SIGN UP

COMPANY INFORMATION
Company Name*
Website
Email ID
Phone
Company Address*
Company State*
Company City*
Pin Code*
 I agree to the Terms and Conditions.
captcha image
< BACK       

Dry Bulk Market: The Case for the US Coal Exports to China Trade

Share:            
news
Source: Hellenic Shipping News Worldwide, May 7, 2019

While the US-China trade friction of the past few months has, undoubtedly, hurt shipping in more ways than one (dry bulk shipping not excluded), it seems that some good can also be made of it, especially if a sustainable agreement can be reached. This could involve the rise of US exports of commodities to China, from soyabeans and LNG, but most importantly coal.



In a recent note, shipbroker Banchero Costa said that “with increasing investment in renewable energy, the United States continues to steadily phase-out its aging coal-fired power plants. In 2018, the US retired 12.9 GW of coal-fired capacity. According to some industry projections, further 6 GW of coal-fired capacity will be retired in 2019, and 5 GW in 2020. With domestic demand in decline, US coal producers are becoming increasingly reliant on the export market. Whilst in 2006 only 4 percent of US coal production was exported, the ratio went up to a record 15 percent in 2018. In 2018, the United States exported 105 mln tonnes of coal, which was 19.3 percent up year-on-year, and the second highest annual total ever (second only to the 114.2 mln tonnes recorded in 2012). And this year started extremely well as well, with a record 10.8 mln tonnes loaded in March 2019, up from 7.3 mln tonnes in March 2018, according to Refinitiv data.

Of the 105 mln tonnes exported in 2018, 55.8 mln tonnes was coking coal (up 11.3 percent year-on-year) whilst 49.1 mln tonnes was thermal coal (up 29.8 percent year-on-year)”.

News Source: Hellenic Shipping News Worldwide

Top ports record marginal upswing in FY19 cargo ha...

Makhado thermal off-take agreement signed

Indonesian thermal coal miner sets up digital tech...

Peabody coal sales and revenues drop on year; glob...

US western basin coal production totals 16.6 milli...

Coal India April output rises 1% to 45.29 million...

Cyclone Fani shuts Indian coking coal ports

New York coal phase-out expected to have limited p...

Queensland coal ship queues clearing slowly

Indonesia March Coal Exports Hit Record

Low-CV Indonesian physical coal prices edge lower

Major ports cargo traffic rises 6 pc to 60 MT in A...

Coal stocks at India power plants begin to decline...

BHP dark on thermal coal's future

European coal terminals near full capacity

French bank SocGen further reduces business with c...

Russia's Mechel says Q1 core earnings fall 17 pct...

Colombia coal production up 6.5% in first quarter

Outlook for coal challenged as no appetite for gro...

Pacific coal prices fall amid sluggish China deman...

India's power production to grow 5-6% in FY20 on n...

NTPC aims for 10.4Mt of captive coal production th...

China Taiyuan coal transaction price index up 0.06...

Increased power supplies keep prices under control...

Front-year coal hits fresh 2-year low on bearish m...

Coal takes record low monthly share of UK power mi...

Time to Change the Power Play

Drop in flow to China, Japan push May Australian G...

ICI 4 coal derivatives prices hold steady after ho...

Dry Bulk Fleet Utilization Down By 3.7% During Fir...

Rio Tinto Coal Australia releases further details...

Norway fund may have to offload $1 bln stake in Gl...

How China Overpowered the U.S. to Win the Battle f...

Transporters’ strike hits coal supply in Dhanbad’s...

Singareni Collieries Apr-May coal output at 11 MT

Coal prices to extend 3-year lows on demand dearth

Australia’s Aurizon aims to fill 80 million mt/yea...

Southern Asia urged to wind down coal to keep warm...

Indian power producers want more coal on rail to l...

Indonesia’s Bukit Asam aims coal gasification from...

China Taiyuan coal transaction price index down 0....

Coal Gets $64 Billion Lifeline From G20 Government...

South Africa’s entire coal line shut for maintenan...

Russia’s Mechel plans to raise coal output to 20-2...

US coal generation falls to 47-year low in April:...

Coal scam: CBI court orders framing of charges aga...

Indonesian physical coal prices hold steady

US coal producer Blackjewel files for Chapter 11 b...

German Lender Pulls Out of Coal as Merkel Vows Gre...

Two Wyoming coal mines close, send 700 workers hom...

China's Shandong province plans further coal usage...

Singareni produces 17 mn tonnes of coal during Apr...

Coal to Dominate India Power to 2030 Despite Renew...

Strike stalls coal loading at Haldia port

China’s benchmark power coal price remains flat

Indonesia coal benchmark price (HBA) falls for 11t...

China Taiyuan coal transaction price index up 0.01...

Indonesian coal prices steady amid slow spot trade

Baltic index rises to 5-1/2 year high as vessel de...

Coal block auction to start shortly; policy change...

Colombian May thermal coal exports up 32.3%: DANE

China’s June coal imports fall as local miners boo...

Coal clinging on in South and East Asia

China Taiyuan coal transaction price index down 0....

China's top coal province defies Beijing, allows n...

China to provide tariff exemptions on US imports;...

High stockpiles at Chinese power plants to put pre...

China Taiyuan coal transaction price index up 0.13...

Shanghai steel rises to highest since 2011 on down...

Share: