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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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Friday, 29 June 18
THE LBH GROUP AND RHENUS PLAN TO ESTABLISH A JOINT COMPANY
Press Release: The port services provider, the LBH Group, and the logistics specialist Rhenus, are planning to cooperate closely in the European in ...
Friday, 29 June 18
SUPRAMAX: INDO / CHINA COAL ROUNDS PAYING AROUND USD HIGH 11000 - FEARNLYS
Capesize
Its been an interesting week with a strong demand for ships out of Brazil, making C3 rates remain around USD 19 pmt said Fearnlys in i ...
Friday, 29 June 18
JAPAN'S TOHOKU ELEC, GLENCORE ABANDON APRIL-MARCH COAL CONTRACT TALKS - REUTERS
Japan’s Tohoku Electric Power Co Inc and Glencore Plc have abandoned talks on annual thermal coal supplies after failing to reach an agreemen ...
Wednesday, 27 June 18
SHIPPING MARKET INSIGHT - APOSTOLOS ROMPOPOULOS
After the abolishment of the trade embargo against Iran, there was a lot of optimism from the country’s side, as after quite some time a numb ...
Tuesday, 26 June 18
"ALWAYS ACCESSIBLE": ARRIVAL, DEPARTURE OR BOTH? - INCE & CO
KNOWLEDGE TO ELEVATE
An “always accessible” berth warranty is often used by an owner to transfer the risk of delays in berthing to ...
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Showing 1686 to 1690 news of total 6871 |
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- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- The University of Queensland
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
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