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Friday, 03 August 18
PHEW! ASIA, EUROPE HEATWAVE PUSHES AUSTRALIA COAL PRICES TO 6-YEAR HIGH: REUTERS
 Australian thermal coal prices have hit fresh six-year highs as a heatwave across the northern hemisphere has triggered a spike in demand for coal-fired power to help keep air conditioners cranking out cool blasts.
Spot thermal coal cargo prices from Australia’s Newcastle terminal last settled at $121.75 per tonne, their highest since February 2012 and up by a third from their 2018 low, set in April.
“Extreme heat in Asia and Europe is pushing power demand for industrial and also residential cooling above what’s normal for this time of the year,” said one utility trader, declining to be named as he was not authorised to talk about commercial matters.
“Coal has reacted stronger than natural gas because more spare coal capacity has been activated,” he said.
Temperatures in key coal-consuming regions of North Asia and Europe hit records in July and the heat that has continued into August is set to persist, meteorological services said.
Weather analyst Ed Whalen said “widespread warmth between 1-4 degrees Celsius above normal was observed across much of South Central, East, and Northeast China over the past seven days”. Hot weather would this week “dominate most of China once again,” he added.
In Japan, the unusual heatwave last week pushed temperatures in Tokyo above 41 degrees Celsius.
Beyond maximising coal-burning, Japanese utilities have cranked up old oil-fired power stations to cope with the spike in power demand, which has also sent the country’s wholesale electricity prices to record highs.
Extreme heat has also gripped large parts of Europe, with temperatures in Spain and Portugal exceeding 40 degrees Celsius and even Scandinavia seeing temperatures of more than 30 degrees.
The hot weather has also pushed up river temperatures across the region, forcing several nuclear power stations that use the waters for reactor cooling to reduce output.
European utilities, especially in Germany, have turned to coal-fired power stations to fill some of that gap, generation data in Thomson Reuters Eikon showed.
Germany and Europe are not major buyers of Australian coal, but their increased demand is still being felt as a ripple effect amid a globally tighter coal market, traders said.
Overall, thermal coal prices have this year have outperformed other fossil fuels like crude oil and liquefied natural gas, as the strong demand comes amid stagnant output while availablility in oil and gas has been rising.
Source: Reuters
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Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC. 43 of those vessels had to do ...
Tuesday, 16 October 18
A PRACTICAL OVERVIEW OF THE IMO 2020 SULPHUR CAP - CLYDE&CO
KNOWLEDGE TO ELEVATE
With less than eighteen months before Regulation 14.1.3 of Annex VI of the MARPOL Convention comes into effect, there are ...
Saturday, 13 October 18
SUPRAMAX: SIGNIFICANT ACTIVITY IN THE INDIAN OCEAN WAS EVIDENT AND RATES JUMPED - BALTIC BRIEFING
Capesize
A sharp reversal of fortunes for the big ships as the week closed after a depressed beginning. To start with drops were sudden, with t ...
Wednesday, 10 October 18
SHIPPING MARKET INSIGHT - ILIAS M. LALAOUNIS
During the end of last month the BHSI was hovering around 630 points, while the last observed sale on a 10-yr old Japanese Handy was the M/V Van Im ...
Monday, 08 October 18
INDONESIAN THERMAL COAL PRICE REFERENCE FELL 3.74% IN OCTOBER 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
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- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
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