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Source: REUTERS, July 12, 2019

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

The Baltic Exchange’s main sea freight index rose to its highest in more than five and a half years on Thursday, driven by higher rates due to a shortage of capesize and panamax vessels amid rising demand in the Atlantic region.



Th... Continue reading

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Source: Hellenic Shipping News Worldwide, July 12, 2019

Baltic Dry Index climbs to 1816, up 39 p...

Thursday, July 11 2019, the Baltic Dry Index climbed by 39 points, reaching 1816 points.



Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index... Continue reading

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Source: Platts, July 12, 2019

Coal’s share of US power generation may...

Demand for US thermal coal will “erode significantly” between 2020 and 2030 as total use for US power generation could fall to as little as 11% based on scheduled and likely retirements, Moody’s Investors Service wrote in a repor... Continue reading

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Source: PTI, July 12, 2019

Coal block auction to start shortly; pol...

Union minister Pralhad Joshi Wednesday said the auction of coal blocks would commence “very shortly”.



The coal minister also said that major policy changes would also be notified very shortly and expressed hope that the aucti... Continue reading

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Source: Argus Media, July 11, 2019

Atlantic coking coal: Turkey talks ongoi...

Coking coal prices remain under pressure in the Atlantic region with buyers still eyeing discounts to indexes.



The Argus daily fob Hampton Roads assessment for low-volatile coking coal edged down by 50¢/t to $170.50/t today. The dai... Continue reading

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Source: Montel, July 11, 2019

Analysts revise 2019 coal price outlook...

Pacific basin benchmark Newcastle coal prices will likely average USD 85.70/t this year, down 4.2%, or USD 3.80, from previous estimates, due in part to renewables expansion, said economic analysis firm FocusEconomics.
Prices in 2020 would av... Continue reading

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