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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, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
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- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- The University of Queensland
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
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