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.
|
|
Sunday, 23 February 20
SHIPPING INDUSTRY FACES $370 MILLION HIT FROM NEW PANAMA CANAL CHARGE - REUTERS
A new “freshwater” charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up ...
Sunday, 23 February 20
A 57,000DWT SHIP FIXING DELIVERY SOUTH KALIMANTAN TRIP, REDELIVERY CJK, AT $7,600 - BALTIC BRIEFING
Capesize
The Capesize market found little to cheer about this week as it again endured remarkable lows. The Atlantic continued to improve, with ...
Saturday, 22 February 20
THE SURPRISING MOVE IN MARINE FUEL SPREADS - ING
Middle distillates tank
One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulati ...
Friday, 21 February 20
CAPE: AVERAGE NOMINAL DAILY EARNINGS STILL ADMITTEDLY UNCHANGED W-O-W AT BELOW US$3000 - FEARNLEYS
CAPE
The worst may just about be over for the big ships. Average nominal daily earnings still admittedly unchanged w-o-w at below US$3k, but sent ...
Friday, 21 February 20
INDIA: POTENTIAL INVESTORS SEEK MORE CLARITY ON COMMERCIAL COAL MINING NORMS - FINANCIAL EXPRESS
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. ...
|
|
|
Showing 1111 to 1115 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Planning Commission, India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
|
| |
| |
|
