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Wednesday, 09 August 17
THE KEY IMPORTERS OF U.S. COAL FOR THE FIRST FIVE MONTHS OF 2017 ARE THE NETHERLANDS, INDIA AND JAPAN - PETER SAND, BIMCO
 US seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in a row. The increase in total volume is predominantly driven by a growing demand from European importers. East Asian buyers have also ramped up their import of US coal, which is beneficial for the dry bulk shipping industry as it generates a substantial amount of tonne-miles, relative to other destinations.
BIMCO reported back in December 2016, that the tonne-miles from US coal exports halved over three years due to long-haul routes carrying coking coal to East Asia not operating to the same extent and diminishing demand from Europe. After reaching the lowest levels for exported coal in Q3 2016 since Q1 2007 in terms of total volumes, US coal exports now look to return to recognisable heights and become a dominant player in global seaborne coal transport once again.
Peter Sand, Chief Shipping Analyst of BIMCO noted, a rising US coal trade has a multiplying effect on the dry bulk shipping industry, as it provides some of the longest sailing distances. East Asian importers source 78% of their US coal from Norfolk, Virginia and Baltimore, Maryland and thereby accept a journey of up to 45 sailing days at an average speed of 13 knots (14,000 nautical miles)”.
US coal exports are up 54% in total volume and 60% in terms of tonne-miles for the first five months of 2017 compared to the same period last year. As the average sailing distance has grown more than total volume, it emphasises how the US has exported more to importers further away, primarily to East Asian destinations.
Europe imports the highest volume while East Asia generates the most tonne-miles
The main importers of US coal for the first five months of 2017 are the Netherlands, India and Japan, importing 34% of all coal exiting the US via the sea. The most influential importers for the dry bulk shipping industry are India, Japan and South Korea, generating 46% of total tonne-miles, said Peter Sand,.
He furhter noted that, Europe continues to be the largest importer of US coal and has for the first five months of 2017 imported 44% of all US seaborne coal exports. Europe has sourced 4.7 million tonnes more coal from the US in the first five months of 2017 compared to the same period in 2016, which is an increase of 53%. US coal exports to Europe occupies both the panamax and capesize segment.
The Netherlands have, in the last 10 years, been the main importer of US coal both in Europe and on a global scale. Due to its shorter distance to the US East Coast compared to East Asian buyers, it has in the past 10 years only generated the fifth highest number of tonne-miles.
Accordign to Peter Sand, Chief Shipping Analyst of BIMCO, East Asian importers are the main reason why tonne-miles are growing more than total volume, despite only 19% of total US seaborne coal exports destined for East Asia in 2017. The East Asian imports of US coal surged 113% in the first five months of 2017 compared to 2016, amounting to an increase of 3.1 million tonnes. US coal shipments to East Asia generated 92% more tonne-miles in the first five months of 2017 compared to the same period in 2016. Japan is the most influential importer in terms of tonne-miles across the board, but it is only the seventh biggest importer on a global scale measured in volumes imported.
The Americas imported an additional 21% of US seaborne coal during the first five months of 2017 compared to the same period in 2016. This surge in total volume generated an additional 24% tonne-miles. The Americas have so far for 2017, imported 17% of all US coal exported via sea, but due to the geographical proximity to US ports, the Americas only generated 9% of the total tonne-miles, IMCO analyst said.
Higher US coal production but still close to lowest level since 1978
The US have produced 351 million tonnes of coal in the first half of 2017, this is an increase of 16% compared to the same period last year, amounting to an increase of 49 million tonnes. This year–on–year increase does not indicate a high production level compared to years prior to 2016, as the amount of coal produced in 2016 was the lowest level since 1978.
US coal consumption numbers released so far only cover the first four months of 2017, but show an increase of 6% compared to the same period in 2016. The production of US coal rose 16% in the same period. This amounts to a surplus of 32 million tonnes of coal for the first four months.
Peter Sand further added, “BIMCO expects Q2 2017 to go beyond the levels seen in Q1 2017 in terms of tonne-miles and deliver the highest second quarter demand in four years.
If US coal exports remain high throughout 2017 it will have a solid effect on the global seaborne coal trade and support the overall improvement in the dry bulk shipping industry”, Peter Sand, Chief Shipping Analyst of BIMCO concluded.
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Tuesday, 08 August 17
KOMIPO INVITES BIDS FOR 5200 AND 5700 NAR COAL FOR Q4 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 420,000 Metric Tons of Bituminous coal ...
Monday, 07 August 17
INDIA'S THERMAL COAL IMPORTS HAVE FALLEN BY 16% YEAR-ON-YEAR IN THE FIRST FIVE MONTHS OF THIS YEAR
COALspot.com: The second quarter of 2017 was characterized by volatility in the coal market driven by policy measures and weather disruptions say A ...
Monday, 07 August 17
BUMA SIGNED $385 MILLION WORTH OF NEW CONTRACT WITH PT PADA IDI
COALspot.com: PT Delta Dunia Makmur Tbk., has announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into min ...
Monday, 07 August 17
THE SHIPPING INDEXES BOUNCE BACK THIS PAST WEEK
COALspot.com: The Freight market rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ove ...
Friday, 04 August 17
U.S. WEEKLY COAL OUTPUT UP 4.4% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 16.1 million short tonn ...
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Showing 1981 to 1985 news of total 6871 |
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- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Central Electricity Authority - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- MS Steel International - UAE
- The University of Queensland
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
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