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  • KOMIPO INVITES BIDS FOR 260,000 MT OF MIN. 5700 KCAL/KG NAR COLOMBIAN COAL FEB-MAR 2020 LOADING. BID SUBMISSION ON OR BEFORE 1400 HRS ON NOVEMBER 22, 2019 (KST)
  • EIA FORECASTS THAT U.S. COAL PRODUCTION IN 2020 WILL TOTAL 607 MMST APPROXIMATELY 19.70% DECRESAE FROM THE 2018 LEVEL
  • EIA EXPECTS TOTAL U.S. COAL PRODUCTION IN 2019 TO TOTAL 698 MILLION SHORT TONS (MMST), AN 8% DECREASE FROM THE 2018 LEVEL OF 756 MMST
  • EIA EXPECTS U.S. STEAM COAL EXPORTS TO FACE INCREASING COMPETITION FROM EASTERN EUROPEAN SOURCES, AND THAT RUSSIA WILL FILL A GROWING SHARE OF STEAM COAL TRADE, CAUSING U.S. COAL EXPORTS TO FALL IN 2020
  • NOV 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.27 A TON
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Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
 
Surge in coal imports has now forced Coal India Ltd (CIL) to start meeting power producers individually from today and find ways to help them reduce their dependence on imports, DNA reported.
 
According to DNA, "ln order to reduce imports, as advised by Ministry of Coal, one-to-one meeting shall be held with coal consumers for substitution of coal import in 2019-20," Coal India recently communicated to all those consumers, including power plants which have been importing coal.
 
Discussions would also be held with those who are even contemplating imports in the current financial year, CIL officials said.
 
DNA further noted that, India's coal and coke imports during 2018-19 grew 8.83% to 233.56 million tonne (mt) compared to 214.61 mt imported in fiscal 2018, as per import data from 31 major and non-major ports.
 
Imports of thermal coal, mainly used in power generation, were up 13.25% at 164.21 mt in the last fiscal against 144.99 mt in the previous year, while coking coal import remained flat at 47.73 mt.
 
In March, thermal coal imports were 14.10 mt, against 13.53 mt in February 2019, said DNA.
 
"Representatives of all the power utilities who are currently importing coal and or planning to import coal in FY20 are requested to make it convenient to attend the meeting," the CIL communique said.
 
CIL has been trying to encourage import substitution with domestic supplies at power plants, which so far hasn't been successful as imports have continued.
 
"It is learnt that some of the power plants having Fuel Supply Agreements with Coal India have not utilised this opportunity and are importing coal. Therefore, it is again requested that these power plants may apply to the marketing division of CIL for sourcing of domestic coal as a substitute for import by road mode from sources where coal is available with CIL," a letter issued by the mining major's marketing department in February said.
 
The initiative started in September of 2018 when coal as well as power secretaries started meeting with power producers to devise strategies to reduce
 
STEMMING THE TIDE
  • Discussions would also be held with those who are even contemplating imports in the current financial year  
  • India's coal and coke imports during 2018-19 grew 8.83% to 233.56 million tonne compared to 214.61 mt imported in fiscal 2018


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Recent News

Tuesday, 22 October 19
DRY BULK: DESPITE THE DOWNWARD CORRECTION NOTED OVER THE PAST MONTH, RATES ARE STILL HOLDING OFF AT FAVORABLE LEVELS - ALLIED SHIPPING
Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Ev ...


Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...


Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...


Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence ...


Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...


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