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Sunday, 07 June 20
A SCRUBBER FITTED 61,000 ULTRAMAX WAS FIXED DELIVERY PHILIPPINES TRIP VIA SOUTH AFRICA REDELIVERY VIETNAM AT $9,500 - BALTIC BRIEFING
 Capesize
The small flicker of hope at the beginning of this week has kindled a small fire under the Capesize market. At a paltry $3369 from the beginning of the week, the Capesize 5TC has lifted to $7307 with momentum continuing to build. Led by strong iron ore demand, the fronthaul long ton mile business has heeded the call. The transatlantic business, in contrast, continues to severely lag other regions, giving a strong indication of the continuing weak industrial output owing to Covid-19. The transatlantic C8 closed the week up +875 to $4075 with some suggesting that level to be quite generous considering the serious lack of business. The Pacific basin – and in particular iron ore from Western Australia to China – had strong activity for the second half of this week catching some by surprise. The C5 West Australia to Qingdao opened the week at $4.123 to close at $5.473. Fuel price increase had its part to play this week, lifting voyage prices. But once momentum had built, rates quickly outpaced.
Panamax
A better week all round, with the timecharter average climbing $345 on the week to Thursday. This was driven predominantly by both the US Gulf, and EC South American fronthaul markets, with P2A gaining $759 on the week to Thursday, whilst the underlying voyage routes both posted gains of $1.06, and $0.76 respectively. In the latter stages of the week, Kamsarmaxes were earning in the region of $12,750 plus $275,000 ballast bonus for an EC South America fronthaul. The Caravos Triumph (81,664 2012) reported fixed to Bunge basis mid-June dates, being a fair representation. Meanwhile, from the US Gulf, the Twinkle Island (82,265 2012) was reportedly fixed to Norden basis delivery Immingham prompt dates, in the region of $12,500. The period market also witnessed a little activity in the Pacific, with both the KM Shanghai (80,529 2014), and KM Keelung (82,072 2010) reportedly having taken cover for 6-9 months at $9,750 – consistent with the FFA market.
Supramax/Ultramax
BSI started in negative mode – but as it ended this trend reversed. Period activity, however, remained limited as both sides watched developments. The Atlantic saw increased activity from key areas such as east coast south America and the US Gulf. A 63,000-dwt was fixed delivery Recalada trip to west coast south America at $13,000. From the Mediterranean, a 62,000-dwt was fixed delivery Izmir trip to west Africa in the low $7,000s. With demand for tonnage strong from the Indian Ocean, rates pushed further. A scrubber fitted 61,000 was fixed delivery Philippines trip via South Africa redelivery Vietnam at $9,500. Further east demand remained a 56,000-dwt fixing delivery Kosichang for a trip via Malaysia, redelivery south China, in the mid $8,000s and a 57.000-dwt open Dalian fixed a trip via Philippines redelivery China with nickel ore in the low $7,000s. All eyes are focused on the upcoming week to see if these trends are sustained.
Handysize
Despite being low compared with the same period last year, the BHSI has been consistently improving since mid May. The US Gulf route HS4 proved the exception, finally showing the first sign of improvement since end March. But the market still saw limited cargo from the Gulf, with a long tonnage list. There was talk of better rates from the Continent, but the same trait was not noticed for vessels open in the Mediterranean. In the East, the market further strengthened with a shortage of vessel supply in south east Asia. Stems from Australia and steels from east coast India lent support and pushed rates higher. A 39,000-dwt was fixed basis Rouen delivery for a trip to east Mediterranean at $4,750. Mid-sized Handysizes were fixed in the $4,000s from north China for a CIS round voyage or similar level from south China for a northbound trip.
Source: The Baltic Briefing
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Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
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- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
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