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Friday, 04 August 17
IMPORTED COAL CONTINUES TO BE A COMPETITIVE, SAFE AND RELIABLE ENERGY SOURCE FOR GERMANY - VDKI
 COALspot.com: Worldwide hard coal production in 2016 declined by 3.8% to 6.7 billion tonnes.
According to the Germany Coal Importers Association, the decrease was caused primarily by developments in China (-185 million tonnes) and the USA (-147 million tonnes). The shale gas boom was not the only factor playing a role in the USA. From the world market perspective, the USA is a supplier with relatively high costs, putting pressure on the industry. In China, the central government has begun shutting down unsafe and expensive mines. China’s imports rose to 124 million tonnes, however, especially as compensation for the production cutbacks resulting from limitations in working hours.
Existing generation capacity for imported hard coal is still best backup for the energy turnaround - VDKi
The coal importers association of Germany further said, if these two effects were excluded, world hard coal production would have risen by 64 million tonnes and not dropped by 268 million tonnes. Hard coal production rose in Colombia (+5.8%), Russia (+2.9%), Australia (+2.9%), India (+2.1%) and Indonesia (+1.2%). The rise in production in these countries is evidence that there are still countries with a growing demand for coal. While India produces a substantial part of its own demand, although nevertheless importing significant quantities from the world coal market, there are a number of ASEAN countries that are triggering a demand on the world coal market because of the demand for supplies to newly constructed hard coal-fired power plants.
The association further noted this is also why seaborne trade with steam coal dipped by only 0.7%. Seaborne trade with coking coal, on the other hand, shrank by 5.2%. The bottom line is that seaborne world trade declined by 1.8% from 1,135 million tonnes to 1,115 million tonnes. There was a significant slowdown in the drop in comparison with the previous year (-8.5%).
Imported coal continues to be a competitive, safe and reliable energy source - VDKi
This also put an end to the slump in coal prices. Compared to the lowest points, the price for steam coal had at one point doubled, and the price for coking coal had even trebled. This temporarily led to a shift in the competitive position of hard coal versus natural gas for power generation. In the meantime, prices have again dropped. Both of these temporary price movements were overreactions that resulted from the production cutbacks being implemented in China.
Germany Coal Importers Association strongly believe that the Imported coal continues to be a competitive, safe and reliable energy source in Germany. Since renewable energy sources alone cannot guarantee a secure supply, thermal power plant output will continue to be a critical pillar for a longer period of time. Hard coal is an ideal partner – the countries of origin are distributed all around the globe so that supplies are safe from crises. Nor can zero emissions be achieved using natural gas. If the German energy turnaround is to continue its success, it must be implemented in other sectors as well. In 2016, CO2 emissions rose in road traffic and for heating. The strongest growth in CO2 emissions came from the use of natural gas (9.5%).
Think tank: use of hard coal capacity more flexible than generally known - VDKi
Sector coupling will lead to a growing need for backup capacities to an even higher level than today so that the fluctuating supply from renewable energy sources can be compensated. It is economically efficient to use existing power plant capacities for this purpose, whether they are fired by coal or natural gas. The think tank Agora Energiewende recently determined that coal is much more flexible than is generally known. And coal is a bargain. European emissions trading will be a dependable method for reaching the CO2 reduction targets. A CO2 minimum price only makes the energy costs for German industry higher.
The conclusion: hard coal will be needed for a much longer time than many believe. Supplies are secure, the fuel can be used flexibly and is a bargain because it is subject to constant competition – to the benefit of consumers, Germany Coal Importers Association concluded.
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Friday, 13 October 17
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS OF 2017 TOTALED 51 MMST; UP 62% YOY, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million shor ...
Thursday, 12 October 17
THERMAL COAL PRICES IN EUROPE AND ASIA PUSHING HIGHER - DANIEL HYNES
Coal markets took the lead from the oil market, with thermal coal prices in Europe and Asia pushing higher says Daniel Hynes,Senior Commodity Strat ...
Wednesday, 11 October 17
2020 DEBATE AT IBIA'S LISW EVENT: COMPLIANCE & ENFORCEMENT – IT'S COMPLICATED : IBIA
There is no doubt about the start date for the 0.50% marine fuel sulphur limit in MARPOL Annex VI, but questions remain around how it will be enfor ...
Wednesday, 11 October 17
SHIPPING MARKET INSIGHT - TIMOS PPADIMITRIOU
With the majority of second-hand tonnage transactions taking place in the dry bulk sector it’s easy to lose sight of what is happening over a ...
Tuesday, 10 October 17
DELIVERY OF CARGO WITHOUT ORIGINAL BILLS OF LADING - UK P&I CLUB
KNOWLEDGE TO ELEVATE
- It is common in a lot of trades, whether bulk or oil, to accept a Letter of Indemnity (“LOI”) for non-produ ...
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Showing 1916 to 1920 news of total 6871 |
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- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- VISA Power Limited - India
- ASAPP Information Group - India
- White Energy Company Limited
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Australian Coal Association
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
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