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Tuesday, 06 March 18
LNG VESSELS HAVE EMERGED AS THE FASTEST GROWING SEGMENT FOR THE WATERWAY - GERRY LATHROP
 The day was July 25th 2016, a partly cloudy day on the Panama canal, and to most people a rather innocuous day without any real merit, however in shipping it marked the first of a momentous milestone, the day the first LNG vessel transited the new canal locks. The vessel was the Maran Gas Apollonia on charter to Shell, she had loaded her cargo from Sabine Pass LNG Terminal (the only LNG export terminal in the US) to discharge in Yantian, China said Gerry Lathrop, Research Analyst of Allied in his latest weekly report.
You may be asking yourselves, what is LNG? In shipping we have been hearing the acronym thrown around since at least the 1970s when the first LNG vessels were built, but a lot of people still don’t know exactly what it is. In essence, LNG is natural gas converted to liquid form by cooling it to an astonishing −162 °C at atmospheric pressure.
According to Gerry Lathrop, Natural gas is currently the fastest growing energy commodity according to data published in BP’s Energy outlook 2017, the authors expect the growth to average around 1.6% per annum between now and 2035. By sector, the largest contribution to consumption growth comes from the industrial sector, with combusted and non-combusted use accounting for 45% of growth, followed by power generation. According to BP, LNG imports to China are expected to supply around two thirds of the increase in imports, with pipelines of CNG from Russia making up the remainder.
Research Analyst of Allied further noted, since the opening of the Neo-panamax locks, LNG vessels have emerged as the fastest growing segment for the waterway. This month the Panama Canal Authority is expecting its 300th LNG vessel to transit the new Neo-Panamax locks. Currently of the 7 booking slots offered daily to Neo-panamax vessels, the canal authority allows one to be allocated to an LNG vessel each day. This is done so that the pilots at the canal can familiarize themselves and get experience, safely navigating these specialized vessels, as the canal authority expects the number of transits to increase significantly the coming years as the US ramps up its LNG production and exports. Currently Qatar and Australia are the largest exporters respectively making up almost 50% of total exports in 2016, according to data from IGU’s 2017 report. Most of this LNG was destined for the Asia-Pacific market. In total the Middle East exported 64.6 million tons to the area out of 91 million total tons. Similarly exports from the Asia-Pacific region to other Asian countries totaled 98 million tons out of 99.5 million total tons exported.
He further said, as of last year, Japan, South Korea, and China were the biggest importers of LNG making up more than 55% of total imports, with China noting the biggest increase in imports from year-on-year, about 6.9 million tons more than the previous year.
But how does this tie in with the US and more importantly the Panama Canal? In 2013 the total number of exports of LNG from North America (with the exception of re-exports) amounted to 0 tons, in 2014, that number rose to 0.3 million tons exclusively to Asia-Pacific. In 2015 that number stayed flat at 0.3, and then in 2016, that number almost doubled to 0.5m tons to the Asia-Pacific region with another 2.4m total tons going to other destination.
According to the Panama Canal Authority, they expect the total number of LNG traffic through the canal to grow by 50% from the previous fiscal year, or from about 163 transits, to about 244. This means that the total expected income from LNG vessels (if all are about 174k cbm) will be in the region of 93 million USD from laden voyages only, according to tariffs provided by the canal authority.
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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Showing 61 to 65 news of total 6871 |
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- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
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