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Friday, 20 August 21
BIMCO'S SHIPPING NUMBER OF THE WEEK: CHINESE IRON ORE IMPORTS FALL TO 14-MONTH LOW IN JULY - PETER SAND
 Chinese iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020. The fall in July means that accumulated imports are lower than in the first seven months of 2020. Imports this year have totalled 649.0 million, a 1.5% decline from January to July 2020. In July, imports were down 21.4% from the same month in 2020 when they reached a record high of 112.7m tonnes.
Steel production declines following government restrictions
In addition to the July drop in iron ore imports China’s steel production fell to 86.8m tonnes (source: NBS China) as the government seeks to impose limits on steel production to meet climate emissions goals. Chinese steel production was strong in the first six months of the year, and with a resilient domestic demand, it appears that the government restrictions are limiting further growth rather than the actual appetite for steel.
“A decline in Chinese iron ore imports following record-breaking imports in the first six months to the year seemed inevitable viewing that the Chinese government wishes to keep emissions growth in check. However, as demand for steel remains strong in China, it remains to be seen to which extend the Chinese government will continue to limit steel supply due to environmental concerns,” says Peter Sand, BIMCO’s Chief Shipping Analyst.
Strong iron ore imports from Brazil
In the first six months of the year, which is the most recent data available by origin, Brazil is the only major exporter of iron ore to China that has experienced growth. Brazilian export volumes are up by 14.3% in the first half of the year, reaching 108.3 million tonnes, and thereby cementing its second spot. This is however still down from the record of 109.2m tonnes of iron ore which China imported from Brazil in the first six months of 2017. Australia remains solidly in the top spot despite a fall in imports. In the first six months of the year imports from Australia have fallen by 1.3% to 344.8 million tonnes.
Source: BIMCO, By Peter Sand, Chief Shipping Analyst
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Thursday, 12 August 21
ONLY 3 VLCCS SOLD FOR DEMOLITION IN 2021 AS SECONDHAND PRICES TEMPT - BIMCO
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current mar ...
Wednesday, 11 August 21
U.S: EIA EXPECTS COAL EXPORTS TO TOTAL 90 MMST IN 2021, 30% INCREASE FROM 2020
Coal production in EIA's forecast totals 607 million short tons (MMst) in 2021, an increase of 13% over 2020.
EIA is also ...
Wednesday, 11 August 21
MARKET INSIGHT - INTERMODAL
Energy is at the core of the global climate dialogue as the climate challenge is essentially an energy challenge. Policy experts around the world a ...
Tuesday, 10 August 21
34 INDONESIAN COAL COMPANIES TEMPORARILY BANNED FOR COAL EXPORTS
The Ministry of Energy and Mineral Resources (ESDM) has imposed sanctions in the form of a coal export ban for 34 coal companies as reported by CNB ...
Monday, 09 August 21
AIIB MAY OFFICIALLY END COAL FINANCING IN 2022 - CHINA DAILY
The Asian Infrastructure Investment Bank may officially rule out coal projects if it updates its energy strategy next year, after shunning funding ...
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- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- The University of Queensland
- Marubeni Corporation - India
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
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