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Tuesday, 31 March 20
FREIGHT MARKET: DRY BULKERS - SPOT MARKET 23-29 MARCH 2020
Capesize
The rebound in freight rates resumed this past week, with rates man-aging to post further gains by week’s end. The BCI is in negative figures, but reached the -97bp, its highest point since February. Support came from the Far East, where some fresh interest emerged from local players. However, the announcement of the closure of S. African mine closures is expected to affect the market and lead to another drop in the upcoming days.
Panamax
Another week of declines in freight rates, with the BPI losing approximately 10% on a weekly basis and closing at 729bp. The uptick noted in demand for grains from USG was not enough to support the market, as activity in the rest of the Atlantic, as well as Pacific remained subdued. With the economic environment under pressure, we do not expect any significant improvement now.
Supramax
Freight rates remained under pressure last week here as well, with the BSI falling again below the 700bp landmark to close in at 641bp, losing 13% in one week. The further slow-down witnessed in demand in SE Asia played a key role in last week’s slide in freight earnings. Things in the Atlantic were not better last week, pushing rates even further.
Handysize
The market rebound was halted last week, as the market returned back to negative territory. The BHSI fell by around 5% on a w-o-w basis, reaching the 401bp. With activity slowing down in the Atlantic, at the same time that more units were arriving, the decline in rates was inevitable. A lack in fresh enquiries in the Pacific played its part as well in influencing last week’s slide in rates.
Source: Allied Shipping, Greece
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Tuesday, 05 May 20
SUPRAMAXES: YTD SLIDE HAS BEEN 45%, WITH THE AVERAGE FOR 2020 TCA HOLDING AT US$5,793 - ALLIED
It has been almost three months since the WHO officially categorized the current coronavirus outbreak as a global pandemic, an outbreak that has br ...
Monday, 04 May 20
U.S. ESTIMATED COAL PRODUCTION FALL 39.4% YEAR ON YEAR IN THE WEEK ENDED APRIL 25 - EIA
Estimated U.S. coal production totaled about 8.6 million short tons (MMst) For the week ended April 25, 2020, says EIA in its latest report.
E ...
Saturday, 02 May 20
SUPRAMAX: ASIA, STRONGER NUMBERS - A 55.000-DWT WAS FIXED FROM INDONESIA TO CHINA IN THE MID $6,000S - BALTIC BRIEFING
Capesize
A tepid week for the big ships, as macro concerns continued to weigh heavily on the index. All of the major voyage routes lost value, ...
Friday, 01 May 20
KOSPO INVITED OFFER FOR 5600 NCV COAL FOR Q3 2020 LOADING
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 260,000 Metric Tons (MT) steam coal for Boryeong Power ...
Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY ABOUT 8% IN 2020,THE LARGEST DROP SINCE WORLD WAR II - IEA
We expect global coal demand to fall by about 8% in 2020, the largest drop since World War II, with coal use declining in virtually every sector of ...
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- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Eastern Coal Council - USA
- The University of Queensland
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Australian Coal Association
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
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