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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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Monday, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
As the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more ...
Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...
Monday, 18 May 20
CHINA'S COAL OUTPUT UP 1.3 PCT IN JANUARY-APRIL: XINHUA
Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed.
&nbs ...
Friday, 15 May 20
CHINA'S COAL CONSUMPTION TO FALL Y/Y IN SECOND QUARTER, IMPROVEMENT EXPECTED IN SECOND HALF - INDUSTRY BODY: REUTERS
China’s coal consumption is expected to decline in the second quarter from a year earlier, but will see an improvement in the second half of ...
Thursday, 14 May 20
OPEC REVISES DOWN GLOBAL OIL DEMAND FORECAST AGAIN
Crude Oil Price Movements
Crude oil prices recorded a second sharp monthly drop in April, amid an increasing oil surplus in the spot market. Th ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
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