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Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
 COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’s top energy source, the International Energy Agency (IEA) said today as it released its annual Medium-Term Coal Market Report (MCMR).
According to IEA, coal’s share of global energy mix to continue rising, with coal closing in on oil as world’s top energy source by 2017.
IEA’s Medium-Term Coal Market Report sees coal demand increasing in nearly every region of the world except US, where shale gas is displacing coal
The report further said, although the growth rate of coal slows from the breakneck pace of the last decade, global coal consumption by 2017 stands at 4.32 billion tonnes of oil equivalent (btoe), versus around 4.40 btoe for oil, based on IEA medium-term projections. The IEA expects that coal demand will increase in every region of the world except in the United States, where coal is being pushed out by natural gas.
“Thanks to abundant supplies and insatiable demand for power from emerging markets, coal met nearly half of the rise in global energy demand during the first decade of the 21st Century,” said IEA Executive Director Maria van der Hoeven.
“This report sees that trend continuing. In fact, the world will burn around 1.2 billion more tonnes of coal per year by 2017 compared to today – equivalent to the current coal consumption of Russia and the United States combined. Coal’s share of the global energy mix continues to grow each year, and if no changes are made to current policies, coal will catch oil within a decade.”
According to report, China and India lead the growth in coal consumption over the next five years. The report says China will surpass the rest of the world in coal demand during the outlook period, while India will become the largest seaborne coal importer and second-largest consumer, surpassing the United States.
The report further said, as US coal demand declines, more US coal is going to Europe, where low CO2 prices and high gas prices are increasing the competitiveness of coal in the power generation system. This trend, however, is close to peaking, and coal demand by 2017 in Europe is projected to drop to levels slightly above those in 2011, due to increasing renewable generation and decommissioning of old coal plants.
Amid concern about the impact of Chinese uncertainty on coal markets, the report offers a Chinese Slowdown Case. This scenario shows that even if Chinese GDP growth were to slow to a 4.6% average over the period, coal demand would still increase both globally and in China – indicating that coal demand is not likely to stop growing even with more bearish economic perspectives.
Indonesian coal will be benefitted for at least next five years, as China and India to lead the growth in coal consumption. Chinese and Indian buyers always prefered for Indonesian coal due to availability of multi-grade coal and freight benefits.
The current the low coal prices is expected to be turn around to positive once the China and India return to its normal demand level.
Year 2013, is expected to be seller’s year once China and India back to market with their inquiries and coal producing countries control their coal output.
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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
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- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Australian Coal Association
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
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