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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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Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
...
Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
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- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- VISA Power Limited - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
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