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