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Monday, 13 April 20
SUPRAMAX: A 56,000DWT SHIP WAS FIXED DELIVERY PARADIP, REDELIVERY CHINA, AT $4,700 - BALTIC BRIEFING
 Capesize
The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordinary before surging on Tuesday prior to the index publishing. Improved South African loading options and activity out of Brazil were cited as the cause. Countering that, Vale announced that same evening it forecast cuts to iron ore output due to Coronavirus lockdowns. The market remains a touch above OPEX levels, with the Cape 5TC closing the week at $5,949. Cargo supply remains weak, while Covid-19 fallout looks set to increase over the coming weeks. The West Australia to China C5 route was at the centre of Tuesday’s lift. It opened the week at $4.223, lifted to $5.395, to close out Friday at $4.923. A wide spread of earnings has now opened between the Pacific Basin C10 at $7,954 and the Atlantic Basin C8 at $4,620. The Baltic Capesize Index (BCI) lifted this week out of negatives, from -91 to 319, illustrating the improved situation.
Panamax
The Panamax market roused in the early part of the week, supported in tandem with FFA gains witnessed. The Pacific has been largely driven by strong demand out of the North Pacific. That has favoured Kamsarmax vessels, which have been fixing at rates ranging from $7,000’s to $8,000s, depending on delivery. South America continued to be the driving force in the Atlantic. However, there were a few signs this was starting to be eroded somewhat by the plausible Ultramax arbitrage opportunities. Nonetheless, decent types were still able to achieve midweek rates in the mid- $9,000’s, some up to $10,000 with Southeast Asia deliveries. Tonnage supply appeared to be building in the North Atlantic, as transatlantic demand slowed. There was very little period talk, but a modern Post Panamax fixed for thirteen to fifteen months, delivery China, for a discounted rate of $4,000 for first 60 days and $8,500 thereafter for balance of period.
Supramax/Ultramax
The influence of the Covid-19 effect was dramatic over the last week, with the Baltic Supramax Index (BSI) losing over 100 points. Period activity remained quiet, but a 62,000dwt vessel, open Taiwan, was rumoured fixed for four to six months in the mid $9,000s. Brokers said the Atlantic lacked impetus, certainly from the US Gulf, with tonnage availability growing. However, in contrast, the South Atlantic saw increased activity. A 63,300dwt vessel fixing delivery Recalada trip, redelivery Morocco, at $10,000. For fronthaul business, Ultramax vessel sizes were getting in excess of mid $11,000’s, plus over $150,000 ballast bonus, redelivery Singapore-Japan. The Asian arena similarly suffered, with little fresh cargo and prompt tonnage availability across the region building. A 52,000dwt ship fixing delivery Singapore trip, via Indonesia, redelivery Taiwan, at $3,100. Further north, an Ultramax was fixed delivery Busan via the North Pacific, redelivery Bangladesh, at around $7,000. Little was seen from the Indian Ocean, but a 56,000dwt ship was fixed delivery Paradip, redelivery China, at $4,700.
Handysize
The slow movement and weakening sentiment from last week further continued, especially in the Atlantic. Pressure on rates remained on more spot tonnage being built up, whilst the overall activity was still minimal in East Coast South America and the US Gulf. However, towards the end of the week, some brokers saw slightly more cargoes in the market for second-half April dates. A 34,000dwt ship was fixed for moving grains from Rouen to the West Mediterranean at $7,100. A 29,000dwt ship, open in Constanza, was fixed for a trip via the Black Sea to Morocco at $6,800. In the East, a 44,000dwt ship, open Singapore, was fixed for a trip via Indonesia to China at $2,500, and a 32,000dwt ship, delivery in Fujairah, was fixed for a trip to Taiwan at $4,500.
Source: Baltic Briefing
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Wednesday, 21 June 23
CHINA'S MAY COAL IMPORTS FROM AUSTRALIA RECOVER TO PRE-BAN LEVELS - REUTERS
Australian coal sales to China increased in May, as trade resumed between them even as overall coal demand weakened against an uncertain macroecono ...
Monday, 19 June 23
DROUGHT-DEPLETED HYDROPOWER DRIVES CHINA TO TURN TO COAL - REUTERS
China has leant hard on coal-fired power plants as well as wind and solar generators to make up for a shortfall in hydroelectric generation as a re ...
Monday, 19 June 23
CHINA COAL OUTPUT UP 4.2 PCT IN MAY - XINHUA
China’s raw coal output posted steady growth in May, official data showed.
The country produced 390 million tonnes of raw coal ...
Wednesday, 24 May 23
AMMONIA-FUELLED BULK CARRIERS WITHIN FIVE YEARS - BALTIC EXCHANGE
Within five years, ships powered by clean ammonia could be a feature on the iron ore trade routes between West Australia and East Asia.
A study ...
Tuesday, 23 May 23
CHINA'S APRIL COAL OUTPUT LEAPS 11% ON YEAR, BUT DEMAND DOWNTURN LOOMS - REUTERS
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensu ...
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- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
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