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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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- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Planning Commission, India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- White Energy Company Limited
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
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