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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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Monday, 31 July 17
THE PORT OF NEWCASTLE SHIPPED 17.08 PERCENT LESS COAL IN JUNE 2017 COMPARED TO ITS MAY LOADING
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1,442.8 ...
Monday, 31 July 17
THE FREIGHT MARKET DECLINE THIS PAST WEEK
COALspot.com: The Freight market decline this past week compared to the previous week, as BDI and Panamax indexes show a negative trend week over w ...
Friday, 28 July 17
U.S. WEEKLY COAL PRODUCTION UP 1.4% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tonn ...
Thursday, 27 July 17
CAMPBELL SHIPPING APPOINTS ISS FOR GLOBAL HUSBANDRY REPRESENTATION SERVICES CONTRACT - ISS
COALspot.com: Inchcape Shipping Services (ISS) is delighted to announce that it has secured a global husbandry representation contract with Campbel ...
Thursday, 27 July 17
A VOLATILE WEEK IN THE CAPE MARKET - FEARNLEYS
Supramax
The black sea still performing well although bit fewer fixtures concluded/reported. Rates lie somewhere around 18 -19 on front-haul . Bo ...
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Showing 1991 to 1995 news of total 6871 |
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- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Siam City Cement - Thailand
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
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