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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 2022 and an increase of 43.5% year on year.
Earnings for Bulkers have strengthened since the start of the traditionally stronger Q4. Larger Bulkers have seen the most dramatic increased with Panamax earnings up by c. 18.54% from the start of October to 16,386 USD/Day.
More than half of the coal is coming from Indonesia, representing 56% of coal imports to India this year alone. Although the iron ore trade to China has traditionally been the cornerstone of the Bulker market, particularly for Capes, it seems that coal imports to India are providing increasing support to the market.
Coal is dominating Bulker demand to India, accounting for 90% of Capesize trades this year, 76% of Panamax trades, 49% of Supramax trades and 1% for Handysizes.
In their latest quarterly forecast, VesselsValue, a Veson Nautical solution, the potential for imports to increase further in coming years. The Indian economy is growing at around 6.5% per year and as a result this will increase their demand for energy both for power, with coal accounting for around three quarters of their energy consumption and also for growing industrial activity.
As India is highly reliant on coal, standing for ¾ of their energy consumption, VesselsValue predicts that Indian coal imports are expected to increase by 12% per annum between 2023-2025.
Source: VesselsValue, Veson Nautical
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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 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 electric ...
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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- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- PTC India Limited - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- VISA Power Limited - India
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Planning Commission, India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
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