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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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Wednesday, 17 August 22
CHINA'S COAL-RICH SHANXI MAKES STRIDES IN HIGH-QUALITY DEVELOPMENT - XINHUA
Shanxi, a major coal-producing province in north China, has made continuous advances in high-quality development over the past decade, according to ...
Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
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- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- The University of Queensland
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- White Energy Company Limited
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
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