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Thursday, 13 June 13
HARD COAL IMPORTS RISE SHARPLY IN GERMANY IN Q1 2013 - COAL IMPORTERS ASSOCIATION
 Coal-fired Power Plants in Germany: Pillars of the Grid and the Energy Turnaround; Hard Coal Consumption and Hard Coal Imports Rise Sharply in Germany in Q1 2013
COALspot.com - The Coal Importer Association (Verein der Kohlenimporteure e.V., VDKi) of Germany presented the initial figures from the world hard coal market and the German hard coal import market for Q1 2013 at its annual Members’ Assembly, held in Hamburg.
During his report to the members, Dr Wolfgang Cieslik, the Coal Importer Association’s CEO and executive officer at Steag GmbH, spoke about current topics of interest for the energy economy.
World Hard Coal Consumption
The rise in world consumption of hard coal in 2011 by 2.3% (= 380 million TCE) to 17.3 billion TCE was primarily a consequence of the rise in hard coal consumption of about 5% (= 240 million TCE) to 5.5 billion TCE. The VDKi expects yet another worldwide increase in hard coal consumption of about 300 million tonnes, corresponding to growth of over 5%, for 2012.
When it came to predictions for 2013, the Coal Importer Association showed its cautious side: economic outlook for 2013 tends to be rather reserved for the OECD, and even the economies in the Asian countries, previously the driving factor behind the dynamics, have lost some of their impetus. The recession is apparently taking hold in Europe and has reached Germany as well. As a consequence, the Coal Importer Association determined stagnation or only a slight rise in the demand for electric power at the end of Q1 as well as a decline in iron and steel production in the Pacific region.
According to the estimates by the Coal Importer Association, seaborne global hard coal trade grew by only 47 million tonnes (slightly over 4%) during the first three months of this year.
Europe and Germany
The situation appears rather different in Europe. Essentially, Europe currently has large surpluses. The only contrary trend is that the declining hard coal output in Germany, Spain and Poland is being compensated in part by imports. However, the recession, above all in the Southern European countries of the euro zone which are still in crisis, has caused lower power consumption. The long winter and the lower clean dark spread (costs for coal, freight and CO2 certificates) in comparison with the clean spark spread (costs for gas, transport and CO2 certificates) favour coal imports to Europe, especially to Germany, the UK, Spain and Italy.
On the other hand, the continued growth in the feed-in of power from renewable energy sources, especially from photovoltaics, in Germany, Italy and Spain could have a dampening effect on the demand for coal, especially in the summer months. In this respect, the utilization of steam coal is increasingly becoming an inverse function of the amount of sunlight.
Nevertheless, the results from the first quarter of 2013 for Germany give the VDKi reason to be cautiously optimistic:
-- Power generation from hard coal-fired power plants in Germany rose by an estimated 3 TWh to about 42 TWh;
-- According to data from the AGEB, hard coal consumption for power generation rose by 14.5% to 14.5 million TCE;
-- Provisional calculations from the Coal Importer Association shows that the import of steam coal increased by about 2 million tonnes to over 10 million tonnes;
-- Gross power export rose by almost 70% in comparison with the same period of the previous year to 21 TWh; less imports, there is still an export surplus of 12 TWh, generated primarily in hard coal-fired power plants.
In his remarks on the energy business, the CEO paid special attention to the future role of hard coal-fired power plants for the energy turnaround.
“They are not only indispensable for the energy turnaround, they are in actual fact the true pillars of the grid, and will remain so today and tomorrow. This has been unambiguously documented in the Prognos study commissioned by the Coal Importer Association. Starting from the basis of the targets set forth by the German government, the study comes to the conclusion that the thermal hard coal-fired power plants and their dependable availability will remain the foundation of power supply security even in 2050, despite the growing generation of power from wind and photovoltaic farms.” But Cieslik warned against becoming too euphoric.
According to Cieslik, “The thermal power plants urgently need a new power market design within a functioning energy-only market. The current market design distorts competition, featuring as it does subsidies of renewable energies via the EEG and the right to prioritised feed-in regardless of the actual demand for power, and puts thermal power plants at a competitive disadvantage, posing a genuine threat to their continued operation and evolvement for the security of supplies and the affordability of power.” Since politicians are generally aware of this and enough proposals for a revision of the power market, in particular the introduction of capacity markets, have been put on the table, Cieslik is calling for the political world to come up with a new power market design, one which also includes a reform of the EEG.
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Regarding the countries of origin, strikes and other supply disruptions in Colombia significantly shifted the relationships among procurement sources during the first quarter. 31% of all hard coal was procured from Russia, followed by 23% from the USA. Colombia, the second-most important coal supplier for Germany in 2012, fell to third place and provided only 14%. The significance of South Africa for German hard coal imports improved again to 9%.
Source: Coal Importer Association, Germany (Verein der Kohlenimporteure e.V., VDKi)
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Saturday, 13 April 13
THE FREIGHT MARKETS EXPECTED TO HOLD FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - This freight market firmed up this week and all sectors were up except for Supramax index.
The BDI was up by 1.62 pct closing at 8 ...
Friday, 12 April 13
DRY BULK SHIP OWNERS DEVELOPED NEWFOUND APPETITE FOR BULKERS DURING FIRST QUARTER OF 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's official; more and more ship owners operating in the dry bulk market appear to have developed a newfound optimism in the market's prospects. ...
Thursday, 11 April 13
HANDY: INDO - INDIA NOW BEEN REPORTED AT APS BASIS AT USD 10K+BB 85K - FEARNLEYS
Handy
The Atlantic markets remain with not many cargoes seen this week. The USG-Feast was at USD 18k and Black Sea-Feast was at USD 12k. The Pacifi ...
Thursday, 11 April 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 15.96 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,545,914 tons of thermal and coking coal for week ended 0700 hours 8 April 2013, Newcas ...
Thursday, 11 April 13
TNEB HAS OPENED 4.2 MILLION TONS IMPORTED COAL TENDER
COALspot.com - TANGEDCO, the state run utility TANGEDCO (formerly known as TNEB), Tamil Nadu state owned electricity company has opened bids to purc ...
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- The University of Queensland
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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