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Tuesday, 26 April 16
INDONESIA BANNED COAL EXPORTS TO PHILIPPINES BY BARGES DUE TO SECURITY CONCERN
coal and excavatorCOALspot.com: The Ministry of Energy and Mineral Resources (ESDM) on behalf of the government of Indonesia has Freeze coal exports by barges to Philippines from Indonesia after ten Indonesians coal barge crew were abducted by Abu Sayyaf in Mindanao, Philippines. The 10 crew members were abducted from the Brahma 12 tugboat and the Anand 12 barge carrying 7,000 tons of coal.

According to media reports, the kidnappers have demanded P50 million (approximately $1.1 million) to free the Indonesian crew. However, as of today the crew members were still held hostage by the abductors.

According to reports, the government has blocked Indonesian flagged coal barges from Indonesian ports, leaving to the Philippines ports due to security concern. However, the coal shipments by big foreign flag ships were not affected by this ban. "All our shipments to the Philippines are delivered by ocean going Vessels", said one of the unaffected coal producers.

As quoted by the media, the excess coal due to the freeze of exports to the Philippines will be redirected to other countries. However, it is not clear whether immediate redirection of excess coal, which was initially allocated for Philippines to other countries, will be easy as suppliers think.

According to market information, Philippine is depending on Indonesia for coal for its power production as Indonesia is supplying around 70% of Philippine's total imported coal requirements. Indonesia has been the major coal supplier for Philippines for decades.


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Friday, 29 April 16
U.S. COAL IMPORTS IN Q4' 15 DECLINED TO 2.7 MMST FROM 3 MMST IN Q3' 15
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.3 million short tons (mm ...


Thursday, 28 April 16
PRICES OF POWER-STATION COAL IN INDONESIA IS INCREASING
COALspot.com: Inquiries for Indonesian 4200 - 4400 Kcal/kg GAR thermal coal cargoes from India suddenly increase recent days. A Jakarta-based ...


Thursday, 28 April 16
KOMIPO TO IMPORT 710K MT OF BITUMINOUS COAL DURING JULY - SEPTEMBER 2016
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 710,000 Metric Tons of Bituminous Coal for its B ...


Thursday, 28 April 16
CAPE: BIT MORE OPTIMISM IN THE MARKET; SUPRAMAX: FORWARD CURVE IS FALLING - FEARNLEYS
Cape A bit of a slower week. Activity level has dropped, though the rates do still remain firm, says Fearnleys in its latest weekly report. ...


Wednesday, 27 April 16
THE OCEAN SHIPPING EXPERIENCED DRAMATIC VOLATILITY IN THE BEGINNING OF 2016 - PANOS TSILINGIRIS
Shipping’s new (ab)normal The global economy and ocean shipping experienced dramatic volatility in the beginning of 2016 and as the glob ...


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