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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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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- White Energy Company Limited
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
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