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Friday, 05 January 18
COAL DEMAND TO REMAIN FLAT TO 2022, RESULTING IN A DECADE OF STAGNATION - IEA
 Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s annual coal market report.
Global coal consumption fell 1.9% to 5,357 million tonnes of coal equivalent (Mtce) last year, the second year of decline, because of lower gas prices, a surge in renewables and improvements in energy efficiency, according to Coal 2017. Coal demand is down 4.2% over the last two years, nearly matching the two-year decline in the early 1990s, which remains the biggest recorded drop since the IEA started compiling statistics more than 40 years ago.
By 2022, global coal demand is expected to reach 5,530 Mtce, the same as the average of the last five-year period, and meaning that coal use will have had a decade-long period of stagnation.
The share of coal in the global energy mix is forecast to decline to 26% in 2022, from 27% in 2016 because of sluggish demand compared with other fuels. Although coal-fired power generation increases by 1.2% per year through 2016-22, its share of the power mix falls to just below 36% by 2022, which would be the lowest level since IEA statistics began.
“The energy system is evolving at a rapid pace all around us, with a more diversifying fuel mix, and the cost of technologies going down,” said Keisuke Sadamori, the International Energy Agency’s director for energy markets and security. “But while everything else is changing, global coal demand remains the same.”
Coal demand dropped in China, the United States and the European Union in 2016, but increased in India and across many parts of Southeast Asia, and shows no signs of slowing down. For instance, despite the rapid growth in renewables, Indian coal-fired power generation is expected to grow almost 4% a year through 2022.
While India will be increasingly important to global coal markets, China will remain the key driver. The potential for coal demand growth in China is limited, but the country’s supply-side reforms will be critical factors for coal prices in the coming years. Meanwhile, the European Union, accounting today for just 6% of global demand, is set to become an increasingly marginal player.
The IEA highlights that urgent action is needed to support Carbon Capture, Utilisation and Storage (CCUS) technologies, which made important strides last year but still lags far behind other low-carbon technologies. There is a broad agreement among energy leaders from both government and the industry that urgent action is needed to support CCUS, without which the climate challenge will be much more difficult to tackle.
This is why the IEA is working to give a new momentum to this essential technology, and is committed to pushing the global dialogue forward. In November 2017, it organised a global CCUS summit in Paris that was co-chaired by US Secretary of Energy Rick Perry and IEA Executive Director Dr Fatih Birol, bringing together more than 20 countries and CEOs of the world’s top energy companies to focus on this technology.
“This serves as a critical reminder why technologies like CCUS are so important, and why governments and companies need to step up their policy support and investments in that sector in order to meet global climate goals,” said Mr. Sadamori. “Indeed, without CCUS, coal use will be seriously constrained in the future.”
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Friday, 07 October 16
CEYLON SHIPPING CORPORATION HAS TAKEN DELIVERY OF COAL CARRIER MV.CEYLON PRINCESS
Sri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal to pow ...
Friday, 07 October 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 540.5 MMST; DOWN 21.9% Y-O-Y, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.7 million short ton ...
Thursday, 06 October 16
SHIPS IN PACIFIC ACHIEVE JUST ABOVE $10K DAILY FOR A BRAZIL ROUND VOYAGE - FEARNLEYS
Supramax
Slower week with limited activity due to holidays in the East. Mixed feelings within different markets, with slight downturn in Pacific ...
Wednesday, 05 October 16
OPEC TO SHUT OFF MORE THAN 6 PERCENT OF ITS PRODUCTION; MIXED FEELING AMONGST TRADERS - ALLIED
OPEC recent accord to shut off more than 6 percent of its production this past week has been met with mixed feeling amongst traders. As we mo ...
Wednesday, 05 October 16
SHIPPING MARKET INSIGHT
On September 27th the OPEC petroleum and energy ministers arrived in Algeria to attend the International Energy Forum, which brought together produ ...
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- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Australian Coal Association
- The Treasury - Australian Government
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
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