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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
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Wednesday, 13 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
The improvements seen in the dry bulk market during the unexpectedly strong Q3 brought enthusiasm and optimism for a last quarter rally. Indeed as ...
Tuesday, 12 November 19
COAL IMPORTS AT MAJOR PORTS SLIP 18 PC TO 51 MT IN APRIL-OCTOBER - ECONOMIC TIMES
The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report, said "percentage variation fro ...
Monday, 11 November 19
EMINENT MARITIME ORGANIZATIONS AND INDIVIDUALS WERE HONORED
SHIPTEK 2019 Anchors in Greece for its 12th edition.
Eminent Maritime Organizations and Individuals were honored
Greec ...
Wednesday, 06 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
With less than two months before the end of the year, the shipping and refining industries have already taken measures and invested to accommodate ...
Monday, 04 November 19
COAL INDIA'S OCTOBER PRODUCTION MAY FALL 20% - PTI
Coal India’s production in October is likely to be 19-20 per cent lower at about 40 million tonne, as compared to 49.77 million tonne produce ...
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- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Australian Coal Association
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
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