Tag: coal

China has tried to find alternatives as coal imports transported by sea lose market share according to Veson Nautical data. The share of Chinese coal imports being transported by sea have fallen sharply in the last two years, down from 93% of the total between 2015-2022 to 76% in 2023-2024 according to a new report by commodity market intelligence provider Oceanbolt, a Veson Nautical solution. The report ‘How China’s New Silk Road is Impacting Maritime Coal Transport’, states that despite coal exports to the world’s second largest economy soaring 62% to 473.4 million tonnes in 2023, seaborne imports only increased by 45%. The data represents a seismic shift in global trade flows as China looks to diversify supply away from traditional exporters and capitalize on geopolitical uncertainty by purchasing discounted coal from other sources. Australia bearing the brunt The report also states that Australia’s share of China’s coal imports fell sharply, from 26% in 2019 to just 11% in 2023 after the unofficial ban on Australian coal imports was lifted. Since all Australian coal exports to China are seaborne, this decline largely explains the recent drop in seaborne coal volumes. “The country that has been impacted the most in this ...

A climate change protest on New South Wales forced an inbound ship to turn back from Australia's largest terminal for coal exports.

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, examines the drop in coal shipments to advanced economies.

U.S. exports of thermal coal to Asia and Africa surged in the first half of 2024, helping to drive overall U.S. coal exports (thermal and metallurgical) to 53 million short tons (MMst) from 49 MMst in the first half of 2023.

In this week’s “Shipping Number of the Week”, BIMCO's Shipping Analyst, Filipe Gouveia, examines the rise in coal shipments to India, the world’s second largest importer of coal.

According to Reuters, CSX is set to resume normal coal export operations at the Port of Baltimore this week, as confirmed by the railroad’s CEO.

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, examines the slowing growth in electricity generation from fossil fuels in China and the jump in generation from renewables. The development will impact steam coal shipments into China. 

According to Mitsui O.S.K. Lines (MOL), the Shofu Maru coal carrier equipped with the Wind Challenger hard sail wind propulsion system, has confirmed that the vessel achieved daily fuel savings of up to 17% and average voyage savings of 5 to 8%.

NorthStandard P&I club warns against the dangers of loading coal cargoes with temperatures in excess of 55°C, after noticing many instances, with Indonesia being a particular hot spot.

As the US Energy Information Administration (EIA) explains, the collapse of the Francis Scott Key Bridge has disrupted shipping traffic from the Port of Baltimore, the second-largest coal exporting hub in the U.S., accounting for 28% of total coal exports in 2023.