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Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
 Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the week gave slim hopes that the market may recover faster than anticipated. The Capesize 5TC lifted +402 to close the week out at $2394. Market troubles have been well brewed this year. With a concoction of interrupted cargo supplies, vessels racing on cheap bunkers, weather events, and demand destruction amid the Covid-19 pandemic, the market is in need of a positive. The iron ore stockpile situation in China has inventories dropping sharply, which will surely require tonnage. Half way through Q2 – and with many economies looking to re-open – there is talk of infrastructure spending to rekindle the flames, which will again require iron ore. While not an immediate relief, prospects are not all bleak. The West Australia to China C5 closed up +.314 to close the week at $3.942. While the Brazil to China C3 was heard to be better bid closing out the week up +.28 settling at $6.975.
Panamax
Rates in the Atlantic came under severe pressure this week. Sizeable losses on the respective routes, with absent mineral demand and long tonnage counts alleviated by ballaster numbers from the East in recent weeks, only compounded a bleak situation. Asia appeared to resist the negative sentiment emanating from other areas. There was a healthy volume of fresh enquiry and volume of fixtures, with the North Pacific seeing a steady flow of enquiry. However, minerals from Australia and Indonesia were the more dominant. End-week rates here were looking softer in most areas. EC south America saw healthy levels of fixing throughout the week but index-type tonnage by Thursday were only capable of achieving sub $11,500 + $150,000 numbers delivery at the port with a ballast bonus. NoPac rounds in the pacific hovered around the $6,000 for 82,000dwt, whilst the median rate for shorter Indonesian round trips lent towards the $5,000 mark.
Supramax/Ultramax
With a few areas in the world slowly getting back to a ‘new normal’, demand on the Ultramax/Supramax size increased. However, this split into two main camps with the Atlantic overall still soft, whilst from Asia and the Indian Ocean activity levels and rates increased. Little was reported on period activity. But a 56,000-dwt open Kandla was failed for five to eight months trading in the high $5,000s for the first 40 days – and $8,000 thereafter. From the Atlantic, east coast South America lacked enquiry with Supramax being fixed in the $4,000s for transatlantic runs. The east Mediterranean / Black Sea saw increased activity with cargo and tonnage being a little more balanced. All Asian routes gained ground during the week, a 55,000 open Iligan fixing at $6,500 via Indonesia redelivery India. The Indian Ocean had pent up demand, with a 63,000 fixing delivery South Africa for a trip to the Far East at $11,000 plus $150,000 ballast bonus.
Handysize
Midweek, the BHSI reached its lowest point of the year, with the same level last seen in early March 2016. The downward momentum in the Atlantic remained in all key areas. However, positive sentiment gained pace in the Pacific, with better rates discussed and more activity appearing in general. A mid/large Handy vessel was fixed from the north coast South America for a trip to the Far East at a rate close to mid $7,000s. A 37,000-dwt was fixed from Norfolk for a trip to the Continent/Baltic and a 33,000-dwt was fixed from Southwest Pass for a trip to east Mediterranean both at $2,500. In the East, more logs cargoes from New Zealand lent support and put vessels in Southeast Asia in demand. A 33,000-dwt open spot in CJK was fixed at $3,500 for a trip to Southeast Asia.
Source: The Baltic Briefing
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- The University of Queensland
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
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