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Thursday, 06 August 15
HARD COAL AND COKE IMPORTS TO GERMANY REACH NEW ALL-TIME HIGH OF 56.2M TONES IN 2014
 Demand for German and imported hard coal In 2014, in 2014 fell by almost 8%, or 4.8m TCE, to 56.2m TCE.
According to German Coal Importer Association, this was caused mainly by the overall decline of 3% in power generation and the overall downward trend of 4.7% in primary energy demand, which accordingly also had an impact on hard coal. Another factor was the growing proportions accounted for by renewable energies. As in the previous year, demand for hard coal was satisfied by imports in the amount of some 86% and by domestic coal in the amount of 14%. Total imports of hard coal and coke reached a new all-time high of 56.2m tonnes in 2014, an increase of 3.4m tonnes, or 6%, in comparison with 2013.
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According to press note, the focal point of hard coal sales comprises power plants, which dominate demand with 69% (previous year: 71%) and the iron and steel industry with 28% (previous year: 26%). The heating market plays only a subordinate role with 3%. As regards steam coal, Russia, the USA and Colombia largely satisfied the import needs, while coking coal demand was covered by Australia with a 45% market share, the USA with 29% and Canada with 13% as the main supplier countries.
Clear downward trends are discernible in power generation from hard coal-fired power plants in 2014. The hard coal-fired power plants delivered 109 TWh, some 10% less power than in the previous year. This left hard coal with a share of just under 18% in the energy mix for 2014. But the other conventional types of power generation , too, had negative year-on-year results: lignite -3.2%, nuclear energy -0.2%, natural gas -13.7% and oil - 6.6%.
The balance in the power exchange (the total of exports less imports) came to around 36 TWh in 2014. This corresponds to an increase of 5% in comparison with 2013. The price advantage of coal compared with gas (the difference between the so-called "clean dark spread" less the "clean spark spread") fluctuated between 6 and 37 €/MWh last year. This favourable result for hard coal should not, however, blind one to the reality that almost all gas-fired and very many coal-fired power plants are now making losses and that power revenues are often insufficient to cover the fuel costs.
The VDKi takes a differentiated view of the statement in the white paper. The following should continue to be designated as the basis for market's further development into the energy market 2.0:
- security of supply
- cost efficiency
- innovation and sustainability.
These criteria have been satisfied by power generation from hard coal in the past and the present and will continue to be satisfied in the future. This makes the discrimination against hard coal, which could not have been made more obvious than in the new CHP regulations, impossible to comprehend. In addition to the fact that the expansion target of 25% is being subverted by a radical change in the basis, it is intended that only gas-fired CHP plants should be subsidised in the future. This is discriminatory and a deliberate damnification of highly efficient CHP from existing coal-fired power plants that contribute substantially to the reduction in CO2 emissions and fulfil the key requirements of the power market, said VDKi.
"We need a general framework that opens up a sustainable commercial perspective for hard coal for as long as hard coal continues to be allocated a central role for the safeguarding of renewable power generation, and therefore the success of the energy turnaround, for many years to come," said Dr Wolfgang Cieslik, VDKi CEO.
Despite the increase of 21% in steam coal imports in Q1 2015, the VDKi estimates that only 38m tonnes of steam coal and 53m tonnes of hard coal and coke in total, i.e. 5% less, will be imported during the whole of 2015.
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Friday, 14 August 15
CONDITIONS AND COMPLEXITIES IN A TRIPARTITE AGREEMENT: BE SPECIFIC! - INCE & CO
KNOWLEDGE TO ELEVATE
A tripartite agreement reached between the Owners, the Shippers and the Receivers provided that demurrage be paid to the ...
Thursday, 13 August 15
THE RATES FOR CAPES KEPT RALLYING LAST WEEK - INTERMODAL
COALspot.com: Strong Capesize performance kept supporting the Dry Bulk market last week, which noted another positive weekly closing, while rates f ...
Thursday, 13 August 15
FOB RICHARDS BAY COAL SWAPS CONTINUE FALLING
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week.
The 4Q swap was down US$ ...
Wednesday, 12 August 15
DRY BULK MARKET: WITHOUT A DOUBT REACHED HEALTHIER LEVEL
A few weeks before the end of the summer season, the BDI is hovering around 1,200 points, providing some much needed optimism to all Dry Bulk marke ...
Wednesday, 12 August 15
REGULATION CURBS POWER OF LOCAL AUTHORITIES IN MINING SECTOR IN INDONESIA - FLORENCE G. SANTOSO
The Indonesian Government appears to be getting serious about stripping Regents of the authority to issue mining licenses. The Government took the ...
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- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- PTC India Limited - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Parliament of New Zealand
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
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