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Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
 Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 months of 2020, Brazil exported 238.7 mln tonnes of iron ore by sea, according to vessel tracking data from Refinitiv. This represents a net decline of -4.9% y-o-y compared to the 250.9 mln tonnes exported in the same period of 2019, and is also -15.9% lower than the 283.8 mln tonnes exported in Jan-Sep 2018, Banchero Costa said in its latest weekly report.
However, the report noted that, this is a much better result than what could have been expected at the start of the year.
In January 2020, when China was starting to be hit by the pandemic, Brazil managed to ship out just 20.8 mln tonnes of iron ore. This was a whopping -26.6% less than in December 2019, and -30.8% down on a year-on-year basis. In the whole of the first quarter of 2020, Brazil exported 65.0 mln tonnes of iron ore, which was a disappointing -17.2% decline on the same period last year. At the time, most people thought that things could go even worse, what with all the lockdowns and terrible forecasts for the economy.
However, Accordin to the report, January proved to be the low point of the year. In April-June 2020, ore exports increased to 77.9 mln tonnes, which was +19.9% more than in the first quarter of the year, and actually up +1.4% year-on-year but only due to the low base of a disastrous second quarter last year, which was heavily impacted by the Brumadinho dam disaster. Things were even better in the third quarter of 2020. In the July- September period, Brazil exported 95.9 mln tonnes of iron ore, which was a strong +23.1% more than in the second quarter, and also +0.2% more than in 3Q2019. In terms of trading patters, China is emerging as even more dominating than it already was.
Banchero Costa report further noted, direct shipments to China remained by far the top destination this year, accounting for 66.9% of Brazil’s iron ore exports in Jan-Sep 2020. This is up from a 61.2% share in the same period last year. Total direct volumes to China increased by +3.9% y-o-y in Jan- Sep 2020 to 159.6 mln tonnes. Shipments to Malaysia (essentially Vale’s transhipment facilities) decreased sharply though, by -29.9% y-o-y to 11.6 mln tonnes.
Malaysia was the destination of 4.9% of iron ore shipments from Brazil so far this year. From Malaysia, 8.3 mln tonnes were then shipped onwards to China (70%), and 2.6 mln tonnes to Vietnam (22%), with most of the rest to Indonesia (4%). Volumes also declined from Brazil to Japan, by -33.4% y-o-y to 5.3 mln tonnes, and to South Korea by -21.3% y-o-y to 4.3 mln tonnes.
Direct shipments to Japan now account for 2.2% of Brazil’s total iron ore exports, whilst those to South Korea account for 1.8%. Shipments from Brazil to the EU (excluding the UK) dropped by a sharp -45.0% y-o-y this year.
The European Union accounted for 5.5% of Brazil’s iron ore shipments. Exports to the GCC countries (primarily pelletising plants in Oman and Bahrain) declined by -26.1% y-o-y in Jan-Sep 2020.
The GCC accounted for 4.3% of Brazil’s exports this year. Finally, shipments to Turkey increased marginally by +2.1% y-o- y to 3.7 mln tonnes.
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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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- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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