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Monday, 22 June 20
KAMSARMAX TYPES REGULARLY HIT THE $9,000 PER DAY LEVEL FOR INDONESIAN COAL RUN TO CHINA, BALTIC BRIEFING SAYS
 Capesize
The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced. Opening at $12,410, the sector had almost doubled to $25,511 by the end of the week as the Atlantic basin surged into life v reported in its latest weekly update.
Baltic Briefing further noted that, a barrage of negative fundaments in recent times has weighed heavily on Cape demand and pushed imbalances into the fleet positioning. Strengthening iron ore demand in the Far East has been answered by fronthaul loading location sparking a revival of sorts. The Atlantic Basin, bereft of business weeks back, has now reached unexpected heights settling at $23,850 – a lift of +$15,200 on the week. The Pacific Basin was largely swept up in the sentiment this week, as it was forced to compete for vessels being lured away to greener pastures. Voyage route C5 West Australia to China reached a high Thursday at $8.918 to drop slightly to $8.841 to close the week. Ending Friday the Capesize 5TC posted its smallest daily gain for the week of +231 and appeared to have reached an altitude too high to survive.
Panamax
Commenting on Panamax, Baltic Briefing says, a dramatic week in the Panamax world with the Atlantic market sparking into life. Route P1A marked at $4,670 on Monday and virtually doubled in value over the week, whilst P2a gained well over $3,000 on the week too. Tight tonnage count in the north Atlantic for June and improved demand from the US Gulf – as well as steady flow from EC South America – were the main contributors to said push. In Asia, Baltic Briefing further says, a less frenetic pace, but a week in which saw the market gain in values. Solid coal demand from Indonesia being the main demand driver, as well as sourcing of tonnage in the Asian basin for US Gulf and EC South America trade all impacted rates. On the Indonesian coal run to China, several Kamsarmax types regularly hit the $9,000 level for such trade. Confidence in the market for the rest of the year gave testament to an improved number of period fixtures this week, the highlight being an 81,000dwt achieving $12,500 for short period.
Supramax/Ultramax
According to Baltic Briefing, BSI, like the larger sizes, gained during the week closing 45 points up from Monday. Increased demand was seen from a few key areas. A 61,000-dwt open US Gulf, fixing nine to 11 months, at $11,150 with redelivery Atlantic. From Asia a 58,000-dwt open north China, fixed three to five months, in the low $9,000s. From the Atlantic increased enquiry from east coast south America helped rates with Ultramax sizes being covered in the upper $12,000s, plus upper $200,000s ballast bonus for fronthaul business. From the Continent there was also stronger demand. A 57,000-dwt fixing a trip to the east Mediterranean with scrap in the upper $7,000s. Like the previous week, the Indian Ocean remained firm and drew vessels from south east Asia. A 56,000 fixing delivery Gresik trip via South Africa redelivery in the far east at $10,000. Nickel ore demand remained a 61,000-dwt fixing delivery Tianjin via Philippines redelivery south China at $8,500 option north China at $9,000.
Handysize
Rates remained strong in both basins and further improved throughout the week. The Continent and Mediterranean market saw better numbers compared with last week, whilst east coast South America and the US Gulf continued firming up. Particularly in the East, the Pacific routes recorded the highest values since 2020 began with the rates gaining over $3,000 respectively on each route over the last 40 days. Mid-sized Handysize were fixed from east coast South America in the range of $7,000 to $8,000 for a transatlantic run. Handy vessels were reported fixed from Canakkale for a trip via east Mediterranean / Black Sea to redeliver in the US Gulf in the mid/low $5,000s. A 35,000-dwt delivery in the Philippines was fixed for a trip to China in the mid/high $8,000s and a 34,000-dwt open Indonesia was fixed for a steel trip via Indonesia to Hong Kong in the low $8,000s.
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- The University of Queensland
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
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