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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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Wednesday, 08 September 21
MARKET INSIGHT - INTERMODAL
Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness. The dry bulk index exceeded the 4,0 ...
Wednesday, 01 September 21
KOMIPO TO BUY 1.56 MILLION TONS OF 5600 NAR COAL OF AUSTRALIA OR SOUTH AFRICAN ORIGIN FOR 2022 - 2024
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Wednesday, 01 September 21
MARKET INSIGHT - INTERMODAL
As the summer season is coming to an end, the dry bulk market continues to rally. The confidence that the outstanding freight market performance ha ...
Monday, 30 August 21
68% OF U.S. COAL FLEET RETIREMENTS SINCE 2011 WERE PLANTS FUELED BY BITUMINOUS COAL - EIA
In 2011, the United States had 317.6 gigawatts (GW) of coal-fired electric generation capacity. About 88.7 GW of that capacity was retired in the d ...
Friday, 27 August 21
ALL YOU NEED TO KNOW ABOUT COAL'S MASSIVE RALLY AND NEAR-TERM OUTLOOK - CNBCTV18
Australia’s thermal coal at Newcastle Port, the benchmark for the vast Asian market, has surged over 100 percent this year to trade above $16 ...
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- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- White Energy Company Limited
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
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- Bhoruka Overseas - Indonesia
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- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
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