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Wednesday, 14 June 17
WORLD COAL PRODUCTION FELL BY 6.2%, THE LARGEST ANNUAL DECLINE ON RECORD - BP
bp logoCOALspot.com: The 2017 edition of the BP Statistical Review of World Energy, shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges.

Data published in the Review clearly demonstrate Global coal consumption fell for the second successive year, down by 1.7% or 53 million tons of oil equivalent (Mtoe). This decline brought coal’s share of primary energy production to 28.1%, its lowest share since 2004.

Declining consumption was driven primarily by the US (down 8.8%, 33Mtoe), and China (down 1.6%, 26Mtoe) World coal production fell by 6.2% or 231Mtoe, the largest annual decline on record. The falls in production were again driven by China (down 7.9% or 140Mtoe) and the US (down 19%, or 85Mtoe).

In the UK, coal consumption more than halved (-52.5%). UK coal consumption has now fallen to levels last seen at the start of the Industrial Revolution around 200 years ago. The UK power sector recorded its first ‘coal-free’ day in April 2017.

The BP's Statistical Review of World Energy clearly says the long-term transitions now underway in the markets, with a shift to slower growth in global energy demand, demand moving strongly towards the fast-growing developing economies of Asia, and a marked shift towards lower carbon fuels as renewable energy continues to grow strongly and coal use falls.


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Monday, 24 April 17
THE FREIGHT MARKET WAS DOWN WEEK OVER WEEK EXCEPT FOR HANDYSIZE SEGMENT
COALspot.com: The Freight market was fell, week over a week as all segments show a negative downward trend except Handy Size segment this past week ...


Friday, 21 April 17
US WEEKLY COAL OUTPUT ON THE UP, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...


Thursday, 20 April 17
SHIPPING POOLS: DON'T JUST DIVE IN - MOORE STEPHENS
Shipping pools can be an attractive option for ship owners and operators, particularly in difficult markets and during periods of economic uncertai ...


Thursday, 20 April 17
THE DRY BULK MARKET IS STILL ON ITS UPWARD MOMENTUM - ALLIED SHIPPING
Having gone through the first quarter of the year and with the Easter break having no come and gone, it seems as though the dry bulk market is stil ...


Thursday, 20 April 17
CHINA'S IMPORT OF IRON ORE TO PROPEL DRY BULK SHIPPING DEMAND IN 2017 - PETER SAND
China's import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shippin ...


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