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Tuesday, 30 July 13
HARD COAL ON THE WAY TO BECOMING THE WORLD'S MOST IMPORTANT ENERGY SOURCE - VDKI
 Press Release : Hard coal continued to be the world’s fastest-growing fossil primary energy source in 2012. It covered about 28% of the world's demand for primary energy, totalling 19.1 billion TCE. The Asian-Indian region above all utilised electricity from coal-fired power plants to promote its growth. Production rose by 208 million tonnes or 3% to about 7.2 billion tonnes in 2012. The lion’s share is attributable to China, which accounts for over 50% of production and 21% of global energy consumption. Five Pacific countries (China, India, Australia, Indonesia and Vietnam) account for approximately 70% of global hard coal production.
In its latest medium-term energy forecast for 2012-2017, the International Energy Agency (IEA) predicts that coal could replace oil as the most important source of energy in five years. The IEA furthermore estimates that the global increase in coal consumption will also continue to increase by an average of 2.6% p.a. over the next five years. India, not China, will be the country with the most significant increase in coal consumption, potentially making it the biggest coal importer. Hard coal will thus retain its dominant position. In OECD countries, the IEA forecasts a slight decrease in coal consumption by 0.8% p.a. until 2017, but an increase of 3.9% in non-OECD countries.
Primary energy consumption in the 27 EU countries fell from 2.46 billion TCE to 2.37 billion TCE (-3.7%) due to the stagnant economic situation. The proportion of coal increased from 16% to 19%, despite expansion of renewable energy sources, but at the expense of gas. In Europe, hard coal production fell by 1 million tonnes to 128 million tonnes, of which 78 million tonnes was attributable solely to Poland, 17 million tonnes to the UK and 12 million tonnes to Germany.
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Seaborne world trade in hard coal continues to increase. The world market for hard coal (seaborne trade and internal trade) in 2012 grew by 122 million tonnes or around 12% to 1,164 million tonnes. In 2012, seaborne trade in hard coal increased by 104 million tonnes to 1,082 million tonnes (+11%), and internal trade even increased by 28% or 18 million tonnes to 82 million tonnes. Total world trade in hard coal in 2012 reached 1,164 million tonnes, significantly passing the billion-tonne mark for the second time. Whilst the coking coal market only saw an increase of 17 million tonnes to 256 million tonnes due to the stagnant to shrinking steel market, the steam coal market grew by 12% or 87 million tonnes to a total of 826 million tonnes. The increase in internal trade is primarily attributable to exports from Mongolia to China and from Kazakhstan to Russia.
Additional slight growth in the demand for overseas coal, above all in Asia, isexpected for 2013. As the world economic outlook, particularly in OECD countries, isotherwise rather restrained, a fall in prices for steam coal, coking coal and coke hasbeen observed since the beginning of the year.
Coal imports into Germany in 2012 took advantage of German electricity exports to neighbouring countries - hard coal consumption rose by a total of 3.1%.
Power generation and the steel industry caused to different consumption of coal. Whilst the consumption of coking coal and coke fell by 10% from 17.1 million tonnes to 15.4 million tonnes, there was an increase in the use of steam coal by 6.1% to 40.1 million TCE and on the heating market by 0.1 million TCE to 1.5 million TCE.
Imports to Germany only slightly down in 2012. Imports of hard coal totalling 47.9 million tonnes were only slightly lower than in 2011 (48.3 million tonnes), of which steam coal accounted for 35.3 million tonnes (+1.1 million tonnes), coking coal for 9.6 million tonnes (-0.4 million tonnes) and coke 3 million tonnes (-1.2 million tonnes).
As there has been no change in the economic weakness affecting the steel industry, imports will not increase in 2013. We estimate that the demand for steam coal will remain at the 2012 level as a result of the favourable clean dark spread compared to gas and the further decline in German hard coal mining.
Hard coal imports totalling around 46 million tonnes are therefore anticipated for 2013.
The Association of Coal Importers (VDKi)
The VDKi represents the interests of the German market for imported hard coal. The German and European members are from the sectors of the power industry, industry, trade and logistics. The Association currently has 76 members who consume about 83% of German demand for hard coal amounting to approximately 57 million tonnes in their facilities. In 2012, imported coal covered 73% of coal sales in Germany. The VDKi represents the overwhelming share of the hard coal market (German and imported hard coal) in Germany, with a financial volume running into billions. Further information can be found at www.verein-kohlenimporteure.de .
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Thursday, 13 June 13
HANDY: SHORT PERIOD WERE FIXED AT AROUND USD 9000 LEVEL
Handy
Despite falling rates for bigger sizes, the Supras in Atlantic are seeing some improvements with fresh biz. US Gulf positions fetching tick a ...
Thursday, 13 June 13
BIMCO EXPECTS SUBDUED CAPESIZE EARNINGS FOR THE COMING WEEKS - HELLENIC SHIPPING NEWS
Bulk is not only about China even though it is a key driver. In this section, we have taken a closer look at the European seaborne coal markets, whi ...
Thursday, 13 June 13
RIO TINTO AGREES SALE OF EAGLE PROJECT FOR AN ESTIMATED US$325 MILLION IN CASH
COALspot.com - Rio Tinto has reached a binding agreement to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in c ...
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 Germa ...
Wednesday, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian ...
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- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Australian Coal Association
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- White Energy Company Limited
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
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