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Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected electricity demand.
Between January and August, electricity production in advanced economies fell by 4% y/y, according to data from the International Energy Agency. In 2023, measures against high inflation slowed economic growth in advanced economies. The International Monetary Fund estimates GDP in advanced economies will grow by only 1.5% in 2023 compared to 2.6% in 2022, and some economies in Europe are even expecting negative growth. As a result, industrial production weakened in several of these economies, further affecting electricity demand.
Thermal coal accounted for 68% of coal shipments which fell by 22% y/y, between January and October this year. Thermal coal is used for electricity generation and is being phased out across many advanced economies in favour of renewable energy. Coking coal imports by advanced economies also fell, but only 2%, due to lower steel production in the EU, Japan and South Korea.
In 2023, advanced economies’ imports of seaborne coal could reach the lowest level since 2002. Imports fell in most of these markets, but the decline was most significant in the EU. After it boosted imports in 2022 in response to an energy crisis, volumes retreated once again and are now below 2021 levels.
Advanced economies import 32% of the world’s seaborne coal shipments. Japan, Korea, the EU and Taiwan are the largest importers, accounting for 94% of all coal shipments to advanced economies. Australia is the origin of 40% of these cargoes, favoured for the high energy content in its coal. Other exporters include Indonesia, Russia, US, Canada, Colombia and South Africa.
Despite weaker shipments to advanced economies, global coal shipments are expected to grow 4.5-5.5% in 2023. Stronger demand in parts of Asia, particularly in China, has supported coal shipments this year. Average haul also increased 1.5-2.5%, boosted by sanctions on Russian coal.
In the coming years, coal shipments to advanced economies are expected to continue declining as electricity generation from renewables increases. While higher demand in emerging Asia may cover some of these losses, we currently expect global coal shipments could start falling from 2024.
Source: BIMCO
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Economic Council, Georgia
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- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- The University of Queensland
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- GMR Energy Limited - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Australian Coal Association
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- MS Steel International - UAE
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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