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Thursday, 21 December 17
COAL CONSUMPTION DROPS AS GAS AND RENEWABLES CHEW INTO TRADITIONAL MARKETS - BABS MCHUGH
"The share of coal in the global energy mix is forecast to decline from 27 per cent last year to 26 per cent in 2022"
Global demand for coal slumped 1.9 per cent in 2016, a record drop in demand that is not expected to change until 2022.
The International Energy Agency (IEA) Coal 2017 report said 5.36 billion tonnes of coal was used last year, the second year in row consumption dropped.
That is a combined total of 4.2 per cent over 2015 and 2016, which according the IEA is larger than the last two-year slump in the early 1990s.
The agency forecasts that by 2022 global coal demand will be 5.53 billion tonnes, which means total demand will have stagnated for more than a decade.
Coal is Australia's second largest export earner after iron ore and has weathered a difficult few years before an unexpected and sustained spot-price rise over the past 18 months.
The IEA director for energy markets Keisuke Sadamori said global energy systems were rapidly evolving and biting into coal's traditional markets.
"There is much more diversity in the fuel mix: fracked natural gas, especially cheaper fracked gas in the United States," he said.
"And costs are reducing for new technologies in both energy efficiency and renewable energy.
"Despite that, demand will remain essentially the same for the next five years.
"We expect coal-fired generation to increase by 1.2 per cent a year until 2022 although its share of the power mix will fall to just below 36 per cent by then."
Demand moves from west to east
Coal use is forecast to decline further in Europe, Canada, USA and China but demand will rise in rapidly developing countries in South East Asia, India, Pakistan and Bangladesh.
The IEA singles out India as being the major growing consumer of coal with coal-fired generation expected to grow there by more than 4 per cent per annum until 2022.
This may not be of great benefit to Australian coal producers with the Indian government declaring it would double its coal use by 2020, but use only domestic supplies to do so.
However, many market commentators do not believe India was positioned to become self sufficient in coal in the medium term.
Pakistan is predicted to increase its coal consumption four-fold by 2022.
Despite the reduction in coal consumption in China, the IEA still sees the nation as a significant price setter.
"China will remain the key driver although the potential for demand growth is," Mr Sadamori said.
"However the country's supply-side reforms will be critical factors for coal prices in coming years."
Source: ABC News
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Thursday, 07 December 17
SUPRAMAX: CHINA TO INDIA FIXING AT MID US$ 8000 - FEARNLEYS
Supramax
There has been quite some activity in the Atlantic basin this week, rates out of USG are still firm, trips to Emed gone through at low/m ...
Thursday, 07 December 17
THE ROLE OF COAL - AN INCONVENIENT TRUTH - BENJAMIN SPORTON, WCA
At the climate talks in Bonn, a global alliance to phase out coal was launched. This, along with other rhetoric about developments in the energy se ...
Wednesday, 06 December 17
SHIPPING MARKET INSIGHT - VASILIS VASILEIOU
Moving towards the end of 2017, we are facing a relatively slack period of business in the ship repair sector. The repair market has already mature ...
Tuesday, 05 December 17
DOES BITCOIN HAVE A FUTURE IN SHIPPING? - ALIBRA SHIPPING
Google now receives more search requests for Bitcoin than for Kim Kardashian, Beyoncé and Taylor Swift combined. This week, a shipping compa ...
Tuesday, 05 December 17
OIL PRICES HAVE GAINED SOME TRACTION THESE PAST FEW DAYS ON TALKS OF ANOTHER OPEC & RUSSIA PRODUCTION CUT EXTENSION - GERRY LATHROP
Oil prices have gained some traction these past few days on talks of another OPEC (including non-OPEC Russia) production cut extension.
The cu ...
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Showing 1856 to 1860 news of total 6871 |
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- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Planning Commission, India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
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