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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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Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
Saturday, 18 February 23
2023 MARINE FUEL MARKET PREDICTIONS - JOHN BERGMAN, AURAMARINE
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fas ...
Saturday, 28 January 23
COAL GROWTH BLIP NOT TO BE REPEATED - BALTIC EXCHANGE
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to pus ...
Thursday, 26 January 23
CHINA'S COAL OUTPUT INCREASES IN DECEMBER 2022 - XINHUA
China’s raw coal output posted stable expansion in December 2022, official data showed.
The country produced 400 million tonne ...
Thursday, 26 January 23
COKING COAL NARROWS THE GAP ON THERMAL AS CHINA REOPENS - REUTERS
The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from Austra ...
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- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
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