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Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
 During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistical challenges started to emerge. Two years after the start of the war in Ukraine, sanctions on Russia are limiting the country’s ability to export coal.
A significant portion of Russian coal is sourced from Siberia and transported to Russian ports by rail. Since the start of the war in Ukraine, railways in Russia have been under pressure as sanctions pushed Russia’s coal exports eastwards. In 2023, China was the destination for 41% of Russian coal shipments.
Sanctions on Russia have added further pressure to logistics, culminating in lower effectiveness and reliability of railway transport since October 2023. Russian railway transport is reported to be challenged with difficulties in securing imports of spare parts such as specialized lubricants, proprietary bearings and electronic components. Efforts to circumvent this issue by replacing imports with domestic equipment have fallen short, as these substitutes are often of lower quality.
The overall impact of poor Russian logistics on the dry bulk market seems to be marginal, as global coal supply is ample. In the period since October 2023, global coal shipments have increased by 7% y/y despite the loss of Russian coal. Consequently, it seems that Russia is bearing the brunt of the impact.
The impact of lower coal shipments on sailing distances also seems to be residual. Shipments from Russia have below average sailing distance, but they have been replaced by shipments with similar distances.
Despite the obstacles that Russia is facing, the government seems determined to boost coal exports to China. Russia is working to increase coal mining and remove bottlenecks in their infrastructure. Two major railways in Siberia will be electrified and an agreement was reached to build a new railway bridge between Russia and China. If Russia is successful, exports over land to China could increase, replacing some of Russia’s coal shipments.
Even as Russia invests in infrastructure, it is possible that total coal exports to China will not significantly increase. The IEA estimates that China’s coal demand may have peaked in 2023, limiting further export growth. Furthermore, it might be difficult for Russia to find new trade partners amid sanctions and competition from other exporters such as Indonesia and Australia.
Source: BIMCO
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Planning Commission, India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- White Energy Company Limited
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
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