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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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- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
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