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Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
 
The country, the world’s second-largest consumer of coal, imported 176 million tons of thermal coal in 2023, Reuters reported earlier in the year.
 
Imports are expected to not go beyond 160 million tons in 2024, Rajat Handa, vice president of international trade at a coal importing firm Agarwal Coal, told Reuters in February.
 
Reddy did not provide further details.
 
India has increasingly relied on coal to address power demand as it expects power generation to grow the fastest since at least 2011/12.
 
It has long defended the use of coal, but Prime Minister Narendra Modi’s administration has slowed the heavily polluting fuel-based capacity growth to focus on India’s green energy transition in a bid to meet its 2070 net zero emission goals.
 
India, which is under pressure from rich economies to stop or reduce coal use, has plans to set up new coal power plants with power generation set to begin four years later.
Source: Reuters


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Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...


Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...


Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...


Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.   ...


Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...


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