We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
...
|
|
|
Showing 36 to 40 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
|
| |
| |
|
