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Wednesday, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
 While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as declines in Europe and North America are offset by strong growth in India and Southeast Asia, according to the International Energy Agency’s latest coal market report, Coal 2018.
Air quality and climate policies, coal divestment campaigns, phase-out announcements, declining costs of renewables and abundant supplies of natural gas are all putting pressure on coal. As a result, coal’s contribution to the global energy mix is forecast to decline slightly from 27% in 2017 to 25% by 2023.
But coal demand grows across much of Asia due to its affordability and availability. India sees the largest increase of any country, although the rate of growth, at 3.9% per year, is slowing, dampened by a large-scale expansion of renewables and the use of supercritical technology in new coal power plants. Significant increases in coal use are also expected in Indonesia, Vietnam, Philippines, Malaysia and Pakistan.
Coal in China accounts for 14% of global primary energy, the largest around in the world. Developments in the Chinese coal sector have the potential to affect coal, gas and electricity prices across the world, for instance through inter-fuel substitution or regional arbitrage. This puts China’s coal sector at the centre of the global energy stage. While China accounts for nearly half of the world’s coal consumption, its clean-air measures are set to constrain Chinese coal demand going forward. We forecast Chinese coal demand to fall by around 3% over the period.
Meanwhile, in a growing number of countries, the phase out of coal-fired generation is a key policy goal. But market trends are proving resistant to change.
“The story of coal is a tale of two worlds with climate action policies and economic forces leading to closing coal power plants in some countries, while coal continues to play a part in securing access to affordable energy in others,” said Keisuke Sadamori, Director of Energy Markets and Security at the IEA. “For many countries, particularly in South and Southeast Asia, it is looked upon to provide energy security and underpin economic development.”
This is why the IEA sees technologies like Carbon Capture, Utilisation and Storage (CCUS) as essential tools to bridge current and future energy needs with global and national climate ambitions. To help build a new momentum behind the technology, the IEA and the Government of the United Kingdom recently co-chaired an international summit where ministers, senior governmental officials across the world, CEOs from major energy companies and the financial community came together to identify practical steps to accelerate investment and deployment of CCUS.
“Tackling our long-term climate goals, addressing the urgent health impacts of air pollution and ensuring that more people around the world have access to energy will require an approach that marries strong policies with innovative technologies,” said Mr Sadamori. “It must rely on all available options – including more renewables, of course – but also greater energy efficiency, nuclear, CCUS, hydrogen, and more.”
Source: IEA
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Tuesday, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality a ...
Monday, 24 December 18
DRY BULK MARKET: CAPESIZE MARKET ON BACKFOOT AS 2018'S END DRAWS NEAR - THE BALTIC BRIEFING
Capesize
Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route ...
Friday, 21 December 18
4.2 MILLION DWT OF DRY BULK SHIPS SCRAPPED UNTIL 17 DEC, DOWN 71.6% Y/Y - BIMCO
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An al ...
Thursday, 20 December 18
INDONESIAN COAL PRICES DIVERGE FROM KEY BENCHMARK - FITCH RATINGS
The Newcastle 6,000kcal coal price benchmark that is widely used to determine most coal price estimates for Indonesian coal miners has increasingly ...
Wednesday, 19 December 18
CHINA'S IMPORT RESTRICTIONS ON COAL SPOILS THE PARTY FOR PANAMAXES - DREWRY
The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Pa ...
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- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- PTC India Limited - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Planning Commission, India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
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