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Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
 COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at other times with unexpected development," said Dr. Cieslik, Chairman of the board of German Coal Importers Association, on the occasion of association's New Year's reception on 20th January 2012 in Hamburg.
According to Dr. Cieslik, coal in Germany as well as in Europe is faced with an increasingly hostile environment during 2011. Internationally, however, the world looks much different for coal. So let us take a look now at the world market for coal.
The World Market for Coal
"The initial overview indicates that worldwide production will remain more or less at the previous level totalling 6.7 billion tonnes. The main reason for this is the loss of production in the coking coal sector in Queensland because of the flooding in this region caused by weather conditions at the beginning of 2011," Chairman said in his speech.
The world seaborne coal market recorded growth in the coking coal sector because of the activity of the steel industry and in the steam coal sector and will probably have risen by about 5% from 963 million to more than 1 billion tonnes.
Despite the banking and financial crisis, the steam coal market continued to grow, although it slowed to some degree. Demand rose on both the Atlantic and Pacific markets, above all from China.
There was also growth in the coking coal market, which rose by 22 million tonnes or almost 9% to 242 million tonnes. The lower demand on the Pacific market was a small surprise, but it was more than compensated by the significance increase in Atlantic demand, chairman highlighted in his speech.
The price level for steam coal remained stable at a high level in 2011, ranging between US$115/t and US$125/t.
The heavy rains and the subsequent flooding in large areas of Queensland in Australia initially caused an explosive price increase on the spot markets, especially for coking coal, to more than US$300/t for coking coal. However, the decline in steel production worldwide caused by economic conditions in the second half of 2011 also repressed the demand for coking coal, leading in turn to pressure forcing prices downward during the last quarter of 2011.
Australian premium coking coal fell to US$230/t.
Freight rates remained in a range of US$10- US$25/t for the benchmark route Richards Bay-Rotterdam during 2011. The market is characterised by overcapacities and the related pressures on prices and competition.
Germany
According to a provisional report from the Arbeitsgemeinschaft Energiebilanzen, primary energy consumption in Germany declined by about 5% to approximately 457 million TCE because of the mild weather conditions.
The consumption of hard coal at just under 57.5 million TCE declined slightly by 0.7% in comparison with the previous year and so was not able to record any significant growth in 2011 following the substantial increase in 2010. A particular cause is the decline in its use for power and heating generation of -2.5%.
There are many good reasons for coal
According to Chairman, there are many good reasons for coal in Germany
1.New facilities such as the hard coal-fired power plants with capacities of 8,400 MW now under construction are being equipped with the best available technology and high standards of efficiency; almost all of them have been designed as large power-heat coupling plants, assuring a very high degree of fuel exploitation.
2.New installations are replacing old power stations with lower degrees of efficiency and, specifically, higher CO2 emissions.
3.New installations are being designed so that they can accommodate CCS systems.
4.Power generation from coal will be needed as a transitional technology for at least the next 30-40 years, not least to compensate for fluctuations in the feed-in from renewable energy sources.
5.Coal production is globally spreaded.
Keynote speech by Dr Cieslik, Chairman of the board of German Coal Importers Association, on the occasion of Association's New Year´s Reception on 20th January 2012 in Hamburg.( We published part of Chairman's speech)
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Wednesday, 01 February 12
2% OF IBPS TOTAL CONCESSION AREA CONTAINS TOTAL COAL RESOURCE OF 56.1 MILLION TON
COALspot.com - PT. Britmindo, a mine consulting firm, has finalized PT. Insani Bara Perkasa (IBP) first JORC (Joint Ore Reserves Committee) res ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
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- Economic Council, Georgia
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Aditya Birla Group - India
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
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