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Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
 Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last Friday and is now pricing at $4140 on the back of owners baulking at recent unreasonable lows. Atlantic routes, mainly fronthaul (C9) and Brazil to China (C3), have shown surprising resilience lifting in spite of dreadful fundamentals. A small boost of cargo has helped to keep the fronthaul route ticking over settling the week up +495 to $14730. The transatlantic trade has not shown any significant improvement with talk of force majeure now being banded around out of Colombia. Bunkers rates were seen to strengthen significantly this week assisting the bounce, as most routes had little fat left to absorb an increase in costs. The C5, being very sensitive to bunker levels, increased from $3.941 on Friday to a high of $4.782 before being down today to $4.541.
Panamax
The Atlantic Panamax market this week yielded little joy for owners, despite improved fixing activity during the second half of the week. Pure tonnage count far outweighed demand in the North resulting in easier rates, meanwhile out of South America the market here was slow to get started this week with wide bid/offer spreads. This appeared to level off by mid-week, with better sentiment for second half June arrival dates. Typically, for an 82,000dwt, the mean rate pitched at $11,500+$150,000 ballast bonus. By contrast, in Asia, the market here fared better and started strongly with healthy demand seen particularly from Indonesia and the NoPac. Mineral from Australia joining the party as the week drew to a close, NoPac and Australian rounds regularly featured around the $7,000 mark and with support emanating from ECSA there was an improved – albeit small – amount of optimism in the pacific basin.
Supramax/Ultramax
Overall a positive week for BSI despite widespread holidays. Period activity came back into the arena with a 63,000-dwt open Philippines fixing at $8,500 for 6-9 months trading. The Atlantic started the week on a sideways trend. But as the week progressed many said a more positive feel was appearing in many areas except from the US Gulf, which lacked fresh enquiry. From the Mediterranean, a 56,000 was fixed delivery Turkey for a grain’s run to China at $12,000. The Indian Ocean remained firm with strong demand for vessels an Ultramax fixing delivery east coast India for a trip to China at $9,000 plus $150,000 bonus – and a 56,000 covering a trip delivery Singapore via east coast India redelivery China in the low $9,000s. Further east a 63,000 fixed delivery Vietnam trip via Indonesia redelivery Kosichang at $8,500. Whilst a 56,000-dwt fixed delivery Singapore trip via Indonesia to China in the mid-low $7,000s.
Handysize
The BHSI continued to improve in the positive territory this week. Limited activity reported from the US Gulf, Continent and Mediterranean – but east coast South America showed firming signs throughout the week with tick more cargoes out in the region. There was also talk that all foreign-flagged dry bulk vessels arriving at Recalada pilot station area will have to comply with a 14 day quarantine period. It was not clear how the new restriction would be implemented, but ballasters were certainly discussing higher numbers with the charterers. A 28,000-dwt was fixed from Recalada for a trip to east Mediterranean at $6,000 and a 35,000-dwt open Alexandria 28 May was fixed for a trip to the US Gulf at $4,000 for the first 40 days and $6,000 thereafter. In the east, positive sentiment lended support with the Pacific routes indices further climbing. A 32,000-dwt was fixed from north Vietnam for a clinker trip to China at $4,000.
Source: The Baltic Briefing
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Monday, 29 June 20
CHINA COAL IMPORT OUTLOOK: MANY MOVING PARTS, FORECAST TO FALL 10% YOY - GHEE PEH | IEEFA
China’s coal demand declined in the first quarter of 2020. According to the China National Coal Association, the country consumed 870mt in th ...
Monday, 29 June 20
ULTRAMAX: A 58,000 FIXING DELIVERY SINGAPORE TRIP, VIA EAST COAST INDIA, REDELIVERY CHINA IN THE LOW $12,000S - BALTIC BRIEFING
Capesize
As the halfway mark of 2020 arrives, the capesize market is making new highs for the year. From persistent lows earlier caused by a ba ...
Saturday, 27 June 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 26 June 20
WHAT TODAY'S BAILOUTS CAN DO FOR TOMORROW'S ECONOMIES - WORLD ECONOMIC FORUM
The COVID-19 crisis provides an opportunity for governments to build fairer, more sustainable and more resilient economies.
Governments a ...
Thursday, 25 June 20
ALL YOU WANT TO KNOW ABOUT COAL MINE AUCTIONS - THE HINDU BUSINESS LINE
Last week, Prime Minister Narendra Modi threw open the auction of 41 coal blocks for commercial mining. The decision, which was part of the announc ...
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- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Economic Council, Georgia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- VISA Power Limited - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- The University of Queensland
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- PTC India Limited - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
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