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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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Friday, 15 February 13
SCRAPPING TO RISE AS BULKER OWNERS SUFFER - DREWRY MARITIME RESEARCH
Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk ma ...
Thursday, 14 February 13
HANDY: ATLANTIC "STABLE"; PACIFIC "QUIET" - FEARNLEYS
Handy
The Atlantic remain stable with rates for FH from USG around USD 18k. The Pacific remains quiet due to Chinese New Year holidays. Rates were ...
Thursday, 14 February 13
BIMCO FORECASTS MOSTLY HIGHER DRY BULK RATES FOR THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Higher steel demand is expected to keep dry bulk rates elevated during the next six weeks, according to the latest BIMCO forecast. The Organization ...
Wednesday, 13 February 13
6TH ANNUAL CBM CONFERENCE
The 6th Annual CBM conference which will be held in Singapore on 18-21 June 201 offers comprehensive insights into leading CBM projects in the Asia- ...
Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
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- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
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