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Monday, 01 February 21
A 56,000-DWT OPEN MANILA WAS FIXED FOR A TRIP VIA INDONESIA REDELIVERY CHINA AT $11,500 - THE BALTIC BRIEFING
Capesize
The Capesize routes endured a week of slippage on rates, bringing the market back down to levels seen at the beginning of the month. Dropping -8,956 over the course of the week the Capesize 5TC settled at $15,675. The Atlantic Basin routes were the big movers with the Transatlantic C8, in particular, coming under fire. It posted down to $23,250 as a lack of cargo took its toll. The Pacific Basin, with an abundance of cargo to go along with available vessels, allowed charterers to continually apply downward pressure with the West Australia to Qingdao C5 dropping -1.728 by weeks end to $6.145. While the market did post down on the last day of the week, there was scattered chatter that the market had bottomed in some regions as the ballaster routes lit up green amongst an otherwise sea of red. This time of the year is usually a seasonal low period for Capesize. However, the market continues to surprise as rates remain elevated. Some would say this bodes well for the remainder of the year.
Panamax
An interesting week in the Panamax market with widely differing opinions of the market in the Atlantic. Activity in Asia started slowly and diminished as the week went on with spot rates coming under pressure. A $13,250 figure was achieved early in the week for a NoPac round trip. However, these levels slowly eroded as both appetite and activity curtailed. News of ships waiting off China with thermal coal being given permission to discharge began to seep through. But this conceivably will only add to tonnage count in the area, potentially further increasing pressure here. In the Atlantic, it also began the week slowly with varying degrees of rates being concluded. It was largely positional in the North with solid support for breaching and ice breaking trades. Further south from EC South America, there was sporadic trading for much of the week. But it appeared to come alive on Thursday with some well-supported fixtures concluded for first half March arrival dates.
Ultramax/Supramax
Another positive week for the sector with demand keeping pace with supply in most areas. Period activity was abundant. A 56,000-dwt sizes open in the Indian Ocean seeing $14,000 for three to five months, whilst a 58,000-dwt open China fixed at $11,500 for one year. Atlantic rates remained healthy. A 56,000-dwt fixing from Norway via the Baltic to the Black Sea in the $16,000s and a 57,000-dwt fixing in the low $20,00s for a trip from central Mediterranean via the Black Sea to China. South America remained active, however, information was limited. The Asian arena seemed to have peaked as the week ended. The Ultramax size was fixing in the mid $12,000s for NoPac round voyages. From south east Asia, a 56,000-dwt open Manila was fixed for a trip via Indonesia redelivery China at $11,500. Demand remained from the Indian Ocean. A 63,000-dwt fixing a trip from west coast India to China in the low $19,000s.
Handysize
The consistent uprising recorded a new high in the Handy sector this week. The BHSI climbed higher up to double the figure published in the same period last year. Throughout the month, the activity level was surged in the Atlantic by Turkish imports of scrap cargoes. Other orders from the Continent also lent further support – especially with end January dates. Both east coast South America and the US Gulf remained, whilst the rates moved sharply higher towards the weekend in the East with all three Pacific routes now being above $10,000. A 37,000-dwt delivery in Southwest Pass was fixed for a trip to Algeria at $16,000 in the middle of the week. A 33,000-dwt open east Mediterranean was fixed for a trip via the Black Sea to west Mediterranean at $17,250. In the Pacific, a 36,000-dwt open east coast Australia was traded and failed on subjects at approximately $20,000s level for a trip back to Southeast Asia.
Source: The Baltic Briefing
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Thursday, 27 May 21
KOMIPO INVITED BIDS FOR 1.56 MILLION TONS OF BITUMINOUS COAL
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Thursday, 27 May 21
CHINA POWER DEMAND EXCEEDS PRE-COVID-19 LEVELS; THERMAL OUTPUT STRONG - FITCH RATINGS
Rising Consumption: Total power consumption rose by 21.2% yoy to 1,921.9GWh in 1Q21 due to the fast recovery of China’s economy, after a drop ...
Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from the ...
Wednesday, 26 May 21
THE INDONESIA COAL PRICE REFERENCE FOR MAY 2021 SETTLES AT US$ 89.74 PER TON
COALspot.com: The Indonesia coal price reference for May 2021 settles at US$ 89.74 per ton FOB vessel.
The Indonesia coal pric ...
Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of un ...
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- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- ASAPP Information Group - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- White Energy Company Limited
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- The University of Queensland
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- MS Steel International - UAE
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