We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
|
|
|
Showing 26 to 30 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Interocean Group of Companies - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Australian Coal Association
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
|
| |
| |
|