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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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Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
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- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Australian Coal Association
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
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