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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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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Deloitte Consulting - India
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
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