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Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with capped prices as COVID-19 restrictions and higher renewables output dented demand for coal-fired power.
China imported 18.98 million tonnes of coal last month, compared to 28.93 million tonnes in June 2021, data from the General Administration of Customs showed on Wednesday.
Over the first half of 2022, China imported 115 million tonnes of the fuel, 17.5% lower than a year ago.
The decline in coal imports came after Beijing’s rigorous regulation of domestic coal prices. It capped thermal coal with a heating value of 5,500 kilocalories (kcal) at northern Chinese ports at 770 yuan ($114.60) a tonne under long-term contracts and at around 1,200 yuan for spot shipments.
In contrast, benchmark Newcastle 5,500 kcal thermal coal traded at an average of $402.50 a tonne on a free-on-board basis in June, boosted by a global fuel shortage in the wake of the Ukraine crisis.
“Chinese traders don’t have many incentives to buy seaborne coal given the unfavorable prices, and the rise of dollar makes imported cargoes even more expensive,” said a Singapore-based coal trader.
Thermal power generation, mostly from coal-based utilities, plunged 11% in May from a year ago because of surging hydropower output and a drop in total power production during COVID-19 lockdowns.
With temperatures rising in China, however, utilities have increased coal tender issuances for late-July and August arrivals, to prepare for a pick-up in power demand as households turn on air conditioners. But most of the tenders are seeking lower priced and lower quality coal from Indonesia.
Daily coal consumption has climbed to about 2 million tonnes in early July, similar to the same period last year, according to data compiled by the China Coal Transportation and Distribution Association (CCTD).
Source: Reuters
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Tuesday, 23 August 22
SHIPPING INDUSTRY TO REMOVE THE INDIAN OCEAN HIGH RISK AREA - BIMCO
After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk ...
Tuesday, 23 August 22
SHIPPING: GLOBAL TAX REFORM - WATSON FARLEY & WILLIAMS
OECD rules designed to implement a global minimum corporate tax rate for very large multinational groups have now been published and are expected t ...
Tuesday, 23 August 22
PARTIES CONCLUDE JOINT R&D AGREEMENT FOR WORLD’S FIRST AMMONIA FLOATING STORAGE AND REGASIFICATION BARGE CONTRIBUTING TO PROMOTING THE EARLY INTRODUCTION OF AMMONIA FUEL - NYK
NYK Line, Nihon Shipyard Co., Ltd. (NSY), ClassNK, and IHI Corporation (IHI) signed a joint research and development agreement for the commercializ ...
Monday, 22 August 22
INDONESIAN GOVERNMENT IMPOSED ON NEW PROGRESSIVE ROYALTIES FOR COAL
Indonesian President Joko Widodo has signed a Government Regulation (Number 26 of 2022) on 15 August 2022 related to the progressive royalty rates ...
Monday, 22 August 22
CHINA'S JULY RUSSIAN COAL IMPORTS HIT 5-YR HIGH AS WEST SHUNS MOSCOW - REUTERS
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted c ...
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- London Commodity Brokers - England
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Planning Commission, India
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
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