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Saturday, 28 December 19
SUPRAMAX: A 63,000DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
.jpg) Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing IMO bunker costs. A week out from Christmas there was a definite holiday feel, with some traders already absent. Opening Monday, trade was sparse in both Basins, but by mid-week there was signs the Atlantic had bottomed out and improved sentiment was found. The Pacific continued its rout, with the C10 opening the week at $17,000 to close at around $11,200. The two Basins are once again diverging with each other, with the Atlantic C8 at $17,300. Throughout the week the West Australia C5 was volatile, but as the week closed more activity was rumoured and settled at $7.20. The Brazil to China C3 closed in the upper $18.00’s. The C5TC settled at $14,451 on Friday, with two days left to price for the year.
Panamax
Negative values spread across most areas of the market this week, with the Pacific witnessing the biggest losses. In the Atlantic, cargo demand from the South Atlantic weakened a little, but steady enquiry was seen further north. For transatlantic trips from the US Gulf at start of the week we saw a 75,000dwt ship achieving $13,400 plus $340,000 ballast bonus. By the end of the week, an 81,000dwt ship was fixing $12,500 plus $250,000 ballast bonus, both delivery Arrival Pilot Station (APS) US Gulf, with redelivery Skaw-Gibraltar range. From East Coast South America, highest fixed was $15,000 plus $500,000 ballast bonus on an 81,000dwt ship for a trip to the Far East, with the low a 75,000dwt ship achieving $13,600 plus $360,000 ballast bonus. In Asia a big sell off in rates as the week progressed. The highlight at the start of the week was an 81,000dwt vessel agreeing $11,000 for an Australian round trip. However, by Friday a 79,000dwt vessel had conceded $6,250 for a trip via Australia to India.
Supramax/Ultramax
With the long holidays ahead, the market ends on a quiet note, with the Baltic Supramax Index (BSI) having lost ground. Period activity surfaced mid-week, with a 61,000dwt ship, open US East Coast, fixing short period Atlantic trading in the low $13,000’s. The Atlantic softened as owners sort cover over the holiday period. From the US Gulf, 55,000dwt ships saw around $16,000 for transatlantic runs. The South Atlantic closed on a subdued note, although some said there was still demand for trips to the Far East. There was limited information from the Mediterranean, but a 56,000dwt vessel was fixed from Turkey to Spain in the upper $8,000s. As the week closed, tonnage lists in Asia increased, with a lack of fresh enquiry. A 63,000dwt vessel, open Cigading, fixed a trip via Indonesia, redelivery West Coast India, at $8,500. Further north, a 61,000dwt vessel, open South Korea, was fixed for a North Pacific round, redelivery Southeast Asia, at $8,000.
Handysize
Activity started slowing down with year-end holidays fast approaching. Overall the indices slipped in both the Atlantic and Pacific, with the Baltic Handysize Index (BHSI) going back to the 500 point level. Early in the week a 32,000dwt ship open in Singapore was fixed for a trip to South China at high $6,000s. A 39,000dwt vessel open in Southeast Asia was booked for a trip to West Coast North America at $5,000 for the first 55 days and $10,500 for the balance period. From the Atlantic, a 32,000-tonner was fixed from the Black Sea for a grain trip to Huelva at $8,250. A 31,000dwt vessel open spot in East Mediterranean was fixed for a steel trip to East Coast South America at $8,000. A similar sized vessel was fixed from the Continent to Portugal at $11,000.
Source: The Baltic Briefing
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Tuesday, 21 January 20
ASIA'S APPETITE FOR COAL GROWS, WITH CHINA THE KEY DECIDER - NIKKEI
Although renewable power generation is expected to rise significantly in Asia, India’s vast electricity needs will still underpin global dema ...
Tuesday, 21 January 20
THERMAL COAL PRICES SET FOR RECOVERY THIS YEAR AS OVERSUPPLY TIGHTENS - REUTERS
Thermal coal prices are expected to recover this year after losing around a third of their value last year as demand from some south-east Asian cou ...
Monday, 20 January 20
INDIA TO STOP SUBSTITUTABLE COAL IMPORT; CAN GO FOR AUCTION OF 100 FULLY EXPLORED NEW BLOCKS: JOSHI - PTI
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act ...
Monday, 20 January 20
CHINA DECEMBER COAL OUTPUT UP 2.4 PERCENT ON YEAR - STATS BUREAU: REUTERS
China produced 331.74 million tonnes of coal in December, up 2.4 percent on the year, the National Bureau of Statistics said on Friday.
...
Monday, 20 January 20
CHINA IMPORTED 124.4 MLN TONNES OF COAL FROM INDONESIA IN 2019, UP 15.1 PERCENT YOY - BANCHERO COSTA
China's coal imports raced ahead in 2019, surprising many who had expected that in the months of 2019 to come the government would clamp down s ...
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- Aditya Birla Group - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Australian Coal Association
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- PTC India Limited - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
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