TelestackTOC EventsPort of Vancouver USAPort of StocktonViganBühler GmbH
  • TOC Events
  • TBA Group
  • Bühler GmbH
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Cimbria
  • Vigan

New chairman for VDKi

New chairman for VDKi

(Posted on 19/01/21)

The German Coal Importers Association (VDKi has a new chairman. Alexander Bethe, Appointee of the Japanese energy trading house JERA Global Markets, has taken over the office from the long-time chairman Dr. Cieslik, who has taken his well-deserved retirement. He was elected honorary chairman at the extraordinary members' assembly. Managing Director Wodopia is also retiring. His successor is Manfred Müller.

VDKi represents the interests of the imported hard coal market in Germany. The 48 German and European members are from the power industry, industry, trade and logistics. The imported coal covers 100 % of Germany's hard coal demand of about 39 million tonnes (2019). VDKi thus represents the entire hard coal market in Germany with a financial volume in the billions. VDKi regularly examines the significance of the global hard coal markets for the European and German imported hard coal market, shows perspectives for the further development of imports and regularly publishes statistics on German hard coal imports and prices.

With the first decommissioning tender, the coal phase-out reveals a major problem: the youngest and most modern hard-coal-fired power plants are surprisingly going first. Secured capacity will soon be in short supply in Germany. Hard coal-fired power plants are flexible and could support renewables in a perfectly fitting way.

Corona-induced decline in trade: global seaborne hard coal trade down 10.9% in 2020, global hard coal subsidies down 3.0%.

Hard coal in Germany: drastic decline continues - German steam coal imports down 29% in 2020.

According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production decreased by 3.0% to 7.0 billion t in 2020. While production in China increased by 100 million t or 2.7% and it also increased in India by around 20 million t (+2.8%), production in all other countries decreased to a greater or lesser extent. This was particularly the case for the countries involved in world hard coal trade, which suffered from the Corona-related economic slump. World seaborne hard coal trade fell Corona-caused by 10.9% in 2020. Colombia (-33%) and the USA (-29%) were hit particularly hard, suffering from the drop in demand on the Atlantic market. The Southeast Asian economies recovered comparatively quickly from the Corona crisis. Export declines were therefore lower for South Africa (-2%) and Australia (-6%) because they increasingly serve this market. Canadian exports - mainly coking coal - even increased slightly (+3%).

German hard coal imports fell significantly by 24% or 10.4 million tons in 2020. Imports of coking coal fell by 11%, and imports of steam coal by 29%. Power generation from hard coal decreased by 26%. This was caused more importantly by the Covid-19 crisis combined with prioritized grid access for renewables and intense competition from gas-fired power plants. Compared to 2015, power generation from hard coal decreased to 1/3. However, this also means that this third is currently still needed on the market!

The first decommissioning tender in the ending of coal-fired power generation reveals that the design of the coal phase-out is off-target. Not the oldest, but surprisingly the youngest, most modern and largest coal-fired power plants are going first. Secured capacity will soon be in short supply in Germany. Hard-coal-fired power plants are flexible and could support renewables precisely.

Latest News

US steel imports down in January

(Posted on 01/03/21)

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) has reported that... Read more


Bumper crop breaks GrainCorp records

(Posted on 01/03/21)

With the winter crop harvest close to completion on Australia’s east coast, GrainCorp is celebrating... Read more


Rio Tinto reiterates apology as annual report published

(Posted on 24/02/21)

Rio Tinto has published its 2020 Annual Report and its Sustainability Fact Book. These documents complement... Read more


Rusal becomes preferred supplier to Kosei

(Posted on 24/02/21)

Rusal, a leading global aluminium producer, has announced that it has been named the preferred global... Read more


Rusal acquires German aluminium producer

(Posted on 17/02/21)

Rusal a leading global aluminium producer, has announced that it has agreed to acquire the business... Read more


Low-carbon iron MoU signed

(Posted on 17/02/21)

Rio Tinto, Paul Wurth S.A. and SHS-Stahl-Holding-Saar GmbH & Co. KGaA (SHS) have signed a Memorandum... Read more


Ukraine’s agricultural export record

(Posted on 10/02/21)

The share of agro-industrial products in the general structure of exports from Ukraine in 2020 reached... Read more


Rusal operating results

(Posted on 10/02/21)

Rusal, a leading global aluminium producer, has announced operating results for the fourth quarter of... Read more


Global crude steel output decreases by 0.9%

(Posted on 04/02/21)

Global crude steel production reached 1,864.0 million tonnes (Mt) for the year 2020, down by 0.9% compared... Read more


AIC responds to Defra’s urea consultation

(Posted on 04/02/21)

The Agricultural Industries Confederation (AIC) in the UK believes that a ban on the sale and use of... Read more


CimbriaCleveland Cascades LtdSailors SocietyThe Wolfson Centre for Bulk Solids Handling Technology Port of South LouisianaTBA Group
  • Sailors Society
  • Cleveland Cascades Ltd
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping