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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, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
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Showing 1096 to 1100 news of total 6871 |
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- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Parliament of New Zealand
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- The Treasury - Australian Government
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
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