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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 2022 and an increase of 43.5% year on year.
Earnings for Bulkers have strengthened since the start of the traditionally stronger Q4. Larger Bulkers have seen the most dramatic increased with Panamax earnings up by c. 18.54% from the start of October to 16,386 USD/Day.
More than half of the coal is coming from Indonesia, representing 56% of coal imports to India this year alone. Although the iron ore trade to China has traditionally been the cornerstone of the Bulker market, particularly for Capes, it seems that coal imports to India are providing increasing support to the market.
Coal is dominating Bulker demand to India, accounting for 90% of Capesize trades this year, 76% of Panamax trades, 49% of Supramax trades and 1% for Handysizes.
In their latest quarterly forecast, VesselsValue, a Veson Nautical solution, the potential for imports to increase further in coming years. The Indian economy is growing at around 6.5% per year and as a result this will increase their demand for energy both for power, with coal accounting for around three quarters of their energy consumption and also for growing industrial activity.
As India is highly reliant on coal, standing for ¾ of their energy consumption, VesselsValue predicts that Indian coal imports are expected to increase by 12% per annum between 2023-2025.
Source: VesselsValue, Veson Nautical
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Australian Coal Association
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- GVK Power & Infra Limited - India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
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