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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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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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- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- MS Steel International - UAE
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
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