIONAL COAL INDEX TO FOREIGN PRICES - REUTERS
India’s miners are rejecting a government proposal to establish a national coal index that would be linked to international prices, documents ...
Friday, 11 October 19
THE OCTOBER BENCHMARK PRICE OF INDONESIAN THERMAL COAL DECLINES TO LOWEST SINCE OCTOBER 2016
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
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Showing 1316 to 1320 news of total 6871 |
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- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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