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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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Sunday, 16 April 23
CHINA'S MARCH COAL IMPORTS JUMP TO 3-YEAR HIGH - REUTERS
China’s coal imports surged in March to their highest in any month over the past three years as utilities increased purchases on expectations ...
Sunday, 16 April 23
OPEC KEEPS WORLD OIL DEMAND GROWTH OUTLOOK UNCHANGED
The OPEC Reference Basket (ORB) declined in March by $3.43, or 4.2%, m-o-m to average $78.45/b. The ICE Brent first-month contract fell by $4.33, o ...
Sunday, 16 April 23
CHEAPER SPOT LNG PRICES TEMPT SOME ASIAN BUYERS AMID SUPPLY GAINS - REUTERS
Cheaper spot prices for liquefied natural gas (LNG) are luring price-sensitive buyers back in Asia, with China and India recording rising imports i ...
Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the bigges ...
Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
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- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
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