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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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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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- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
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