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Friday, 20 August 21
BIMCO'S SHIPPING NUMBER OF THE WEEK: CHINESE IRON ORE IMPORTS FALL TO 14-MONTH LOW IN JULY - PETER SAND
 Chinese iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020. The fall in July means that accumulated imports are lower than in the first seven months of 2020. Imports this year have totalled 649.0 million, a 1.5% decline from January to July 2020. In July, imports were down 21.4% from the same month in 2020 when they reached a record high of 112.7m tonnes.
Steel production declines following government restrictions
In addition to the July drop in iron ore imports China’s steel production fell to 86.8m tonnes (source: NBS China) as the government seeks to impose limits on steel production to meet climate emissions goals. Chinese steel production was strong in the first six months of the year, and with a resilient domestic demand, it appears that the government restrictions are limiting further growth rather than the actual appetite for steel.
“A decline in Chinese iron ore imports following record-breaking imports in the first six months to the year seemed inevitable viewing that the Chinese government wishes to keep emissions growth in check. However, as demand for steel remains strong in China, it remains to be seen to which extend the Chinese government will continue to limit steel supply due to environmental concerns,” says Peter Sand, BIMCO’s Chief Shipping Analyst.
Strong iron ore imports from Brazil
In the first six months of the year, which is the most recent data available by origin, Brazil is the only major exporter of iron ore to China that has experienced growth. Brazilian export volumes are up by 14.3% in the first half of the year, reaching 108.3 million tonnes, and thereby cementing its second spot. This is however still down from the record of 109.2m tonnes of iron ore which China imported from Brazil in the first six months of 2017. Australia remains solidly in the top spot despite a fall in imports. In the first six months of the year imports from Australia have fallen by 1.3% to 344.8 million tonnes.
Source: BIMCO, By Peter Sand, Chief Shipping Analyst
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Wednesday, 13 October 21
MARKET INSIGHT - INTERMODAL
Following up on our insight on May 2021, where we discussed about the Capesize market outlook for the second half of the year, we are pleased to se ...
Wednesday, 13 October 21
FBX INDEX: THE IMPOSSIBILITY OF SHORT-TERM FORECASTING - LARS JENSEN
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start droppin ...
Wednesday, 13 October 21
CHINA FLOODS: COAL PRICE HITS FRESH HIGH AS MINES SHUT - BBC
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by ...
Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty ...
Tuesday, 12 October 21
INDONESIA'S COAL-BASED POWER PLANTS ARE SUBJECT TO CARBON TAX NEXT YEAR, ELECTRICITY COSTS COULD RISE! - CNBC
The Indonesian government is planning plans to implement a carbon tax of IDR 30 per kilogram (kg) of carbon dioxide equivalent (CO2e) or equivalent ...
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- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Anglo American - United Kingdom
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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