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Thursday, 06 December 18
U.S. COAL CONSUMPTION IN 2018 EXPECTED TO BE THE LOWEST IN 39 YEARS - EIA
 EIA expects total U.S. coal consumption in 2018 to fall to 691 million short tons (MMst), a 4% decline from 2017 and the lowest level since 1979. U.S. coal consumption has been falling since its peak in 2007, and EIA forecasts that 2018 coal consumption will be 437 MMst (44%) lower than 2007 levels, mainly driven by declines in coal use in the electric power sector.
The electric power sector is the nation’s largest consumer of coal, accounting for 93% of total U.S. coal consumption between 2007 and 2018. The decline in coal consumption since 2007 is the result of both the retirements of coal-fired power plants and the decreases in the capacity factors, or utilization, of coal plants as increased competition from natural gas and renewable sources have reduced coal’s market share.
In 2007, coal-fired capacity in the United States totaled 313 gigawatts (GW) across 1,470 generators. By the end of 2017, 529 of those generators, with a total capacity of 55 GW, had retired. So far in 2018, 11 GW of coal-fired generating capacity has retired through September, and another 3 GW are expected to retire in the final three months of the year, based on data reported to EIA by plant owners and operators. If these plants retire as planned, 2018 will be the second-highest year for coal retirements. Another 4 GW of capacity are planning to retire by the end of 2019.
Only one, relatively small, new coal-fired generator with a capacity of 17 megawatts is expected to come online by the end of 2019. The decline in coal-fired capacity is expected to further reduce coal consumption: EIA’s latest Short-Term Energy Outlook expects power sector coal consumption to fall 4% in 2018 and 8% in 2019.
One of the main drivers of coal retirements is the price of coal relative to natural gas. Natural gas prices have stayed relatively low since domestic natural gas production began to grow in 2007. This period of sustained, low natural gas prices has kept the cost of generating electricity with natural gas competitive with generation from coal. Other factors such as the age of generators, changes in regional electricity demand, and increased competition from renewables have led to decreasing coal capacity.
Environmental concerns have also played a role in coal retirements. Coal retirements were highest in 2015, driven in part by stricter emissions standards required by the Mercury and Air Toxics Standards (MATS) rule, which went into effect in April of that year for coal- and natural gas-fired power plants. Instead of investing in emissions control technologies, many smaller power plants that operated at lower capacity factors were retired before the new standards were implemented. Some plants applied for and received one-year extensions, which contributed to retirements in 2016.
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Monday, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
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- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- The University of Queensland
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Planning Commission, India
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