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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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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
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