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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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- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- The University of Queensland
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- White Energy Company Limited
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