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Saturday, 23 March 13
WORLD COAL TRADE FIRST PASSES 1 BILLION TONS IN 2012 - VEREIN DER KOHLENIMPORTEURE E.V
 Press Release: Hard coal imports to Germany on the previous year's level in spite of regenerative energies. Imports for power plants at an all-time high.
The Verein der Kohlenimporteure e.V. performed an initial preliminary assessment of the development of the global hard coal market and the German import hard coal market based on comprehensive evaluations and own calculations.
The final figures can only be published in the annual report of the VDKi at the middle of the year. Managing Director of the VDKi, Dr Erich Schmitz, on this: "We want to contribute to objectification of the energy politics debate with figures, data, facts and backgrounds. For decision makers in the industry and energy management, not only the development of regenerative energies but mainly that of hard coal on the global market, in Europe and in Germany is of great interest".
Global Hard Coal Production
The global hard coal production should have exceeded the 7 Billion tons threshold for the first time in total. According to the VDKi, this development is essentially influenced by unimpaired production in Australia after the problems caused for months by flooding of Queensland in 2011. The VDKi believes that this led to an increase of production by 35-40 M t.
China likely also increased its production by another 50 to 60 M t for power generation in Chinese power plants. Apart from this, the image of the main production countries differs: South Africa could increase production by 8 to 10 M t and Colombia by 4-6 M t. Additionally, there are considerable new productions from Mongolia and Mozambique. In other countries, such as Indonesia, in contrast, hard coal production stagnates. Frequent reasons for this are strong rains that lead to temporary failure of production.
The production in the USA has clearly reduced. In consideration of the competition for the cheap shale gas, various hard coal deposits and high inner-American transport costs, there is hardly any chance to economically produce coal. Added to this are stricter environmental provisions that lead to partial relocation of power generation from old coal-fired power plants to gas-fired power plants near the shale-gas deposits. The reduction on the US home market was partially compensated for by greater exports. Due to the quantity pressure, steam coal was partially sold below the spot market price, which in turn had a price-dampening effect on the global market price. Germany hard coal consumers have profited from this development.
Global Seaborne Hard Coal Trade
Seaborne trade in hard coal exceeded the billion threshold for the first time in 2012 (previous year 978 M t). All in all, the VDKi has calculated that about 1,050 Bn. t of hard coal were transported by ship, corresponding to an increase of 72 M t or 7%. Internal trade is added to this. According to preliminary calculations of the VDKi, in particular Australia exported more than in 2011 at about 35 M t (or 12 %). Russia follows at + 18 M t (or 12%), the USA at + 16 M t (+ 20%) and South Africa at + 8 M t (or 13%). In contrast, China exported less, at - 5 M t (- 36%), as did Vietnam at - 2 M t (- 11%).
Hard Coal Imports to Germany
According to first evaluations, nearly as much hard coal, including coke and anthracite, (48 M t) as in the year before (48.4 M t) was imported to Germany. While the coking coal and coke imports for the steel industry reduced by nearly 1.5 M t due to development of the economy, more coal than ever was imported for the power plants (nearly 35 M t).
The imported hard coal of nearly 48 M t is structured as follows by countries of origin:
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Almost 20% more coal than in 2011 was imported from the USA (nearly 10 M t) - at 11.5 M t, Russia was once again the most important coal exporter for Germany. Colombia, still the second-most important coal supplier for Germany in 2011, dropped to place three at 9.4 M t. (- 13%). The importance of South Africa for the German hard coal import is declining. At nearly 2 M t, about 25% less coal was imported from South Africa in 2012. The country increasingly aligns its market towards Asia.
All in all, the manager comments on this pleasant development with mixed feelings: "Contrary to expectations, the utilization of German hard coal in power plants was pleasantly high. Of course we were happy about the high imports that resulted. The coverage contributions achieved by this, however, are not sufficient during many hours of the day. The low CO2-certificate price, the dropped global market prices for coal and the still-high gas prices have helped the power plants in the Merit-Order, but the power generated was mainly exported to Holland, France and Denmark, since the high PV and wind power in feed caused a price drop at the German electricity exchange specifically during the peak hours that were so important for the coal-fired power plants, that importing power was more economically efficient for the neighboring countries than generating it.
The prices at the German electricity exchange EEG, however, are partially not even sufficient to balance out the fuel costs. The system of a regulated market with EEG compensation and priority in feed for regenerative energies on the one hand and power marketing from conventional power plants in a competitive market on the other hand does not go over well. We urgently require a new power market design in which the regenerative energies must align themselves in a market-oriented manner after 15 years of liberalization on the electricity market."
Source: Verein der Kohlenimporteure e.V. (Germany Coal Importers Association)
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Sunday, 31 March 13
COAL FREIGHTS ARE IN FLAT TO WEAK TREND - VISTAAR
COALspot.com - This freight market after several weeks of firming up seemed to lose steam and this week all the indices were down except for handy s ...
Friday, 29 March 13
SUB-BIT INDONESIA COAL SWAPS: UP 0.55 % WOW; CFR SOUTH CHINA COAL CONTRACT: UP 0.23 % WOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.55 percent and CFR South China coal shipment&nbs ...
Thursday, 28 March 13
SHIP OWNERS KEEN ON ACQUIRING SECOND HAND TONNAGE, AS WELL AS NEW BUILDINGS IN CONVENTIONAL SEGMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent rally of the Baltic Dry Index (BDI), coupled with renewed optimism, at least in some parts of the wet market, have prompted many ship own ...
Wednesday, 27 March 13
PTBA HAS CONCLUDED US$ 16.14 BILLION WORTH OF COAL SALES AND PURCHASE AGREEMENT WITH PLN
COALspot.com - PT. Bukit Asam, a 32 years old Indonesian state owned coal miner has signed a coal sales and purchase agreement with PT PLN, (a state ...
Wednesday, 27 March 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry recovered to their highest level for two years in the three months ended February 2013, according ...
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- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- PTC India Limited - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- IEA Clean Coal Centre - UK
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