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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 while increasing transit time from 16 days to 32 days according to a report by LSEG Shipping Research.
These additional costs mostly accounts for extra fuel and increases costs for an Aframax tanker by 110%, while for a large container vessel it increases by 35% for a voyage between Asia to NW Europe.
Transits through Suez have been hugely affected following the Red Sea attacks. Average monthly transits through the Suez from June to November 2023 was seen at 1914. This dropped to 1672 in December, a 12.6% drop in transits and January month-to-date transits are assessed at 947 as of 22nd Jan, which translates to a 32.6% decline.
Daily container vessel traffic within the Red Sea have dropped by almost 60% since mid-December, with the larger container ships being the most responsive to avoid the region as their transits have declined by over 80%.
For those that elect to transit via the Red Sea, ships are also using AIS to broadcast deterrence messages in addition to standard security protocols.
Fabrice Maille, Global Head of Shipping at LSEG, comments: “As we saw with the grounding of the Ever Given in 2021, the importance of the Suez Canal and the Red Sea to global trade cannot be understated.
“The impact of this conflict is therefore considerable leading to very difficult decisions to be made regarding financial costs and security risks.
“Our customers are bringing together a vast array of data points from insurance premiums, average speed, and even AIS messages aimed at threats, in real-time, to mitigate these risks effectively. Their feedback is also helping us develop tools and solutions to help respond to future crises.”
Source: LSEG
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
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Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
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