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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 barrage of negative factors, the capesize 5TC market has outperformed in spectacular fashion to now reside at $29,641 said Baltic Briefing in its ;attest weekly report.
According to Baltic Briefing, breaking for a pause early on in the week, the market renewed conviction mid-week to push higher on the back of the tight tonnage supply in the Atlantic. This is often the case after periods of prolonged weak fundamentals. Vessels are now being seen changing hands in healthy trading, while iron ore pricing continues to support cargoes coming to market. The Brazil to China C3 is now trading often north of $20 as Vale has been active throughout the week amongst other traders. News of a lessening of the east Australian quarantine measures is a heartening sign that some regions have been able to tackle their Covid-19 issues. The west Australia to China C5 lifted early in the week, before flattening off to now price at $9.723.
Panamax
Commenting on Panamax, Baltic Briefing noted that, the activity appeared a lot more passive this week, which was largely attributed to charterers taking stock of their books. This, coupled with owners’ reluctance to reduce their offers, resulted in an inevitable standoff during the first half of the week. However, in the north Atlantic, solid demand for both trans-Atlantic and front haul trips saw rates continue to rise with $13,000 agreed for an 82,000dwt delivery this side for an Atlantic round trip.
In Asia, Baltic Briefing says, trading was somewhat curtailed by Chinese holidays. But with a fresh batch of cargo flow, ex Indonesia parallel to a steady flow ex Australia and NoPac, rates for Pacific rounds averaged out in the upper $9,000’s. Meanwhile, a very nice spec kamsarmax achieved low $11,000’s delivery Japan for a NoPac round trip. Period activity was negligible this week with significant falls on the FFA market.
Supramax/Ultramax
A mixed week for the BSI, whilst overall the index remained in positive territory. With Asian holidays taking place, the routes within this area lost ground.
According to Baltic Briefing, period activity remained buoyant with a 63,000 open US east coast fixing three to five months trading redelivery Atlantic at $12,000 – and a 57,000 open Indian Ocean fixing five to seven months trading at $12,500. From the Atlantic, sentiment remained strong with tight tonnage supply in many areas. A 63,000 being fixed delivery Mediterranean for a trip via the Baltic redelivery east coast India at around $13,500. From the US Gulf, ultramaxes were seeing in the $17,000’s for trips to the east.
The Indian Ocean according to Baltic Briefing, remained firm with a 58,000 fixing delivery Singapore trip, via east coast India, redelivery China in the low $12,000s. Asia remained a little more subdued, with a 55,000 fixing two to three laden legs delivery CJK in the mid $8,000s. Market direction next week will prove interesting.
Handysize
Brokers remained cautiously optimistic looking forward into next week, with another positive week for BHSI routes. The market pushed further in the US Gulf, whilst charterers continued paying up. There was a fair amount of volume moving in east coast South America but slightly slowed down towards the weekend. Both HS3 route from east coast South America and HS4 route from the US Gulf have been climbing consecutively over a month, with an overall gain over $2,000 respectively.
A 37,000-dwt Baltic Briefing said, was fixed from Rio Grande for a trip to the Continent at mid $9,000s. A 37,000-dwt open Ilheus was fixed for a grain trip to the Black Sea at $9,500, whilst a 37,000-dwt delivery in the Baltic was fixed for a trip with coal to north Spain at $7,500. In the East, the positive trend also resumed with a 28,000-dwt open CJK fixing for a trip via South Korea to Singapore at $7,500.
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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 ...
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 ...
Wednesday, 24 June 20
MARKET INSIGHT - INTERMODAL
The World Bank estimates that the global economy will fall by 5.2% this year, underlining that the Covid-19 pandemic has had rapid and massive cons ...
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- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
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