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Monday, 16 December 19
ULTRAMAX: A 63,000DWT SHIP FIXING DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, FOR RE-DELIVERY TO CHINA AT $11,000 - BALTIC BRIEFING
.jpg) Capesize
It was one-way traffic for the Capesize market this past week, with all routes giving up value. While downward momentum may have slowed a touch by Friday, the Capesize 5TC took a trouncing, losing $5,702 to settle at an almost six-month low of $18,002. Fixing activity was solid throughout the week, especially in the Pacific as charterers took advantage of owners scrambling to fix. Some suggest this new level could bring about an increase in enquiry, as trading activity is currently thought to be healthy overall, albeit in a declining market. With the strength of the Pacific in recent weeks, imbalances in tonnage supply to the West are already being mentioned. Vessels are continuing to be heard fixing for cargoes out of Eastern Canada on fronthaul, but the tonnage in the Atlantic looks to be tightening. The Brazil to China C3 opened the week at $21.615 to close Friday at $18.96. The C5 opened at $10.295 to end the week down at $8.364.
Panamax
The firmer market continued this week, with indices rising. In the Atlantic to East Coast South America (ECSA), grain cargoes continued to push the market. Rates increased slightly on the week, with the high being $15,000 plus $500,000 ballast bonus paid for an 82,000dwt ship. Activity picked up this week around the US Gulf and coupled with an effervescent Baltic market, rates in the North Atlantic saw significant rises. We even witnessed a couple of deals with Japan delivery to cover US Gulf grain trips to the Far East, with the high being an 81,000dwt vessel achieving $14,000 retro to Japan. In Asia, it remained relatively steady and an 85,000dwt ship agreed a strong $14,500 coming from Australia for a round trip to China. A quieter week from Indonesia, but we saw an 81,000dwt vessel agree to $14,000 for the Indonesia to China coal trip. The week’s low was a 76,000dwt ship fixing at $9,000 for similar business.
Supramax/Ultramax
A mixed week for the Baltic Supramax Index (BSI) which overall remained flat. Limited period cover came to light, but a 52,000dwt ship open in the US East Coast was fixed for three to five months, trading at around $13,000. In the Atlantic, it was finely balanced from the Mediterranean – Continent region. A 63,000dwt vessel fixing a scrap run from the United Kingdom to the East Mediterranean in the mid $12,000s. ECSA saw an increase in demand, with rates improving. An Ultramax fixing a trip to the Arabian Gulf in the $14,000s, plus a low $400,000s ballast bonus. The Asian Basin became quiet as the week progressed, with a 63,000dwt ship fixing delivery for a Singapore trip via Indonesia, for redelivery to China at $11,000. A 56,000dwt vessel was also fixed from China to the Arabian Gulf in the low $6,000s. The Indian Ocean remained static, with a 55,000dwt ship fixing delivery to Mumbai via the Arabian Gulf, for redelivery to West Coast India at $9,000.
Handysize
The Baltic Handy Size Index (BHSI) raised a few points and then went flat. Not much improvement from vessels open in the Skaw-Passero range. However, ECSA and the US Gulf market climbed throughout the week. A large, Handysize vessel was clean fixed at $12,500 basis US Gulf delivery for a trip to East Mediterranean. A 37,000dwt ship, open Canakkale, was fixed for a trip via the Black Sea to the Continent at $7,500. From ECSA, similar-sized ships were fixed to West Coast South America (WCSA) ranging from the mid $15,000s, to low $17,000s. The Pacific Basin remained quiet, with minimal changes on the period front. A 36,000dwt vessel, open in the Sea of Marmara, was booked for three to five months at $10,000, with redelivery in the Atlantic.
Source: The Baltic Briefing
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Friday, 22 November 19
UNCERTAINTY IN THERMAL COAL MARKET PERSISTED IN 3Q19 - ADARO
Uncertainty in thermal coal market persisted in 3Q19, mainly due to the actions, or inactions, of China in setting policies for global coal market. ...
Friday, 22 November 19
CIL TO DEVELOP 55 NEW COAL MINES IN NEXT 5 YEARS: COAL MINISTER
State-owned CIL will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed. The company is also un ...
Thursday, 21 November 19
4TH DEEP OFFSHORE WEST AFRICA CONGRESS 2020
4th Deep Offshore West Africa Congress 2020
17 Janaury 2020
Accra, Ghana
Press Release: Following the great succ ...
Thursday, 21 November 19
INDONESIA PLANS TO KEEP $70/T COAL PRICE CAP FOR PLN, DMO - REUTERS
Indonesia’s energy minister Arifin Tasrif said his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT ...
Wednesday, 20 November 19
FOREIGN DIRECT INVESTMENTS IN COMMERCIAL COAL MINING IN INDIA? - DIPESH DIPU
In August 2019, Government of India announced its approval for Foreign Direct Investment (FDI) for coal mining, processing and sale. Not that FDI i ...
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- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
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