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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, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
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