Tag: coal

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, examines the state of Russian coal shipments two years after the start of the war in Ukraine and how sanctions have affected the country’s export of coal.

Kawasaki Kisen Kaisha (“K” LINE) and NIHON SHIPYARD CO., (NSY) have entered into a contract for the construction of three post-Panamax bulkers which NSY had newly developed and designed as next-generation, environmentally friendly ships.

According to Gitana Røyset, Claims Executive, Arendal, global coal consumption climbed to an all-time high in 2022 and is on track for a record-breaking 2023 and 2024. 

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

According to International news, on 17th November, a cargo ship, “MV Prince of Ghashiakhali,” capsized in the Pashur Channel of Mongla Port in Bagerhat, due to cyclone Midhili’s severe weather.

According to the U.S. Energy Information Administration (EIA) U.S. coal exports increased by 5.7 million short tons (MMst) in the 12 months after EU sanctions on coal from Russia went into full effect in August 2022.

Norden and Teck Resources Limited mining company announced they have signed an agreement to reduce CO2 emissions in Teck’s steelmaking coal supply chain. 

In this week’s Shipping Number of the Week, BIMCO examines Chinese coal stocks which reach record high as seaborne imports surge 73%.

Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) announced that it will build a dual-fuelled bulk carrier at Oshima Shipbuilding that will be intended for charter with Kansai Electric Power Co.

In latest BIMCO’s “Shipping Number of the Week” analysis, Filipe Gouveia, looks at the surge in coal exports from Indonesia to primarily China, but also to other countries in East and Southeast Asia. India, however, has increasingly imported coal from Russia at the expense of Indonesian coal.