Petcoke continues to offer good value
Coal prices were falling to the lower end of the US$105-125 range amid lower supply and good gas prices. Geopolitical developments in Iran and Syria saw the oil price rise but i...
Petcoke
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USG Supramax shipowners struggling to maintain higher freight rates
The USG Supramax freight market started the month with negative corrections. The market picture looked depressing from the owners’ point of view. Fresh enquiries were limited: t...
Petcoke rises sharply, discounts lower after wave of geopolitical events – coal falls back in range
Geopolitical headlines in November and December dominated the news. The Trump team has been selected and the energy markets are waiting so see if tariffs will be introduced that...
Oil is stable while coal falls back and petcoke sees lows with discounts slipping
Following Donald Trump’s win in the US presidential elections the energy markets already reacted on several fronts in anticipation of new US policies. An increase in US producti...
USG Supramax/Ultramax market under pressure of limited cargo stems
The USG Supramax/Ultramax freight market started the month on a positive mode as more petcoke, coal and grain cargoes were offered for shipments to Far East, southeast Asia, Ind...
Coal prices remain stable but petcoke slides
Coal prices remained steady at around US$110-120, seeking support from oil, which recovered to US$80/bbl but has since slipped to US$75/bbl. Support from OPEC+, along with a US ...
OPEC+ struggles to support oil as petcoke offers tempting discounts
In a market dominated by geopolitical news from the Middle East (Israel–Hezbollah–Gaza) and a new nuclear doctrine from Russia, which puts the next steps in the war in Ukraine i...
USG Supramax/Ultramax freight market
The USG Supramax/Ultramax freight markets were active throughout the month due to a lively demand, especially on transatlantic routes. The tonnage list was getting tighter as co...
Discounts high as petcoke slides
Oil prices recovered to US$74.50/bbl from US$70 on 20 September 2024, supported by OPEC+ and the US Federal Reserve’s interest rate cut. Coal fell on lower oil prices while gas ...
USG Supramax/Ultramax market stabilised and rising after falling during last month
By Brannvoll ApS, Denmark The USG Supramax/Ultramax freight market was holding largely throughout the month. The rates fell mid-month as tonnage count in the region was rising v...