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Thursday, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could drop by 20 Mt depending on how long the disruption caused by the so-called “Wuhan flu” continued, he told the 15th Annual Southern African Coal Conference in Cape Town, South Africa.
“I normally have my presentation ready at least one week before the conference, but this time, I have had to update on a daily basis, as the number of cases is spreading so fast. The bad news is that the first quarter of 2020 is going to be pretty poor, because Chinese traders hold back from buying as they wait for the economic impact to stabilize,” he said.
The coronavirus outbreak, which originated in Wuhan, China, has exceeded a grim comparison milestone, as the number of confirmed cases in mainland China has now surpassed that of the severe acute respiratory syndrome (SARS) during the 2002-2003 epidemic.
It took six months for the number of SARS cases to exceed 5,000 in mainland China and the coronavirus surpassed that in just one month. SARS infected more than 8,000 people and killed some 800, resulting in estimates of global economic costs from disrupted trade and travel of R400 billion to R1.4 trillion.
“European coal burn has been on a downward trend for more than three years and this will continue in 2020, so the only good news is that we are unlikely to see the export supply surge from Indonesia that we saw last year, as domestic demand ramps up, so there will be less extra supply coming for that quarter,” he added.
“From my point of view, South African exports are the easiest to forecast as they have been flat for the past few years. I have got a small 0.4 Mt increase for this year,” he concluded.
The South African coal industry mines some 260 Mt of which some 72 Mt is exported and employs more than 86,000 miners who get R25 billion in salaries.
Richards Bay Coal Terminal (RBCT) achieved an annualised throughput of 95 Mt in December 2018 when they loaded 105 vessels, even though for the year, RBCT coal exports fell to 72.15 Mt in 2019 from 73.47 Mt in 2018 and a record 76.47 Mt in 2017. The rail line to RBCT has a current capacity of 81 Mt, while the port has a capacity of 91 Mt.
South African coal producers will need to boost productivity as competition intensifies in coal export markets, Mike Teke, CEO of coal mining company, Seriti Resources, said.
“The drive to be efficient and best in class regarding exporting coal is imperative,” he said.
Source: The BRICS Post
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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
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