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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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- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Planning Commission, India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
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