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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, 27 March 20
CHINA'S BULKS: THE SENTIMENT GAP BETWEEN STEEL AND COAL WIDENS - WOOD MACKENZIE
China seems to be containing its local coronavirus situation, with imported cases now posing the greater threat. While quarantine measures remain t ...
Friday, 27 March 20
S.KOREA Q1 THERMAL COAL IMPORTS SET FOR 10-YR LOW ON ANTI-POLLUTION MEASURES - REUTERS
South Korea’s first-quarter thermal coal imports are set to fall to a decade-low due to stricter air pollution measures, while the coronaviru ...
Friday, 27 March 20
PORT OF NEWCASTLE OPERATIONS CONTINUE WITH COVID-19 RESPONSE MEASURES IN PLACE
Port of Newcastle, like many organisations, is taking a precautionary approach to help manage COVID-19 risks in the community. Our focus is on ensu ...
Thursday, 26 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Wednesday, 25 March 20
CORONAVIRUS CRISIS IS CRUSHING GLOBAL GDP GROWTH - FITCH RATINGS
The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly “Global Economic Outlook” (GEO) ...
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- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- The University of Queensland
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
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