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Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
 Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coal loadings increased by a whooping +18.8% y-o-y to 417.7 mln t (excluding cabotage), admittedly from a fairly low 351.6 mln t in the same period of 2022, Banchero costa said in its latest weekly report.This was also higher than the 363.9 mln t loaded in Jan-Apr 2021, and the 379.7 mln t in Jan-Apr 2020. It was just a shade below the 418.3 mln t loaded in Jan-Apr 2019.
The report further noted that, in Jan-Apr 2023, exports from Indonesia increased by +48.7% y-o-y to 143.3 mln t, whilst from Australia were down -3.2% y-o-y to 108.6 mln t, from Russia were up +21.4% y-o-y to 61.3 mln t, from the USA increased by +25.0% y-o-y to 26.9 mln t, and from South Africa +8.9% y-o-y to 22.6 mln t.
Seaborne coal imports into Mainland China surged by +90.6% y-o-y to 108.9 mln t in Jan-Apr 2023, whilst imports to India increased by +17.5% y-o-y to 67.1 mln t, imports to Japan by -0.4% y-o-y to 56.7 mln t, to South Korea by -0.8% y-o-y to 38.1 mln t, to the EU -4.1% y-o-y to 34.7 mln t.
Banchero costa’s weekly report further noted that, Canada is the seventh largest exporter of coal in the world. In 2022, Canada accounted for 3.8% of global seaborne coal shipments. Canada’s seaborne coal exports in the 12 months of 2022 declined by -7.6% y-o-y to 41.3 mln tonnes.
This followed an equally strong decline of -5.7% y-o-y in 2021, and a -18.8% y-o-y decline in 2020. In the first 4 months of 2023, coal exports from Canada rebounded by +6.3% y-o-y to 15.9 mln tonnes, which was the highest for this part of the year since the 16.1 mln tonnes in Jan-Apr 2020.
Nearly half of the coal produced in Canada is thermal and half is metallurgical. Canada's exports are primarily metallurgical coal. Alberta and British Columbia produced 85% of Canada's coal. Canada exports about half of its coal production. Given the location of its mining resources, the overwhelming majority of Canadian coal exports are shipped from ports in British Columbia, on the Pacific coast. Of the 41.3 mln tonnes shipped in calendar 2022, 54.2% (22.4 mln tonnes) were shipped from Roberts Bank, 27.8% (11.5 mln tonnes) from Vancouver, and 17.9% (7.4 mln tonnes) from Prince Rupert.
According to Banchero costa, the vast majority of Canada's coal exports go to Asia, which is still a significant consumer. In 2022, as much as 32.9% of Canada’s seaborne coal exports were shipped to Japan. In Jan-Dec 2022, coal exports to Japan from Canada remained flat with a +0.2% y-o-y growth at 13.6 mln tonnes. The second largest destination for Canadian coal is South Korea, accounting for 25.4% of Canada’s exports in 2022.
The report also said, in 2022, exports from Canada to South Korea declined by -9.8% y-o-y to 10.5 mln tonnes. In third place is Mainland China which accounted for a 18.0% share in 2022.
In 2022, shipments from Canada to China declined by -17.4% y-o-y to 7.4 mln tonnes, although this represents a correction from a +53.3% y-o-y increase recorded in 2021. The volume seen last year was still significantly above anything seen up until 2021.
In fourth place was the European Union, with a 7.2% share of Canada’s coal exports. In 2022, 3.0 mln tonnes of coal were exported from Canada to the EU, down -3.7% y-o-y.
In fifth place was India, with a 6.1% share of Canada’s coal exports. In 2022, India imported 2.5 mln t from Canada, up +24.4% y-o-y from
just 2.0 mln t in 2021.
However this was still significantly below the 3.9 mln tonnes shipped to India in 2020 and the 5.7 mln tonnes shipped in 2019.
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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Australian Coal Association
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
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