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Monday, 27 April 20
A 58,000DWT VESSEL WAS FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY WC INDIA, AT $4,500 - BALTIC BRIEFING
Capesize
The tide turned this week for the Capesize market, as voyage rates registered dramatically falling fuel costs. This was led primarily by weakness in the energy market, as the global supply of oil continues to mount. US suppliers are finding storage levels are brimming, while being reluctant to turn off the taps. The Capesize 5TC peaked early in the week at $10,081, before gains were gradually eroded down to $8,381 by Friday. Fixture activity was relatively strong throughout the week, with a flurry of cargoes fixing out of Brazil to China across a wide range of dates. West Africa and Eastern Canada to China were also notable on fronthaul activity. The Brazil to China C3, while active, shed over $1.60 to settle down at $10.505. The Pacific had a reasonable flow of trade before petering out on Friday. The West Australia to China C5 settled Friday at $4.073, down -$0.84. Along with the oil, Brazilian iron ore forecasts for the 2020 year were revised down by Vale this week. Cashflow troubles were heard out of a Steel maker in India, as Covid-19 continues to wreak havoc on the world markets.
Panamax
The Panamax market had a real directional shift this week, with the Baltic Panamax Index (BPI) veering negative for the first time in over two weeks. East Coast South America grain activity, so often the market driver, has come under pressure this week, with a vast amount of ballasters from Asia compounding the issue. With varying rates being fixed, the mean rate averaging out was at around $8,750 for 82,000dwt, basis delivery Singapore. Elsewhere in the Atlantic, trans-Atlantic demand has failed to deliver again despite some increased activity from North Coast South America. In Asia further falls were witnessed, and despite cargo volume remaining steady week on week, the tonnage count began to build. This counter balanced charterer’s standpoint, and consequently lower bids, with $6,500 being agreed on an 80,000dwt ship for a North Pacific round. Some period deals were agreed. An 82,000dwt ship agreeing to $6,100 for the first 55 days, $9,835 thereafter, for seven to nine months. An 81,000dwt vessel achieved $10,000 for 12 months earlier in the week.
Supramax/Ultramax
As the week ended, there was a change in direction from some areas, with vessels in Southeast Asia seeing rates from where they are open rather than absorbing ballast time. Other areas remain finely balanced, but some brokers saw more enquiry from East Coast South America. However, this has yet to be seen on rate values. There was limited activity on the period front. A 58,000dwt vessel open Nantong fixing in the mid $3,000s for the first 30 days, with $7,750 for balance of period up to five months. From the Atlantic, a 63,000dwt ship was fixed for a trip delivery US Gulf, redelivery China, at $13,000. From East Coast South America a 58,000dwt ship fixed a trip to Algeria in the low-mid $6,000s. From Asia, a 58,000dwt vessel was fixed delivery Singapore trip via Indonesia, redelivery West Coast India, at $4,500. From the Indian Ocean, a 53,000dwt vessel fixed for a trip East Coast India, redelivery China, at $5,000 for the first 35 days then balance $7,500.
Handysize
The same trend continued from last week, with limited activity reported from either Basin. There was a minimal gap reported among the four Atlantic and three Pacific routes. From Upriver region, Handysize vessels were competing with bigger sizes as the draft further dropped. East Coast South America coastal trips were reported at the level of $3,000 to $4,000. Inter-Mediterranean trips were at rates in the mid $4,000s. For a mid-large sized delivery in the Black Sea, a trip to the US Gulf paid in the range of $4,000 to $5,000 and slightly higher level for redelivery in the Continent. Otherwise little was reported from the Pacific.
Source: The Baltic Briefing
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Saturday, 25 April 20
KOREA SOUTH-EAST POWER CO. INVITED BIDS FOR 780K - 900K MT OF 5600 NCV COAL FOR JULY TO OCTOBER 2020 LOADING
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 780,000~900,000 Metric Tons (MT) s ...
Saturday, 25 April 20
SEAFARER MENTAL WELLBEING DURING THE COVID-19 PANDEMIC - STANDARD CLUB
KNOWLEDGE TO ELEVATE
COVID-19 has forced many parts of the world to enforce a lockdown in a bid to flatten the curve in terms of transmissions ...
Friday, 24 April 20
KOMIPO INVITED BIDS FOR 5700 NAR COAL FOR JUNE & JULY LOADING
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) Has Issued An International Tender For 260,000 Metric Tons (MT) Steam Coal ...
Friday, 24 April 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 24 April 20
COAL INDIA TO PRODUCE 710 MT COAL - MINISTER OF COAL AND MINES
Coal India Limited (CIL) will produce 710 million tonnes (MT) of coal and company’s coal off take target will also remain at710 MT for this f ...
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- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
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