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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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Tuesday, 23 June 20
COVID-19 COULD CAUSE A BOOM IN COAL POWER - RYSTAD ENERGY | OILPRICE
COVID-19 has not only impacted the energy industry’s revenues but also its infrastructure development.
The delay of new natural gas ...
Tuesday, 23 June 20
CHINA'S COAL OUTPUT UP 0.9 PCT IN JANUARY-MAY: XINHUA
Output of raw coal in China rose 0.9 percent year on year to 1.47 billion tonnes in the first five months of this year, official data showed.
& ...
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 sect ...
Saturday, 20 June 20
WORLD OIL DEMAND IS PROJECTED TO DECREASE BY 9.1 MB/D IN 2020 - OPEC
Crude Oil Price Movements
Spot crude oil prices rebounded in May from low levels registered a month earlier, as physical market fundamentals im ...
Saturday, 20 June 20
NO ESCAPING GLOBAL TRADE SLUMP - BALTIC EXCHANGE
Those hoping for a decent recovery in trade in the second half of the year should prepare for disappointment.
New data from the Unit ...
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- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
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