Tag: coal

In collaboration with the cargo experts at CWA International, The Swedish Club has produced cargo advice to assist shipowners and operators in the daily operation of their vessels.

Coal is an important, widely-used source of energy. However, its carriage as a cargo is associated with a number of hazards and it must be carried according to the relevant regulatory requirements.

Following China's decision to suspend the purchases and the offload of Australian coal back in October 2020, the region now plans to allow some stranded Australian coal shipments to unload despite the ban.

The UK Club notes that a great number of vessels are loading Australian coal, which leads to delays in receiving authorization to discharge in Chinese ports, providing its insight on the issues arising from the delay.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently designated six entities and identified four vessels related to the transport of North Korean coal.

The UK Defense Club reports that a number of ships loaded with Australian coal are experiencing significant delays in receiving authorization to discharge in Chinese ports.

China has suspended purchases of Australian coal, with ports having instructions not to offload the commodity. These measures are part of the political relations with Canberra, which made Beijing tightly control imports of the fuel.

In light of the COVID-19 pandemic and the disruption that has caused within the shipping industry, Chinese ports experience substantial delays to vessels carrying imported coal to China, in particular coal loaded in Australia.

Many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, but  imports of coal have followed the opposite trajectory, says Peter Sand, Chief Analyst at BIMCO.

An international energy consultancy launched the "Rapid pivot to gas" report highlighting that turning to gas will be the solution to deal with the increasing global energy demand. This assumption expects the phasing out of coal and oil in response to vehicle electrification and environmental pressures, along with a rapid and robust increase in renewable production.