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Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
 Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coal loadings increased by a whooping +18.8% y-o-y to 417.7 mln t (excluding cabotage), admittedly from a fairly low 351.6 mln t in the same period of 2022, Banchero costa said in its latest weekly report.This was also higher than the 363.9 mln t loaded in Jan-Apr 2021, and the 379.7 mln t in Jan-Apr 2020. It was just a shade below the 418.3 mln t loaded in Jan-Apr 2019.
The report further noted that, in Jan-Apr 2023, exports from Indonesia increased by +48.7% y-o-y to 143.3 mln t, whilst from Australia were down -3.2% y-o-y to 108.6 mln t, from Russia were up +21.4% y-o-y to 61.3 mln t, from the USA increased by +25.0% y-o-y to 26.9 mln t, and from South Africa +8.9% y-o-y to 22.6 mln t.
Seaborne coal imports into Mainland China surged by +90.6% y-o-y to 108.9 mln t in Jan-Apr 2023, whilst imports to India increased by +17.5% y-o-y to 67.1 mln t, imports to Japan by -0.4% y-o-y to 56.7 mln t, to South Korea by -0.8% y-o-y to 38.1 mln t, to the EU -4.1% y-o-y to 34.7 mln t.
Banchero costa’s weekly report further noted that, Canada is the seventh largest exporter of coal in the world. In 2022, Canada accounted for 3.8% of global seaborne coal shipments. Canada’s seaborne coal exports in the 12 months of 2022 declined by -7.6% y-o-y to 41.3 mln tonnes.
This followed an equally strong decline of -5.7% y-o-y in 2021, and a -18.8% y-o-y decline in 2020. In the first 4 months of 2023, coal exports from Canada rebounded by +6.3% y-o-y to 15.9 mln tonnes, which was the highest for this part of the year since the 16.1 mln tonnes in Jan-Apr 2020.
Nearly half of the coal produced in Canada is thermal and half is metallurgical. Canada's exports are primarily metallurgical coal. Alberta and British Columbia produced 85% of Canada's coal. Canada exports about half of its coal production. Given the location of its mining resources, the overwhelming majority of Canadian coal exports are shipped from ports in British Columbia, on the Pacific coast. Of the 41.3 mln tonnes shipped in calendar 2022, 54.2% (22.4 mln tonnes) were shipped from Roberts Bank, 27.8% (11.5 mln tonnes) from Vancouver, and 17.9% (7.4 mln tonnes) from Prince Rupert.
According to Banchero costa, the vast majority of Canada's coal exports go to Asia, which is still a significant consumer. In 2022, as much as 32.9% of Canada’s seaborne coal exports were shipped to Japan. In Jan-Dec 2022, coal exports to Japan from Canada remained flat with a +0.2% y-o-y growth at 13.6 mln tonnes. The second largest destination for Canadian coal is South Korea, accounting for 25.4% of Canada’s exports in 2022.
The report also said, in 2022, exports from Canada to South Korea declined by -9.8% y-o-y to 10.5 mln tonnes. In third place is Mainland China which accounted for a 18.0% share in 2022.
In 2022, shipments from Canada to China declined by -17.4% y-o-y to 7.4 mln tonnes, although this represents a correction from a +53.3% y-o-y increase recorded in 2021. The volume seen last year was still significantly above anything seen up until 2021.
In fourth place was the European Union, with a 7.2% share of Canada’s coal exports. In 2022, 3.0 mln tonnes of coal were exported from Canada to the EU, down -3.7% y-o-y.
In fifth place was India, with a 6.1% share of Canada’s coal exports. In 2022, India imported 2.5 mln t from Canada, up +24.4% y-o-y from
just 2.0 mln t in 2021.
However this was still significantly below the 3.9 mln tonnes shipped to India in 2020 and the 5.7 mln tonnes shipped in 2019.
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- PTC India Limited - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
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