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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, 10 August 22
THE FUTURE OF COAL: EIGHT KEY THEMES FROM THE GLOBAL COAL FORUM - WOOD MACKENZIE
Coal investors face a multi-layered and unavoidable challenge: markets distorted by war, trade constraints and the existential threat of the energy ...
Saturday, 06 August 22
SUMITOMO Q1 PROFIT RISES 45% ON STRONGER PRICES OF COAL, NICKEL - REUTERS
Japanese trading house Sumitomo Corp 8053.T said on Wednesday its net profit for the April-June quarter rose 45% to a record thanks to higher price ...
Saturday, 06 August 22
GERMANY'S ENERGY U-TURN: COAL INSTEAD OF GAS - DEUTSCHE WELLE
Berlin has realized it will never again import as much energy from Russia as before the Ukraine war. So the challenge is to wean Germany off its de ...
Saturday, 30 July 22
NUANCES OF FORCE MAJEURE CLAUSE - BALTIC EXCHANGE
Knowledge to Elevate
In NKD Maritime Limited v. Bart Maritime (No 2) Inc (Shagang Giant) [2022] EWHC 1615 (Comm), Bart Maritime (No 2) Inc (th ...
Saturday, 30 July 22
AEMO URGES QUICKER SHIFT TO RENEWABLES AMID COAL FAILURES AND SOARING FOSSIL FUEL COSTS
The Australian Energy Market Operator has called for an accelerated shift to wind and solar, backed up by batteries and other storage, as a devasta ...
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- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
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