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