Coaltrans Poland 2020Coaltrans MENA 2020Cimbria Bulk Equipment A/STOC EventsBühler GmbHSailors Society
  • TBA Group
  • Cleveland Cascades Ltd
  • Vigan
  • Coaltrans School of Coal Singapore 2020
  • Sailors Society
  • Bühler GmbH

World trade in hard coal rose in 2018

(Posted on 21/07/19)

German Coal Importers Association e. V. (VDKi), which represents the interests of the imported hard coal market in Germany has announced that World Trade in Hard Coal Rose by 4.7% in 2018. The association believes that Hard Coal Can Prevent Stress in the Electric Power System in Germany.

Hard coal-fired power plants secure supply during load peaks, are not affected by the dark doldrums and prevent fluctuations in power tension that can cause major financial losses to private households and industry. The “Coal Commission” has proposed financial incentives for the construction of open-cycle gas turbines. These plants have a lower degree of efficiency, however, and a lot of money must be spent and a lot of resistance among the population must be overcome before they can be built while hard coal-fired power plants are available right now.

The exit from hard coal is already well under way even without the “Coal Commission”: in 2018, the volume of hard coal used for power generation declined by 16.3% (2017: -16.4%). A decline of 23% has accrued for 2019 so far. The hype regarding an exit decision for hard coal is not understandable.

Shutting down the best energy source that already exists for securing German power supply will not have any impact whatsoever on global climate. Countries such as Denmark, France, Great Britain and Canada have joined an alliance for the purpose of exiting coal quickly. Swedish scientists have calculated that this corresponds to 1/150 or 0.67% of the estimated emissions from hard-coal-fired power plants worldwide by 2050. Germany is not a member of this alliance, but wants to make a decision for the exit from coal in this year. This would save 0.25% of the estimated emissions from hard-coal-fired power plants worldwide up to 2050. Not a reason to put our power supply at risk.

The worldwide trend to more hard coal is unabated. World hard coal production in 2018 came to 7.1 billion tonnes – exceeding the high point of 2015. World trade has grown even faster. Take India as an example: according to IMF, the country will post the highest rate of economic growth worldwide in 2019 (7.2%). The energy demand in this country has not declined at all – despite its own production of 720 million tonnes (2018), the growing demand for coal can be covered solely by imports of 221 million tonnes (2018). Hard coal is not a discontinued model, but is instead securing economic growth in Asia. More information about this can be found in the latest Annual Report from the VDKi.

The VDKi currently has 59 members, whose plants consume about 80 % of the German hard coal requirement of around 47 million tonnes. Imported coal covers 100 % of Germany's coal requirements and thus represents the majority of the hard coal market in Germany with a financial volume in the billions. The association regularly examines the significance of the global hard coal markets for the European and German import hard coal markets, points out prospects for the further development of imports and regularly publishes statistics on German hard coal imports and prices.

Latest News

Glencore results reflect trade uncertainty

(Posted on 18/02/20)

Glencore’s Chief Executive Officer, Ivan Glasenberg, commented: “Our performance in 2019... Read more


IFA conference champions sustainability

(Posted on 18/02/20)

From February 3rd to 7th, the International Fertilizer Association (IFA) welcomed 170 leaders from the... Read more


USGC plan trade strategy

(Posted on 14/02/20)

Members of the U.S. Grains Council (USGC) arrived in Tampa, Fla., for the organization’s winter... Read more


Bühler reports good performance

(Posted on 14/02/20)

In 2019, Bühler delivered good performance at Group level, increasing the EBIT margin to 7.6% (... Read more


Tomakomai CCS demonstration

(Posted on 13/02/20)

The World Coal Association (WCA) have been invited to visit the Tomakomai CCS Demonstration Centre in... Read more


Rusal’s new Japan director

(Posted on 13/02/20)

RUSAL, one of the world’s major producers of aluminium, has appointed Ayumi Murakami as Representative... Read more


Rusal’s eco-friendly investment

(Posted on 02/02/20)

Rusal, one of the world’s largest aluminium producers, has invested approximately 600 million... Read more


Cleveland-Cliffs and AK Steel merger advances

(Posted on 31/01/20)

Cleveland-Cliffs Inc., the largest and oldest independent iron ore mining company in the United States... Read more


First for SSY Futures

(Posted on 31/01/20)

SSY Futures Ltd is pleased to announce that it has arranged the first trade in Mid-Western Aluminium... Read more


CDP recognises ArcelorMittal

(Posted on 31/01/20)

ArcelorMittal has been recognised by CDP for its leadership on corporate transparency and action on... Read more


Port of BelleduneCleveland Cascades LtdTBA GroupPort of StocktonTelestackVigan
  • Coaltrans MENA 2020
  • Port of Belledune
  • The Wolfson Centre for Bulk Solids Handling Technology
  • TOC Events
  • Cimbria Bulk Equipment A/S

Subscribe to our newsletter

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