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Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
 Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, said Banchero Costa in its latest weekly report. Despite all the global talk about “going green” and “fight on carbon”, coal trade was still growing strongly until 2019. It expanded by +2.5% in 2019 and by +3.2% in 2018.
However, Banchero Costa said, Covid-19 and its associated lockdowns proved a body blow. Despite all the noise about the Chinese ban on Australian coal in the final part of the year, China was actually still one of the best performers in the year. China’s seaborne coal imports in 2020 declined by -8.2% y-o-y to 242.0 mln tonnes.
According the report, India, the world’s second largest importer of coal, was more strongly affected; imports were down by -11.4% y-o-y to 186.0 mln tonnes. But the worst performer by far was the European Union.
Seaborne coal imports into the EU27 (excluding the UK) crashed by -32.4% y-o-y in the 12 months of 2020 to just 68.6 mln tonnes, from 101.5 mln tonnes in 2019. This was also -44.1% down from the 122.6 mln tonnes imported in 2018. and -48.0% down from the 131.9 mln tonnes imported in 2017.
The report further noted that, clearly, the trend was already there for some time. It took a sharp acceleration in 2020. The main coal import terminals in the European Union (27) are: Rotterdam in the Netherlands (15.7 mln tonnes discharged in 2020), Amsterdam Netherlands (5.3 mln tonnes), Hamburg Germany (4.6 mln tonnes), Gdansk Poland (4.2), Dunkirk France (3.2), Ljmuiden Netherlands (3.2), Gijon Spain (2.5), Fos France (2.1), Ghent Belgium (1.9), Taranto Italy (1.7), Vlissingen Netherlands (1.5), Civitavecchia Italy (1.5), Brindisi Italy (1.3), Koper Slovenia (1.3), Porto Torres Italy (1.1), Bakar Croatia (1.1), Gdynia Poland (0.9), Oxelosund Sweden (0.9), P. Marghera Italy (0.9)
According to the report, coal shipments into the EU were hit particularly hard in the first half of the year, and improved somewhat in the final quarter. In the first 3 months of 2020, the EU imported 17.6 mln tonnes of seaborne coal, down -42.8% y-o-y. The winter period was traditionally the strongest period of the year, driven by heating requirements.
The second quarter of 2020 saw shipments of 15.5 mln tonnes into the EU, down -39.5% y-o-y.
In the third quarter, imports improved marginally to 16.1 mln tonnes, which was down -27.3% y-o-y from the same quarter in 2019. The fourth quarter of 2020 saw the best volumes of the year, jumping to 19.3 mln tonnes, but this was still down -15.4% on a year-on-year basis.
We now expect arrivals in Jan-Feb period of 2021 to reach 13.0 mln tonnes, which would be a +3.4% y-o-y improvement on the same two-month
period last year, said Banchero Costa.
In terms of sources of the shipments, things didn’t change too much.
Arrivals from Russia proved most resilient, declining by -11.2% y-o-y to 30.7 mln tonnes in 2020. Russia remains by far the top supplier of seaborne coal to the EU, accounting for 44.7% of volumes in 2020.
The vast majority of Russian coal shipments to Europe are loaded at Baltic (Gulf of Finland) ports. 58% of last year’s cargoes were shipped from the port of Ust-Luga, and 7% from Vysotsk. Outside the Baltic Sea, about 25% of volumes were shipped from the northern port of Murmansk, and about 6% were loaded in the Black Sea port of Novorossiysk.
The report also said, After Russia, the second largest exporter of coal to Europe is the USA. Shipments from the USA to the EU were down -38.0% y-o-y to 12.1 mln tonnes in 2020, with a share of 17.7% of Europe’s seaborne coal imports. Imports from Australia were down -30.6% y-o-y to 11.0 mln tonnes.
Shipments from Colombia to the EU plunged by -58.1% y-o-y to 5.3 mln tonnes.
Imports from other EU countries crashed by -67.7% y-o-y to 1.6 mln tonnes. Volumes are also down by -87.5% from the 12.8 mln tonnes of 2018. This is largely due to Russia diverting cargoes from Latvian ports to its own Baltic ports like Ust-Luga.
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Friday, 15 January 21
OVER US$50 BILLION IN GAS POWER PROJECTS AND LNG IMPORT FACILITIES AT RISK OF CANCELLATION IN BANGLADESH, PAKISTAN AND VIETNAM - IEEFA
Pakistan and Bangladesh have already cancelled tenders for LNG imports
Emerging markets such as Vietnam, Pakistan and Bangladesh tha ...
Friday, 15 January 21
VIETNAM'S EXTRAORDINARY ROOFTOP SOLAR SUCCESS DEALS ANOTHER BLOW TO THE REMAINING COAL PIPELINE - IEEFA
9.3 gigawatts peak of solar capacity, equal to 6 coal power plants, installed in less than a year
Vietnam’s solar power indust ...
Friday, 15 January 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
COALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin ...
Wednesday, 13 January 21
CHINA THERMAL GENCO PROFITS FACE PRESSURE AMID POWER SHORTAGES - FITHCH WIRE
High coal and gas prices will put near-term pressure on margins for thermal power generators in China, says Fitch Ratings. However, the power short ...
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- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- White Energy Company Limited
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
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