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Friday, 24 July 20
IPA: THERMAL COAL IMPORTS AT MAJOR PORTS DECLINE 35 PC TO 17.71 MT IN APR TO JUNE - ECONOMIC TIMES
These ports had handled 27.13 MT of thermal coal and 14.95 MT of coking coal in the April-June period of the previous financial year
Thermal coal imports at India's 12 major ports dropped 34.70 per cent to 17.71 million tonnes (MT) in the the first quarter of the current fiscal, according to the Indian Ports' Association (IPA). Impacted by the COVID-19 pandemic, coking coal imports too witnessed a decline 28.49 per cent to 10.69 MT in the quarter.
These ports had handled 27.13 MT of thermal coal and 14.95 MT of coking coal in the April-June period of the previous financial year.
The IPA, which maintains cargo data handled by these ports, in its latest report said "percentage variation from the previous year" in thermal coal and coking coal handling was 34.70 per cent and 28.49 per cent, respectively.
Thermal coal is the mainstay of India's energy programme as 70 per cent of power generation is dependent on the dry fuel, while coking coal is used mainly for steel making.
India is the third-largest producer of coal after China and the US, and has 299 billion tonnes of resources and 123 billion tonnes of proven reserves, which may last for over 100 years.
India has 12 major ports -- Kandla, Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (Ennore), V O Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia) -- that handle about 61 per cent of the country's total cargo traffic.
These 12 ports had handled 705 MT of cargo in the last financial year.
Cargo handled by the country's major ports declined by 19.68 per cent to 141.92 MT in the first quarter of this fiscal.
These 12 ports had together handled 176.69 MT of cargo during April-June period of 2018-19.
Ports like Chennai and Kamrajar saw their cargo volumes nosedive about 40 per cent during April-June, while Kolkata and JNPT suffered a drop of over 30 per cent.
While Chennai port saw 39.91 per cent decline in cargo handling to 7.28 MT, Kamarajar (Ennore) port suffered a drop of 39.41 per cent to 5.16 MT in April-June, as per IPA data.
Cargo handling at Cochin port slipped 33.78 per cent to 5.63 MT, while the same at JNPT declined 31.38 per cent to 12.09 MT. Kolkata port logged a fall of 27.26 per cent to 11.72 MT.
Container trade was severely hit as it recorded a decline of 32.28 per cent in terms of TEU (twenty foot equivalent unit), while thermal coal handling declined by 34.70 per cent.
Ratings agency Icra had earlier said that while all cargo segments are vulnerable, container segment is expected to be more adversely impacted.
While general cargo throughput may witness 5-8 per cent contraction for the full year 2020-21, the container segment may drop 12-15 per cent, it had said.
Source: Energy.economictimes.indiatimes
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Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...
Tuesday, 04 August 20
KOEN INVITED BIDS FOR TOTAL 900K MT OF MIN 5600 NCV COAL FOR 3 YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 260,000 to 300,000 Tons (MT) min. ...
Tuesday, 04 August 20
THE WORLD’S FLEET OF COAL-FIRED POWER STATIONS HAS GOT SMALLER FOR THE FIRST TIME ON RECORD, WITH MORE CAPACITY RETIRED IN THE FIRST HALF OF 2020 THAN THE AMOUNT OPENED - IEA
This is according to the latest Global Coal Plant Tracker (GCPT) results by Global Energy Monitor (GEM), which we completed last month and report f ...
Monday, 03 August 20
U.S. COAL CONSUMPTION, WHICH HAS DECLINED SINCE ITS 2007 PEAK, FELL TO ITS LOWEST POINT IN APRIL 2020 - EIA
According to the U.S. Energy Information Administration’s (EIA) most recent Monthly Energy Review, the United States consumed 6.5 quadrillion ...
Monday, 03 August 20
LOW OIL PRICE AND CORONA VIRUS HIT SUB-SAHARAN AFRICA OIL PRODUCERS - FITCH RATINGS
The collapse in oil prices and the coronavirus shock is worsening the fiscal and external balances of sub-Saharan African oil producers, Fitch Rati ...
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