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Monday, 18 November 19
SUPRAMAX: IN THE INDONESIAN COAL BUSINESS, A 58KDWT VESSEL FIXED DELIVERY PHILIPPINES, REDELIVERY INDIA AT CLOSE TO $8,000 - BALTIC BRIEFING
Capesize
For most of the week the rates were nudging up under a flurry of activity in the Pacific as levels for the West Australia to China C5 route were being fixed in the upper eight-dollar level for usual 170,000dwt vessel, 10% cargo. FMG fixed a Newcastlemax for end-November, loading at $8.65. By the end of the week there was a softer tone and the route ended being marked close to $8.75. Kepco covered a couple of Australia cargos to Youngheung, loading end-November. There was talk of Saldanha Bay to Qingdao fixing for early December in the $15’s, but nothing has been verified. Rates from Brazil moved into the upper $18’s out of Tubarao, with talk of Cargill fixing the ‘Amigo II’ (179,016dwt, 2011 built) possibly at $19.00 for 6 December onwards. Vale were mentioned as having taken some tonnage, but no details have been confirmed. With further fixtures rumoured from St Lawrence, the fronthaul levels are hovering around $35,500. This is almost $500 down from the end of last week.
Panamax
The Panamax market sell-off continued in the same vain from the previous week, with all sector indices continuing to lose ground on the week. This was despite some suggestions of the market possibly finding a bottom mid-week. In the Atlantic, the longer Transatlantic round-trip rates ranged from $14,250 for a 75,000dwt vessel to a high of $15,500 for an 84,000dwt vessel, basis East Coast South America delivery. The shorter duration trips via the Baltic Sea were few and far between, with a 76,000dwt ship achieving $9,000, whilst $11,000 was fixed on similar sized tonnage. Activity was limited from South America to the Far East, but rates ranged from $14,250, plus $425,000 for a 76,000dwt vessel, to $14,750 plus $475,000 on an 82,000dwt vessel. In the Pacific, traded volumes were relatively healthy, with some Indonesian trips to China reported. This included an overaged 72,000dwt ship concluding at $6,500 and an 82,000dwt ship fixing at $8,500. The longer duration round-trips, via Australia, were also seen to weaken. The highest rate reported being $9,750 on an 82,000dwt vessel, down to the lowest of $7,500 on a 76,000dwt vessel.
Supramax/Ultramax
Not the most exciting week for the Supramax-Ultramax market. With a plentiful supply of tonnage in many areas, rates saw negative movement. Little period activity surfaced, but a 63,000dwt ship, open Yeosu, was fixed for four to six months trading at $10,350. From East Coast South America, a 55,000dwt ship was failed for a trip delivery Recalada, redelivery Far East, at $12,000 plus $200,000 ballast bonus. Elsewhere, an Ultramax was fixed for a fronthaul delivery Canakkale at around $17,000. The Asian arena also lacked resistance with limited fresh enquiry. A 63,000dwt ship, open Hong Kong, was reported fixed for a trip via Australia, redelivery Taiwan, at $9,750. In the Indonesian coal business, a 58,000dwt vessel fixed delivery Philippines, redelivery India atclose to $8,000. From the Indian Ocean, a 53,000dwt vessel fixed delivery Bin Qasim, via Mina Saqr, redelivery East Coast India, at $10,500.
Handysize
The gloomy trend from last week continued, with brokers seeing limited activity overall. Negative movement remained with neither basin showing any sign of improvement. Most of the owners and charterers chose to keep the fixtures in the dark as the rates were said to be bearish. On the period front, a 28,000dwt vessel open Istanbul next week was fixed for nine to twelve months at $8,700, with redelivery in the Atlantic. A similar-sized vessel open in the same area was paid $6,000 for a single trip to East Coast South America. From East Coast South America, a 34,000dwt ship was booked for a quick trip to North Brazil at $12,000. A 36,000dwt vessel open Skagen was fixed for a trip to Sea of Marmara at $10,550. In the East, a 33,000dwt ship open Vietnam was fixed for a quick trip to Singapore at $6,000 early in the week.
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Thursday, 19 December 19
COAL POWER GENERATION CONTINUES TO DECLINE IN GERMANY: DESTATIS, XINHUA REPORTED
The volume of electricity generated in coal-fired power plants in Germany decreased “markedly” by 37 percent to 34 billion kilowatt-hou ...
Thursday, 19 December 19
BANGLADESH'S NBR CUTS VAT ON COAL IMPORT FOR POWER PLANTS - THE DAILY STAR
The National Board of Revenue (NBR) reduced value added tax on the import of coal for power plants to 5 percent from present 15 percent for five ye ...
Wednesday, 18 December 19
AVERAGE PRICES OF COAL IN 2018 WERE MORE THAN 60% HIGHER THAN IN 2016 - IEA
Coal use grew again in 2018.
Global coal demand increased by 1.1%, continuing the rebound that began in 2017 after three years of decline ...
Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in ...
Wednesday, 18 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact ...
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- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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