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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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Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
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- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Australian Coal Association
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- The University of Queensland
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
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