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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, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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 ...
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- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Planning Commission, India
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Bhatia International Limited - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- The University of Queensland
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
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