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Thursday, 06 August 20
SUPRAMAX MARKET CONTINUED SIDEWAYS TREND, AND LITTLE INSPIRING NEWS APPEAR - FEARNLEYS
Capesize
There is presently a small correction in rates, but overall levels are up from previous week mainly due to increased demand in the East Fearnleys says in its latest weekly report.
The average BCI is up from 17,000 to just excess of USD 20,000 with c5 in the 8s pmt, compared to previous week sub 7. Brazilian iron ore, the c3 route is up one dollar, presently close to mid 18s pmt. Volume is relatively thin, but the sentiment looks positive.
Panamax
According to Fearnleys, the Panamax market took a turn mid last week, and has experienced firmer rates in both hemispheres. TA’s are now paying excess 12k for the longer runs, while the shorter are being paid in the 14k’s. In the Pacific, we see Aussie rounds being fixed in the 12k’s.
We do expect this firming tendency to remain short term with a short tonnage list – especially in the North Atlantic Fearnleys says. ECSA grain cargoes are still in a roll and being fixed at around15.5k+550k GBB, and we now also see the Black Sea grain market coming into play.
Supramax
The Supramax market continued sideways trend, and little inspiring news appear. Oversupply of tonnage in both basins putting pressure on the spot rates Fearnleys says.
We are missing fresh inquiries in the key areas to turn the bearish trend around. Period activity is limited, and very few charterers taking long term commitments. Q1 putting pressure on forward curve. USG and ECSA remain flat. The Black Sea expecting more activity on the grain side, but same still submerged. Fronthaul rates from the Black Sea to Far East fixing around USD 20k/day.
Fearnleys weekly report further noted, West African trips to China with manganese ore reported at the level of low USD 20k/day. NOPAC and Aussie round trips into China vary in region 9k/11k per day range depends on delivery and vessels specs. South East Asia trips to China were reported at the level of USD 8,500/9,500 per day. EC India remains strong and paying close to USD 15k/day on Supra and USD 17k/day on large units.
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Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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- Malabar Cements Ltd - India
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- Wood Mackenzie - Singapore
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- Coal and Oil Company - UAE
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- Eastern Coal Council - USA
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- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
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- Economic Council, Georgia
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- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- India Bulls Power Limited - India
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- Planning Commission, India
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- Metalloyd Limited - United Kingdom
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- SMC Global Power, Philippines
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- Indonesian Coal Mining Association
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- Bangladesh Power Developement Board
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- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
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- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
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- Sakthi Sugars Limited - India
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- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
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- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
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- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
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- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
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- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
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- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
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- Goldman Sachs - Singapore
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- Meralco Power Generation, Philippines
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- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
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