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Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected electricity demand.
Between January and August, electricity production in advanced economies fell by 4% y/y, according to data from the International Energy Agency. In 2023, measures against high inflation slowed economic growth in advanced economies. The International Monetary Fund estimates GDP in advanced economies will grow by only 1.5% in 2023 compared to 2.6% in 2022, and some economies in Europe are even expecting negative growth. As a result, industrial production weakened in several of these economies, further affecting electricity demand.
Thermal coal accounted for 68% of coal shipments which fell by 22% y/y, between January and October this year. Thermal coal is used for electricity generation and is being phased out across many advanced economies in favour of renewable energy. Coking coal imports by advanced economies also fell, but only 2%, due to lower steel production in the EU, Japan and South Korea.
In 2023, advanced economies’ imports of seaborne coal could reach the lowest level since 2002. Imports fell in most of these markets, but the decline was most significant in the EU. After it boosted imports in 2022 in response to an energy crisis, volumes retreated once again and are now below 2021 levels.
Advanced economies import 32% of the world’s seaborne coal shipments. Japan, Korea, the EU and Taiwan are the largest importers, accounting for 94% of all coal shipments to advanced economies. Australia is the origin of 40% of these cargoes, favoured for the high energy content in its coal. Other exporters include Indonesia, Russia, US, Canada, Colombia and South Africa.
Despite weaker shipments to advanced economies, global coal shipments are expected to grow 4.5-5.5% in 2023. Stronger demand in parts of Asia, particularly in China, has supported coal shipments this year. Average haul also increased 1.5-2.5%, boosted by sanctions on Russian coal.
In the coming years, coal shipments to advanced economies are expected to continue declining as electricity generation from renewables increases. While higher demand in emerging Asia may cover some of these losses, we currently expect global coal shipments could start falling from 2024.
Source: BIMCO
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
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- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
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