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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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Thursday, 17 October 19
INDIA READIES POLICY TO ATTRACT FOREIGN INVESTMENT IN COAL MINING - REUTERS
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country’s ...
Wednesday, 16 October 19
INDIA CALLS FOR A RESET OF CLIMATE DEBATE ON COAL AS A FUEL - LIVEMINT
India on Tuesday called for a reset on climate debate on coal as a fuel, in the backdrop of India becoming one of the top renewable energy producer ...
Wednesday, 16 October 19
LESSONS LEARNT FROM CREW INJURED IN HEAVY WEATHER - UK P&I CLUB COMMENTS
KNOWLEDGE TO ELEVATE
Stuart Edmonston, Loss Prevention at UK P&I Club, discusses an incident in which crew were injured whilst on deck in ...
Wednesday, 16 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
In perhaps the most interesting market conditions of the past years, the tanker and the dry bulk industry have created a positive sentiment with re ...
Tuesday, 15 October 19
INDIA READIES POLICY TO ATTRACT FOREIGN INVESTMENT IN COAL MINING - REUTERS
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country's Co ...
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- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
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