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Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
 COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at other times with unexpected development," said Dr. Cieslik, Chairman of the board of German Coal Importers Association, on the occasion of association's New Year's reception on 20th January 2012 in Hamburg.
According to Dr. Cieslik, coal in Germany as well as in Europe is faced with an increasingly hostile environment during 2011. Internationally, however, the world looks much different for coal. So let us take a look now at the world market for coal.
The World Market for Coal
"The initial overview indicates that worldwide production will remain more or less at the previous level totalling 6.7 billion tonnes. The main reason for this is the loss of production in the coking coal sector in Queensland because of the flooding in this region caused by weather conditions at the beginning of 2011," Chairman said in his speech.
The world seaborne coal market recorded growth in the coking coal sector because of the activity of the steel industry and in the steam coal sector and will probably have risen by about 5% from 963 million to more than 1 billion tonnes.
Despite the banking and financial crisis, the steam coal market continued to grow, although it slowed to some degree. Demand rose on both the Atlantic and Pacific markets, above all from China.
There was also growth in the coking coal market, which rose by 22 million tonnes or almost 9% to 242 million tonnes. The lower demand on the Pacific market was a small surprise, but it was more than compensated by the significance increase in Atlantic demand, chairman highlighted in his speech.
The price level for steam coal remained stable at a high level in 2011, ranging between US$115/t and US$125/t.
The heavy rains and the subsequent flooding in large areas of Queensland in Australia initially caused an explosive price increase on the spot markets, especially for coking coal, to more than US$300/t for coking coal. However, the decline in steel production worldwide caused by economic conditions in the second half of 2011 also repressed the demand for coking coal, leading in turn to pressure forcing prices downward during the last quarter of 2011.
Australian premium coking coal fell to US$230/t.
Freight rates remained in a range of US$10- US$25/t for the benchmark route Richards Bay-Rotterdam during 2011. The market is characterised by overcapacities and the related pressures on prices and competition.
Germany
According to a provisional report from the Arbeitsgemeinschaft Energiebilanzen, primary energy consumption in Germany declined by about 5% to approximately 457 million TCE because of the mild weather conditions.
The consumption of hard coal at just under 57.5 million TCE declined slightly by 0.7% in comparison with the previous year and so was not able to record any significant growth in 2011 following the substantial increase in 2010. A particular cause is the decline in its use for power and heating generation of -2.5%.
There are many good reasons for coal
According to Chairman, there are many good reasons for coal in Germany
1.New facilities such as the hard coal-fired power plants with capacities of 8,400 MW now under construction are being equipped with the best available technology and high standards of efficiency; almost all of them have been designed as large power-heat coupling plants, assuring a very high degree of fuel exploitation.
2.New installations are replacing old power stations with lower degrees of efficiency and, specifically, higher CO2 emissions.
3.New installations are being designed so that they can accommodate CCS systems.
4.Power generation from coal will be needed as a transitional technology for at least the next 30-40 years, not least to compensate for fluctuations in the feed-in from renewable energy sources.
5.Coal production is globally spreaded.
Keynote speech by Dr Cieslik, Chairman of the board of German Coal Importers Association, on the occasion of Association's New Year´s Reception on 20th January 2012 in Hamburg.( We published part of Chairman's speech)
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Wednesday, 01 February 12
2% OF IBPS TOTAL CONCESSION AREA CONTAINS TOTAL COAL RESOURCE OF 56.1 MILLION TON
COALspot.com - PT. Britmindo, a mine consulting firm, has finalized PT. Insani Bara Perkasa (IBP) first JORC (Joint Ore Reserves Committee) res ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
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- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- The University of Queensland
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Planning Commission, India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
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