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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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Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
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Showing 106 to 110 news of total 6871 |
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- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
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