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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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Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
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- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Planning Commission, India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- The University of Queensland
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
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