We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 12 November 21
RUSSIA-INDIA COKING COAL DEAL UNLIKELY TO IMPACT PANAMAX SHIPPING - DREWRY
Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year. Drewry believes this trade will have little or no impact on the demand for dry bulk shipping.
The Indian government plans to sharply lift the domestic production capacity of crude steel which could lead to even higher coking coal imports as it is a key raw material for steel production. The imports of coking coal have been rising over the past few years. While Australia is the predominant supplier of coking coal to India, accounting for around 80% of country’s imports of the commodity, the US and Canada supply the balance with Russia’s share at a negligible 1-2% annually. In 2020, the latter exported 1.2 million tonnes of coking coal to India.
As Indian steel mills are highly reliant on Australian coking coal, any disruption in the supply of the commodity in Australia could affect India’s steel production. The recent deal with Russia could be seen as an attempt by Indian coking coal traders to diversify their import portfolio and could eat into the share of Australian coal, leaving the shares of the US and Canada untouched.
Meanwhile, the Russian government plans to lift the country’s coal production to 668 million tonnes by 2035 from around 400 million tonnes in 2020 and thereby increase its presence in the Asian market. The country targets to lift its coal exports to 390 million tonnes from around 211 million tonnes in 2020, indicating that exports will rise by around 12 million tonnes per annum. In line with the country’s vison, some Russian companies such as Kolmar and Elga intend to ramp up their coal production volumes and port capacities.
Since Russia-India and Australia-India are predominantly Panamax routes, the impact of the recent deal on the demand for Panamax vessels will depend on the port that will supply coking coal to India. Russia has been exporting coal through Murmansk, Vanino, Vostochny and Ust-Luga, of which Vanino and Vostochny are almost equidistant from India, as is Australia, but Murmansk-India (and also Ust-Luga-India) is almost double the distance between India and Australia. As a result, for a given cargo volume, Murmansk-India and Ust-Luga-India should deploy twice the number of vessels than Australia-India, but for Vanino-India or Vostochny-India there will hardly be any addition in the overall vessel demand.
To estimate the influence of the Russia-India deal on vessel demand we assume that all four Russian ports will supply coal to India in equal quantities. At the speed of 11 knots, 40 million tonnes of coking coal trade on Russia-India would employ 94 odd Panamax vessels whereas the same cargo volume on Australia-India would need 66 Panamaxes, implying an increase of 28 Panamax vessels annually.
However, we believe the entire agreement between Russia and India for 40 million tonnes of annual coking coal trade will be difficult to materialise. The share of coking coal in Russia’s overall coal exports has been limited to 12-14% over the past five years. This means that even if the country’s coal exports will rise by 12 million tonnes per annum, coking coal exports could rise by just 1-2 million tonnes annually.
Moreover, even if the country is able to meet the agreed quantity, it seems that Russia would supply a major proportion of the coking coal through port Vanino as the country’s major coal companies are increasing their coal handling capacity at this port. While Kolmar group plans to lift the annual coal handling capacity of the VaninoTransUgol terminal by 12 million tonnes by 2023, Albert Avdolyan plans to construct a coal terminal at Vanino with annual handling capacity of 30 million tonnes. As mentioned above vessel demand on Vanino-India will be no different from that on Australia-India and any shift of cargo away from Australia-India and towards Vanino-India will have little impact on dry bulk shipping demand.
Source: Drewry
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and ...
Tuesday, 26 April 22
INDIA'S COAL IMPORTS ARE SHIFTING, THERMAL MORE THAN COKING - REUTERS
India’s coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of Russia’s invasion of neighbouring ...
Monday, 18 April 22
GERMAN COAL IMPORTERS EXPECT A BRIEF SPIKE IN PRICES ON EU BAN - REUTERS
A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the c ...
Monday, 18 April 22
FINNISH 'LOOPHOLES' ALLOW IMPORTS OF RUSSIAN COAL AND OIL TO CONTINUE - EURONEWS
Activists in Finland are calling for the government to clamp down faster on state-owned companies that continue to import raw materials from Russia ...
Monday, 18 April 22
GOVT IN DISCUSSION WITH WORLD BANK ON FRAMEWORK FOR COAL MINE CLOSURE - BUSINESS STANDARD
The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday.
...
|
|
|
Showing 326 to 330 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Planning Commission, India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
|
| |
| |
|
