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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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Thursday, 23 January 20
COAL-BASED ELECTRICITY GENERATION SURGES 95% IN 2019 - PROFIT PAKISTAN TODAY
Coal-based power generation jumped 94.5 percent to 2,030 Gigawatt hours (GWh) in the year to November 2019, taking its share in the country’s ...
Wednesday, 22 January 20
INDIA: COAL PRODUCTION FROM CAPTIVE MINES RAISES 24% OUTPUT IN APRIL TO DECEMBER - FINANCIAL EXPRESS
Coal production from captive mines in the first nine months of the ongoing financial year was up 24% year-on-year (y-o-y) at 40.93 million tonne (M ...
Wednesday, 22 January 20
SHIPPING MARKET INSIGHT - INTERMODAL
It seems that we are finally seeing whitish smoke as far as the trade feud between the US and China is concerned, while following this much anticip ...
Tuesday, 21 January 20
IRON ORE - 5 THINGS TO WATCH IN 2020 - WOOD MACKENZIE
Wood Mackenzie identifies five trends that will impact the iron ore industry.
Slower demand growth (especially in China) and a decen ...
Tuesday, 21 January 20
ASIA'S APPETITE FOR COAL GROWS, WITH CHINA THE KEY DECIDER - NIKKEI
Although renewable power generation is expected to rise significantly in Asia, India’s vast electricity needs will still underpin global dema ...
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- Minerals Council of Australia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
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