We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 04 March 20
CHINA IMPORTED 76.8 MLN TONNES OF CRUDE OIL FOR JANUARY & FEBRUARY 2020; UP 3.4% YOY - REFINITIV | BC
 The COVID-19 crisis has been gripping China already for almost two months now. It’s having a huge negative impact on the economy, and this is starting to show also in the trade figures.
In the first 2 months of 2020, China imported 76.8 mln tonnes of crude oil by sea, according to vessel tracking data from Refinitiv. This represents an increase of +3.4% y-o-y, compared to the 74.2 mln tonnes imported in the same two-month period of 2019. On a single-month basis, January showed a +2.5% year-on-year increase to 41.4 mln tonnes, whilst February showed a +4.6% increase year-on-year to 35.4 mln tonnes.
However, single month comparisons are misleading due to the shifting date of the Chinese New Year (which were in February last year but in January this year) – hence it makes more sense to look at the two months combined.
Whilst the data still shows positive growth in imports of +3.4% in the first two months of this year, this is a significant slowdown from the +18.6% growth seen in the same period last year, and also from the +5.2% y-o-y growth posted in 2018.
We now expect even more disappointing figures in March. During February 2020, sailings from the Arabian Gulf towards China were down almost by 10% year-on-year. Looking back at last year, China’s total seaborne imports of crude oil reached 447.6 mln tonnes in the 12 months of 2019, according to vessel tracking data from Refinitiv.
This represents an increase of +9.8% year-on-year, compared to the 407.7 mln tonnes imported in the whole of 2018. Last year, 47 percent of all crude shipments to China were sourced from the Arabian Gulf. Imports from Saudi Arabia increased by +47.5% year-on-year in 2019 to 77.9 mln tonnes. Saudi Arabia by itself accounts for 17% of all crude importsto China last year. Shipments from Iraq to China increased by +20.7% year-on-year in 2019 to 49.8 mln tonnes. Iraq accounts for 11% of China’s crude import volumes. Imports from Kuwait decreased by -4.4% y-o-y to 21.9 mln tonnes, however shipments from the UAE increased by +9.8% to 13.5 y-o-y. The biggest fall, of course, was from Iran ; volumes went down by -53.5% y-o-y to just 15.1 mln tonnes, down from 32.6 mln tonnes in 2018. Imports from Venezuela fell by -23.5% y-o-y in 2019 to just 10.4 mln tonnes. This however was more than compensated by a +39.9% increase in shipments from Brazil to 34.9 mln tonnes.
Shipments from West Africa to China increased by +6.2% in 2019 to 74.2 mln tonnes. West Africa accounted for 17% of all crude imports to China last year. The largest African exporter was Angola, with 44.7 mln tonnes, +0.9% y-o-y. Exports from Gabon almost doubled in 2019 to 6.9 mln tonnes, from 3.6 mln tonnes in 2018. Volumes from the Republic of Congo went down -12.0% to 11.7 mln tonnes, but from Nigeria almost trebled to 2.1 mln tonnes. Seaborne exports from Russia to China increased by +14.8 year-onyear to 29.4 mln tonnes. Naturally, the vast majority, 23.5 mln tonnes, came from Kozmino in Far East Russia, and 1.8 mln tonnes from Sakhalin. However, 2.9 mln tonnes were shipped all the way from Novorossiysk, and 0.6 mln tonnes from Primorsk! Volumes from the USA, unsurprisingly, crashed by -56.5% y-o-y to just 5.3 mln tonnes in 2019.
Source: Banchero Costa
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
|
|
|
Showing 1096 to 1100 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
|
| |
| |
|
