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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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Monday, 19 December 22
ENERGY CRISIS FUELS COAL COMEBACK IN GERMANY - REUTERS
Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it through an energy crisis.
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Thursday, 15 December 22
MARKET INSIGHT - INTERMODAL
While observing the ship repair market very close to the end of the year, we are confident that shipyards worldwide are entering a new era. The nex ...
Tuesday, 13 December 22
STRONG COAL PRICES SUPPORT ROBUST EARNINGS AT INDONESIAN COAL MINERS - FITCH RATINGS
Fitch Ratings expects cash flow generation at Indonesian coal miners to remain strong in 2023, based on its forecast for coal prices to remain high ...
Tuesday, 13 December 22
BIMCO CII CLAUSE FINALLY RELEASED: DOES IT MAKE ANY SENSE OF CCI? - WFW
WHAT IS CII?
The new International Maritime Organisation’s (“IMO’s”) Carbon Intensity Indicator (“CII”) cer ...
Tuesday, 13 December 22
COAL BASE RAMPS UP ENERGY SUPPLY FOR WINTER NEEDS - XINHUA
Inner Mongolia Autonomous Region, China’s leading coal production base, has kicked its production into high gear to meet heating needs as col ...
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- Posco Energy - South Korea
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- PTC India Limited - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
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