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Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
.jpg) Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chinese New Year it became quickly evident positions had been managed the week before leaving only minimal loose ends to be tied up. Activity levels were never going to be anywhere near enough to counter an over-tonnaged Asia region. The Atlantic fared the worst of the two basins, dropping from $14,440 to $8,475 as what few vessels available were more than enough for the minimal cargoes available. With options dwindling, Brazil to China cargoes were seen to be fixed at bargain basement prices, as ballaster vessels looked to avoid being stranded in no-mans’ land. C3 opened the week at $17.85 to close at $15.917. Most major charterers on the West Australia to China C5 were absent this week, except for Rio Tinto, who manged to lower the last done seemingly at will. The C5 opened the week at $6.832 to close out at $6.155.
Panamax
Rates continued to slide all week with hopes of the market finding a bottom, but some very low trades were still witnessed. The Pacific began the week relatively active, but as Asian holidays approached, the market slowed significantly towards the weekend. Aside from East Coast South American trade, the Atlantic was bereft of any real vanilla transatlantic trips. Consequently, there was a distinct lack of demand and rates weakened further. On East Coast South America to Far East trades, $13,750 plus $375,000 ballast bonus was agreed a few times on nicely described 82,000dwt tonnage. An 81,000dwt vessel was fixed at $17,500 for a trip via the Baltic sea to China. On the Indonesian coal round trips this week the median rate appeared at around $4,500 plus $45,000 ballast bonus. This was on 82,000dwt tonnage, basis delivery arrival pilot station (APS) Indonesia. For longer duration trips via the North Pacific, a healthy looking $7,500 was achieved a couple of times on 82,000dwt tonnage.
Supramax/Ultramax
Despite a good level of cargo enquiry, the shear amount of prompt tonnage kept rates in check throughout the week. Chinese New Year celebrations also kept activity levels low from the Asian Basin. Limited period enquiry, but a 58,000dwt ship open East Coast United States, fixing 11-13 months trading at $11,000 was seen. A 61,000dwt ship open China achieving in the low $11,000s for similar period was also seen. In the Atlantic, a 63,000dwt vessel covered a transatlantic run from the US Gulf in the upper $14,000s. Whilst from the South Atlantic, a 56,000wt ship fixed a trip to Southeast Asia at close to $12,250 plus low $200,000s ballast bonus. The Asian Basin saw a 56,000dwt ship fixing delivery Samarinda trip to West Coast India at $4,750. From the Indian Ocean, a 63,000dwt ship covered delivery South Africa trip to Singapore-Japan range at $11,900 plus $190,000 ballast bonus. Brokers were waiting to see the direction after the widespread holidays.
Handysize
There was generally more Handysize tonnage appearing in both basins throughout the week. Together with other routes, East Coast South America also started to show weakening signs, with the Baltic Handysize Index (BHSI) remaining in negative territory. Rates from Skaw-Passero range moved sharply lower, with a small gap between East Coast South America and US Gulf redelivery. A 34,000dwt ship delivery in Turkey was fixed at $4,000 for a trip to North Coast South America/Caribbean redelivery. Another similar-sized ship was fixed from Mukran for a trip to West Africa at $8,000. Activity was limited in the Pacific, with Chinese New Year approaching. In the Indian Ocean, a 36,000dwt was fixed basis delivery Kandla 22/25 January for a trip to West Coast India at $5,250.
Source: The Baltic Briefing
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Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
Saturday, 01 February 20
COAL IS NOT GOING ANYWHERE - MINING REVIEW
The coal sector is living under the constant threat of being blamed by environmentalists as being responsible for a world disaster called global wa ...
Saturday, 01 February 20
CIL PRODUCTION TO NOT EXCEED 640 MILLION TON IN FY20: OFFICIAL - PTI
Hit by disruptions due to a prolonged monsoon, mining major Coal India Ltd’s production in the current fiscal will not exceed 640 million ton ...
Saturday, 01 February 20
WHO PAYS FOR IMO 2020? - FREIGHT WAVES
The United Nations’ International Maritime Organization (IMO) implemented its low-sulfur fuel mandate on January 1, 2020. Full enforcement be ...
Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as ...
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- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- The University of Queensland
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Australian Coal Association
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- PTC India Limited - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
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