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Friday, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
 The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report published today, which notes that significant uncertainty hangs over the outlook for coal as a result of slowing economic growth and energy market turbulence.
Based on current economic and market trends, global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes, assuming the Chinese economy recovers as expected in the second half of the year, the IEA’s July 2022 Coal Market Update says. This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high.
The new report highlights the significant turmoil in coal markets in recent months, which has important implications for many countries where coal remains a key fuel for electricity generation and a range of industrial processes. At the same time, the world’s continued burning of large amounts of coal is heightening climate concerns, as coal is the largest single source of energy-related CO2 emissions.
Worldwide coal consumption rebounded by about 6% in 2021 as the global economy recovered rapidly from the initial shock of the Covid pandemic. That sharp rise contributed significantly to the largest ever annual increase in global energy-related CO2 emissions in absolute terms, putting them at their highest level in history.
Global coal demand is being propped up this year by rising natural gas prices, which have intensified gas-to-coal switching in many countries, as well as economic growth in India. Those factors are being partly offset by slowing economic growth in China and by the inability of some major coal producers to ramp up production.
Demand for coal in India has been strong since the start of 2022 and is expected to rise by 7% for the full year as the country’s economy grows and the use of electricity expands. In China, coal demand is estimated to have declined by 3% in the first half of 2022 as renewed Covid lockdowns in some cities slowed economic growth, but an expected increase in the second half of the year is likely to bring coal consumption for the full year back to the same levels as last year. China and India together consume double the amount of coal as the rest of the world combined, with China alone accounting for more than half the world’s demand.
Coal consumption in the European Union is expected to rise by 7% in 2022 on top of last year’s 14% jump. This is being driven by demand from the electricity sector where coal is increasingly being used to replace gas, which is in short supply and has experienced huge price spikes following Russia’s invasion of Ukraine. Several EU countries are extending the life of coal plants scheduled for closure, reopening closed plants or raising caps on their operating hours to reduce gas consumption. However, Europe only accounts for about 5% of global coal consumption.
As soaring natural gas prices have made coal more competitive in many markets, international coal prices have risen in turn, hitting three all-time peaks between October 2021 and May 2022. Sanctions and bans on Russian coal following Russia’s invasion of Ukraine have disrupted markets, and issues in other major exporters have contributed to supply shortages. With other coal producers facing constraints in replacing Russian output, prices on coal futures markets indicate that tight market conditions are expected to continue well into next year and beyond.
Source: IEA
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Wednesday, 02 December 20
MARKET INSIGHT - INTERMODAL
It has been another busy week in the dry bulk secondhand market; a healthy number of sales reported predominantly from Japanese owners while owner& ...
Thursday, 26 November 20
DECLINE IN COAL EXPORTS ADDS TO NAVAJO-OWNED COMPANY'S PROBLEMS - IEEFA U.S.
Weak demand and low prices are likely creating steep losses for NTEC
U.S. coal exports to Asia—once heralded as the saving gra ...
Thursday, 26 November 20
COAL FINANCING QUICKLY DRYING UP WORLDWIDE - ANALYSTS : REUTERS
Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping ...
Wednesday, 25 November 20
LIBOR REPLACEMENT AND SHIP FINANCE - WHERE IS IT HEADING? - WFW
The likely replacement of the LIBOR at the end of 2021 creates difficult technical and practical issues for all sectors of business and finance. Th ...
Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...
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- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Australian Coal Association
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
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