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Thursday, 28 January 16
WHAT ARE THE PROSPECTS FOR COAL IN LIGHT OF THE PARIS CLIMATE AGREEMENT? - GERMAN COAL IMPORTERS ASSOCIATION
 This depends – says the VDKi – to a very great extent on who you want to believe more, the United Nations or the International Energy Agency – or, in other words, a politically motivated result or a forecast that has at least not completely lost touch with reality.
The International Energy Agency (IEA) has issued a forecast covering the period up to 2040 in its World Energy Outlook (WEO) 2015; it is based on the scenario of the new policies regarding the reduction of greenhouse gases. The so-called New Policies Scenario includes all of the reduction measures that have been adopted politically, but not yet implemented. According to the forecast, renewable energies will in 2040 have a total share of one-third of power generation and will have overtaken fossil energy sources, and the share of coal in power generation worldwide will have declined from 41% today to 30% in 2040.
VDKi further noted that, at the same time, however, power demand will have grown by 40% by that time, and even in a quarter of a century, 67% of the world’s power will be generated by the use of coal, gas, oil and nuclear – a figure that the national as well as international climate politicians would have been well advised to take into account before the negotiations in Paris. Instead, an estimate was presented in Paris showing that in 2040 coal will contribute only 2% and natural gas only 7% to worldwide primary energy demand and not only to power generation, contrasting with 57% from renewable energies.
According to VDKi, the IEA estimates, on the other hand, show that renewable energies will cover only 5% of global primary energy demand. These scenarios are diametrically opposed. If the IEA forecast is taken as the basis, the only conclusion is that the fundamental assumption (more precisely, the faith) embodied in the Paris Climate Agreement that the world could change over completely from fossil to renewable energies and in this way achieve significant reductions in greenhouse gas emissions is not realistic.
Europe and Germany
According to German Coal Importers Association, the European Union saw primarily a decline in coal imports in comparison with 2014. Imports to the United Kingdom fell especially strongly (-37%). Italy and Germany will presumably have imported as much hard coal by the end of last year as in the previous year. Spain increased its imports by 2 million tonnes to 18 million tonnes. The rise in power generation from renewable energy sources and the lack of overall sustainable economic growth in the EU will presumably limit the import of steam coal into the EU in 2016 as well.
One positive aspect in the view of the VDKi is the continuing advantage of the clean dark spread (costs for coal, freight and CO2 certificates) over the clean spark spread (costs for gas, transport and CO2 certificates) in 2015 despite substantial pressure on volumes and prices of gas. This factor has favoured coal-fired power generation in the “race to cover the load” remaining after the priority feed-in of renewable energies and has pushed gas-fired power generation in Europe even further aside. Power was frequently exported to countries that depend heavily on natural gas for power generation such as the United Kingdom or the Netherlands. In addition, electricity was exported to countries that lacked availability of adequate power plant capacities to the network because of the dry summer in 2015, e.g. France or Austria.
While the use of hard coal in Germany in 2015 fell in total by only 0.7% to 57.7 million TCE, use of coal in the steel industry remained unchanged at 17.8 million tonnes. The use of hard coal for power generation fell moderately by 0.8% to 38.0 million TCE and for heat generation minimally by 0.1 million TCE. Overall, about two-thirds of the total consumption of hard coal in Germany are attributed to power generation.
Hard coal imports to Germany last year were noteworthy in view of the general situation of climate policies. According to preliminary calculations of the VDKi, imports declined by a mere 4% to about 54 million tonnes.
Eighty-nine percent of the total sales of hard coal in Germany of 57.7 million TCE (preliminary) in 2015 were covered by imports, 11% by domestic hard coal, said VDKi.
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Wednesday, 10 February 16
OWNERS APPEAR WILLING TO DISPOSE OF TONNAGE THE SOONEST IT HITS THE 10 YEAR MARK - TIMOS PAPADIMITRIOU
COALspot.com: The last two months of 2015 made a case for traditional shipowners to invest in the dry bulk sector, doing so though based purely on ...
Monday, 08 February 16
DRY-BULK SHIPPING DIVING DEEP
COALspot.com: The freight markets continued to fall this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of glo ...
Monday, 08 February 16
DRY BULK: SHIPBROKER SEES BDI MARKET REACHING LOW POINT OF 236 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The endless pit that is the dry bulk market over the past two months, has been the issue of debate among ship owners, shipbroker and analysts alike ...
Friday, 05 February 16
COAL INDIA EYES COAL MINES IN SOUTH AFRICA - PTI
“Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership w ...
Friday, 05 February 16
U.S. WEEKLY COAL OUTPUT ROSE 4.2% TO 13.6 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.6 million shor ...
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- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
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