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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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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 Associati ...
Thursday, 03 August 17
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE GETTING FIXED AROUND MID $8000 - FEARNLEYS
In the Pacific rates have remained weak and under pressure this week with most routes softening.
Indo/China coal rounds are getting fixed arou ...
Thursday, 03 August 17
BUMI RESOURCES COAL SALES RELATIVELY FLAT AT 41.5 MILLION TONS IN 1H' 17; REPORTS US$162.3 MILLION PROFIT IN FIRST SEMESTER
COALspot.com: The BUMI Resources, Indonesia’s one of the largest coal producer, has reported a net income of $162.3 million in 1H’ 17 c ...
Wednesday, 02 August 17
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
During the duration of the first half of the year, the dry bulk market saw intense buying interest that boosted SnP prices significantly. We saw a ...
Monday, 31 July 17
KOMIPO INVITES BIDS FOR 750K MT OF 5,700 KCAL/KG NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 750,000 Metric Tons of Bituminous coal for its B ...
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Showing 1986 to 1990 news of total 6871 |
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- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Planning Commission, India
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
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