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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 Panamaxes and thus rates. Nonetheless, we believe imports will be supported by winter and high-energy demand in the first quarter of 2019.
In the first three quarters of 2018, China’s coal imports increased swiftly due to rising demand for power generation. Up to September, the country’s seaborne imports of coal and lignite totaled 169 million tonnes—an increase of 7.6% over the same period of 2017.
However, there is now a reversal of this trend, as the Chinese government is allowing only limited imports in the fourth quarter of 2018, so that total coal imports in the year do not exceed those of 2017.
In order to control imports, authorities are tightening port restrictions, which are in turn delaying custom clearance. The resultant drop in coal imports to China is detrimental for the employment of Panamaxes, and consequently the dry bulk freight market.
Due to weak imports, employment opportunities will be affected primarily on the Indonesia-China and Australia-China routes, as 97% of Chinese imports are sourced from Indonesia and Australia, while the remaining are from Canada, the US and Colombia.
Regulation on imports dents employment of Panamaxes
The more stringent regulation on coal imports is adversely impacting vessel demand.
Given that the Chinese government intends to keep annual coal imports in 2018 equal to those of 2017, a mere 42 million tonnes of coal and lignite can be imported in the last quarter of 2018.
This will employ approximately 148 vessels — a loss of 41 vessels over those employed in fourth-quarter 2017.
A bearish outlook for Chinese coal imports and a consequent fall in the demand for Panamax vessels are undoubtedly influencing freight rates. In November voyage rates on Australia-China and Indonesia-China routes dropped by 10-12% on a monthly basis, with December also not looking promising as restrictions are unlikely to ease until 2019.
Hope still exists
But we believe disruption in the Panamax market will be temporary as China’s imports should rise in the early months of 2019, as cold weather is likely to keep energy consumption high. Furthermore, low coal prices could lift imports of other major consumers such as India.
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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
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 decli ...
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Showing 1516 to 1520 news of total 6871 |
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- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
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