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Monday, 20 July 20
SUPRAMAX: A 63,000 OPEN NORTH CHINA FIXING AN AUSTRALIAN ROUND IN THE LOW $10,000S - BALTIC BRIEFING
Capesize
The capesize market showed some resistance this week to recent losses as all routes saw a small uptick in value to end the week. With no particular improvement in fundamentals – and a relatively quiet fixing week – owners may have shown enough collective resilience to have turned the tide the Baltic briefing reported in its least weekly report. A backwardated forward curve illustrating a capesize 5TC spot level from today of $25,085, down to Q4 at $17-18k, gives an indication of market confidence. This lack of confidence may be offset as the recent rally has been driven in part by positional tightness, which is sure to continue in this unique 2020 year.
According to Baltic Briefing, mnimal tonnage remains in the Atlantic making it prone to spiking. But a lack of West Africa cargo due to the rainy season is helping to relieve any pressure that may build. The Atlantic basin has widened its premium over the Pacific to a difference of +$9532. The West Australia to Qingdao C5 shed more than 80 cents to settle end of week at $8.132. The Brazil to China C3 encountered similar pressure dropping 79 cents to post at $18.295.
Panamax
Commenting on Panamax sector, Baltic Briefing says, a muted week in the panamax market with rates easing in all areas as the week progressed. A vast difference of opinion built up on where the true values sat and consequently the bid/offer spread widened with fixing volumes down on the week. In the Atlantic, with reduced activity out of EC South America and longer duration trans-Atlantic business lacking, the short Baltic and Kamsar round trips appeared popular with some to take cover. Rates for Baltic rounds, according to Baltic Briefing , at the beginning of the week marked at $20,000 pegged back closer to $16/15,000 by end week. Despite less salvation from EC South America and weaker FFA values, there was less of a decline in rates out of Asia. However, easier rates were certainly concluded over the week – including an 82,000dwt delivery China fixing at $12,500 for a NoPac round trip. The rate on Friday was more akin to $11,500 for the same.
Supramax/Ultramax
Positive movement for the BSI again during the week. But as it ended, sentiment wavered from areas such as the US Gulf and east Mediterranean with limited fresh activity. The Baltic Briefing says, period activity was limited, but a 62,000-dwt newbuilding scrubber fitted was fixed for five to eight months trading at $13,000. From the Atlantic, a 62,000-dwt was fixed delivery Recalada for a trans-Atlantic in the mid $17,000s. Further north, a 61,000-dwt was reported fixed from the US Gulf for a petcoke run via India redelivery Durban at $20,000. The Continent was patchy, but a 61,000-dwt fixed a scrap run to the east Mediterranean at around $16,000. From Asia gains were made. A 63,000 open north China fixing an Australian round in the low $10,000s. Elsewhere, a 56,000-dwt fixed from south east Asia via Indonesia redelivery east coast India in the mid $8,000s. The Indian Ocean lacked fresh impetus but a 58,000-dfwt fixed from the Arabian Gulf to Bangladesh at $16,000.
Handysize
There was talk of higher numbers from the Continent and Mediterranean, with more activity reported in the second half of the week. Mediterranean the HS3 route from east coast South America climbed over $12,000 this week and is now at the highest point of the year. The US Gulf market continued the trend from last week and remained firm, but the Pacific showed more signs of slowing down with little gossip emerged. A 37,000-dwt delivery US east coast was fixed for moving petcoke to east coast Mexico at $12,500 and a 38,000-dwt did a similar run at $15,000 basis Southwest Pass delivery. A 37,000-dwt was booked for moving steels via the Black Sea to Egyptian Mediterranean at $7,250 basis Canakkale delivery. A 38,000-dwt open in east Mediterranean was fixed for a trip to india at $17,500.
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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
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