Tag: coal

World Economic Forum discovered eight areas that are most likely to experience an advancement that result in serious impacts for the energy sector as a whole. Yet, the eight shifts could impact fossil fuel and result to its reduction. Today, due to climate change and the challenges the environment faces it is of a big importance for the industry to find solutions in additional renewables. 

According to Reuters, Chinese coal traders have stopped ordering Australian coal as clearing times through China’s customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices.

Gard comments on several cases, that took place recently, that involve banks claiming for misdelivery of coal cargoes at Indian ports. The misdelivery has to do with the challenges that follow when a cargo is delivered without the production of the original bills of lading.

IEA published its gas outlook concerning global markets, business models and pricing arrangements. Although the World Energy Outlook doesn’t have a forecast for what gas markets will look like in 2030 or 2040, the scenarios and analysis provide some insight into the factors that will shape where things go from here.

During 2018, port of Gdansk transhipped approximately all of the products that were transported in all Polish ports. Due to this, the port is approaching to the podium of the largest Baltic ports. In 2018, the port shipped more than 49 million tonnes, an increase of 20.7% is the highest growth dynamics on the Polish coast.

The unexpected increase in solar and wind power in the US will result to a decrease of coal in the next few years. Renewable energy, led by solar and wind, is foreseen to be the fastest-developing source of US electricity generation for at least the next two years, according to a report published Friday by the US Energy Department.

South Africa’s Richards Bay Coal Terminal informed earlier this week that 2018 coal exports decreased to 73.47 million tonnes from its record high of 76.47 million tonnes in 2017, due to less exports to South Korea. Namely, Africa’s largest coal export facility was aimed to export at least 77 million tonnes of coal in 2019, reaching its 2018 target.

World's coal seaborne trade increased by 3.7% in 2018, because of higher input in India, Indonesia and Russia according to Germany's Verein der Kohlenimporteure (VDKI) coal importers, as stated by Reuters. Imports and exports rose to 1.202 billion tonnes from 1.159 billion tonnes in 2017, VDKI Managing Director, Franz-Josef Wodopia, noted. 

According to the St. Lawrence Management Corporation’s Business Plan, the St. Lawrence Seaway Schedule of Tolls was modified in 2019. The SLSMC announced a toll rate increase of 1.0% for the 2019 navigation season.  In addition, the New Business, Volume, Gateway and Service incentives will continue to remain in effect.

According to EIA, 23.7 gigawatts (GW) of new capacity additions and 8.3 GW of capacity retirements are expected for the U.S. electric power sector in 2019. The additions are embodied by wind (46%), natural gas (34%), and solar photovoltaics (18%), with the remaining 2% consisting primarily of other renewables and battery storage capacity.