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Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more permits in a couple of weeks of March than it did all of last year.
The Chinese government issued permits for the construction of 6.6 gigawatts of coal-fired power capacity between March 1 and March 18, compared with 6.3 gigawatts in 2019, according to a new report by the Global Energy Monitor, which tracks coal plant capacity from proposal stage through to completion.
The report, Boom and Bust 2020: Tracking The Global Coal Plant Pipeline, found that due to the Morrison government’s pro-coal policies, Australia was second only to China in the world for proposals of new coal power stations, with 3 gigawatts proposed. However, would-be developers were having trouble sourcing finance as banks and lenders toughened their stance against fossil fuels and as prices for new renewable energy continued to fall beneath that for coal-fired generators.
The fifth annual survey of the coal demand – which tracks plants from proposal stage, through permits to completion – found there was a 16 per cent drop in capacity in the pipeline over the past year and a 66 per cent fall since 2015.
Despite the decline in development, coal capacity swelled by 34.1 gigawatts in 2019, the first increase in net capacity since 2015. Nearly two-thirds of newly commissioned capacity was in China.
Outside China, the global coal fleet overall shrank for the second year in a row, as other countries together retired more coal capacity than they commissioned.
“Global power generation from coal fell by a record amount in 2019, as renewable energy grew and power demand slowed down,” said Christine Shearer, lead author and Director of Global Energy Monitor’s Coal Program. “Regardless, the number of new plants added to the grid accelerated, meaning that the world’s coal plants were operated a lot less – more plants generating less power,” she said. “For banks and investors that continue to underwrite new coal plants, this means weakened profitability and increased risk.”
The coronavirus pandemic has also stalled projects worth $US17.1 billion due to labour and supply chain disruption across south and south-east Asia – regions crucial to the future of the Australian thermal coal industry – the report found.
Even more ominously for Australian exporters, the report found that between 2016 and 2019 construction starts fell by more than 85 per cent, from 12.8 GW to 1.8 GW. In India the pre-construction pipeline shrank by half.
Tim Buckley, the director of Energy Finance Studies at the Institute for Energy Economics and Financial Analysis, said that the report confirmed the thermal coal industry was in terminal decline, despite the uptick in permits in China.
He said that over the past two years China had suspended its efforts to curb pollution – and coal energy capacity – in response to the trade war with the United States, and was now leaning even more heavily on coal to stimulate its economy in the face of the coronavirus.
But he said that as a result of that diversion of effort, China was no longer investing in coal plants throughout the Asian region.
China’s coal power capacity was increasingly idle, running at below 50 per cent.
He said that even as it built new coal-fired power plants, China was decommissioning plants built just a decade ago, or well shy of their designed life.
Source: Sydney Morning Herald
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Wednesday, 11 March 20
SHIPPING MARKET INSIGHT - INTERMODAL
On the 4th of September the Baltic Dry Index marked its highest level for 2019, reaching 2,518 points, while the rest of the dry indices also recor ...
Tuesday, 10 March 20
SHIPPING MARKET ANALYSIS
It might be already overstated, but it seems to be important to point out once again how peculiar the current circumstances are.
Before the st ...
Tuesday, 10 March 20
EIA FORECASTS U.S ELECTRIC POWER SECTOR DEMAND FOR COAL WILL FALL BY 81 MMST (15%) IN 2020
EIA forecasts that U.S. coal production will total 595 million short tons (MMst) in 2020, down 95 MMst (14%) from 2019. According to EIA's Shor ...
Tuesday, 10 March 20
CORONAVIRUS: DEMAND DOWNGRADES FOR BULK COMMODITIES - WOOD MACKENZIE
The coronavirus outbreak is a rapidly evolving news story – and a real wildcard for bulks demand. Our global experts are monitoring the impac ...
Tuesday, 10 March 20
CHINA'S COAL-RICH PROVINCE ENSURES ENERGY SUPPLY AMID EPIDEMIC - XINHUA
China’s coal-rich province of Shanxi has seen more than 500 coal mines resume production in February, which ensured energy supply amid the ou ...
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- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Planning Commission, India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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