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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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Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and ...
Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
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- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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