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Friday, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
 The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report published today, which notes that significant uncertainty hangs over the outlook for coal as a result of slowing economic growth and energy market turbulence.
Based on current economic and market trends, global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes, assuming the Chinese economy recovers as expected in the second half of the year, the IEA’s July 2022 Coal Market Update says. This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high.
The new report highlights the significant turmoil in coal markets in recent months, which has important implications for many countries where coal remains a key fuel for electricity generation and a range of industrial processes. At the same time, the world’s continued burning of large amounts of coal is heightening climate concerns, as coal is the largest single source of energy-related CO2 emissions.
Worldwide coal consumption rebounded by about 6% in 2021 as the global economy recovered rapidly from the initial shock of the Covid pandemic. That sharp rise contributed significantly to the largest ever annual increase in global energy-related CO2 emissions in absolute terms, putting them at their highest level in history.
Global coal demand is being propped up this year by rising natural gas prices, which have intensified gas-to-coal switching in many countries, as well as economic growth in India. Those factors are being partly offset by slowing economic growth in China and by the inability of some major coal producers to ramp up production.
Demand for coal in India has been strong since the start of 2022 and is expected to rise by 7% for the full year as the country’s economy grows and the use of electricity expands. In China, coal demand is estimated to have declined by 3% in the first half of 2022 as renewed Covid lockdowns in some cities slowed economic growth, but an expected increase in the second half of the year is likely to bring coal consumption for the full year back to the same levels as last year. China and India together consume double the amount of coal as the rest of the world combined, with China alone accounting for more than half the world’s demand.
Coal consumption in the European Union is expected to rise by 7% in 2022 on top of last year’s 14% jump. This is being driven by demand from the electricity sector where coal is increasingly being used to replace gas, which is in short supply and has experienced huge price spikes following Russia’s invasion of Ukraine. Several EU countries are extending the life of coal plants scheduled for closure, reopening closed plants or raising caps on their operating hours to reduce gas consumption. However, Europe only accounts for about 5% of global coal consumption.
As soaring natural gas prices have made coal more competitive in many markets, international coal prices have risen in turn, hitting three all-time peaks between October 2021 and May 2022. Sanctions and bans on Russian coal following Russia’s invasion of Ukraine have disrupted markets, and issues in other major exporters have contributed to supply shortages. With other coal producers facing constraints in replacing Russian output, prices on coal futures markets indicate that tight market conditions are expected to continue well into next year and beyond.
Source: IEA
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Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
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Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
Tuesday, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets
Russia’s invasion of Ukra ...
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- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- India Bulls Power Limited - India
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