Monday, 09 May 11
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
In total coal imports reached 4.5 Mt in the quarter - relatively small when compared to the big players like Japan, China and South Korea - but considering this is more than the total imports for the whole year just a decade ago the growth is notable.
The emphasis this year has been on the steam coal side with imports ahead by 29 percent and more than compensating for the 9 percent drop in coking coal requirements. With a further 660 MW of coal capacity due to come on-stream in November at the Gheco-one plant it seems as if coal imports will be increasing for the next two years at least.
source: ICAP Shipping, coalspot
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