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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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Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...
Friday, 09 September 22
GREECE WILL KEEP COAL-FIRED PLANTS RUNNING FOR LONGER AMID GAS CRISIS - REUTERS
Greece will keep seven coal-fired plants running for longer than previously planned as European countries adjust to a cut in gas flows coming from ...
Friday, 09 September 22
CHINA'S DROUGHT INTENSIFIES GLOBAL COAL SHORTAGE - REUTERS
China’s drought has sent coal prices surging as traders anticipate the lack of hydroelectric generation will force it to burn more coal to me ...
Thursday, 08 September 22
MOODY.S AFFIRMS ABM INVESTAMA'S B1 RATINGS FOLLOWING PLANNED MINORITY INVESTMENT IN COAL MINER; OUTLOOK STABLE
Moody's Investors Service has affirmed ABM Investama Tbk (P.T.)'s B1 corporate family rating (CFR), along with the B1 rating on its senior ...
Thursday, 08 September 22
MARKET INSIGHT - INTERMODAL
While the energy markets are historically stretched, Russian flows of crude oil are closely monitored as the oil trade is ultimately realigned. Mor ...
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- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
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