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Thursday, 24 October 19
AUSTRALIA'S HOPES TO EXPAND COAL EXPORTS IN SOUTH-EAST ASIA 'DELUSIONAL', EXPERTS SAY - THE GUARDIAN
 The number of new coal-fired power plants starting construction across south-east Asia has fallen markedly over the past two years as Australia has increasingly looked to the region to expand its thermal coal exports.
Analysis by US-based climate research and advocacy group Global Energy Monitor found work on only 1.5 gigawatts of new coal generation – equivalent to one large Australian plant – began in the region in the six months to June, all of it in Indonesia.
It follows construction starting on plants with a capacity of 2.7 gigawatts last year, a 57% fall below 2017 levels and 79% less than in 2016.
While coal plants take years to build and some under construction are yet to come online, analysts said it raised doubts about whether demand in south-east Asia would continue to grow as the Morrison government expected.
The government’s chief economist reported in September that south-east Asia was expected to be a key source of growth for thermal coal exports as demand from the biggest markets in Japan, China and Korea declined in coming years. The region increased imports by 15% in 2018 and was the only area in which coal’s share of electricity generation rose.
But Ted Nace, Global Energy Monitor’s executive director, said the latest data suggested the expected south-east Asian thermal coal expansion could turn out to be “more fizz than boom”.
He said as the impetus to combat the climate crisis grew, it was increasingly difficult to get people to commit the hundreds of millions needed to build a coal generator.
“The number of plants entering construction during the first six months of 2019 is extremely low and we see this decline continuing,” he said.
The Morrison government says it is committed to the Paris agreement goals, including limiting global heating to as close to 1.5C as possible. The UN’s Intergovernmental Panel on Climate Change last year estimated that reaching the goal would require a 59% to 78% cut in coal use for electricity by 2030 compared with 2010 levels, followed by deeper reductions by mid-century.
Despite this, documents released to the Australian Conservation Foundation under freedom of information laws show department advice to Scott Morrison before a visit to Vietnam in August “strongly recommended” he focus on expanding coal exports. The emailed advice said the potential growth in exports to Vietnam could “partially mitigate declining exports elsewhere, notably China”.
The Global Energy Monitor analysis identified Vietnam as having the largest number of coal projects at pre-construction stage in south-east Asia, with 22.9 gigawatts proposed. It found another 26.4 gigawatts had been cancelled over the past five years before being built and work on only 1.5 gigawatts had begun since the end of 2016.
Across south-east Asia, 53.4 gigawatts of capacity is listed as at pre-construction stage but 69.6 gigawatts have been cancelled since 2015.
About three-quarters of Australia’s thermal coal export earnings are tied to three countries – Japan (45% of sales), China (16%) and South Korea (15%). The government’s office of the chief economist forecasts sales to Japan and Korea to steadily decline as the countries move away from coal. China is considered less predictable, in part due to the potential for abrupt changes in government policy.
Tim Buckley, from thinktank the Institute for Energy Economics and Financial Analysis, said the number of Asian coal projects to have secured financial backing had fallen by between 50% and 70% over the past three years, while the rate of plant closures had increased 50%.
He said it suggested Australia’s thermal coal sales would steadily decline over two-to-three decades. “Any suggestion that thermal coal exports have growth potential is delusional or outright misleading,” he said.
Source: The Guardian
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Friday, 07 June 19
KOEN INVITED BIDS FOR 1.87 MILLION TONS OF COAL FOR JULY - OCTOBER 2019 DELIVERY
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,700,000 to 1,870,000 Metric Tons ...
Wednesday, 05 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
The first semester of 2019 started as a fairly positive semester for the offshore sector whilst there was a recovery on crude prices, as well as a ...
Tuesday, 04 June 19
MARPOL ANNEX VI - SULPHUR CAP 2020 - DEMYSTIFYING THE FONAR - SKULD
KNOWLEDGE TO ELEVATE
Fuel Oil Non-Availability Report (FONAR) is primarily a discretionary tool for a Member State to lessen the breach of MAR ...
Monday, 03 June 19
SUPRAMAX: A 61,000 TONNER OPEN NORTH CHINA, FIXING A TRIP VIA INDONESIA, REDELIVERY SOUTHEAST ASIA AT $7,500 - BALTIC BRIEFING
Capesize
The market continued its steady ascent over the past week to improved levels. The TC average opened the previous week at $12,243 and c ...
Wednesday, 29 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
Reflecting on the first quarter of 2019, the product tanker market was healthy, with average earnings significantly up compared to the first quarte ...
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- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
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