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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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Thursday, 14 April 16
AUSTRALIAN MINING SERVICES SECTOR SQUEEZED BY MINERS' COST CUTS - FITCH RATINGS
Fitch Ratings says mining services companies' revenues and margins will remain under pressure as miners continue to focus on reducing costs ami ...


Thursday, 14 April 16
DRY BULKERS' PRICES COULD BE HEADING UPWARDS AS BUYERS' APPETITE INCREASES - HELLENIC SHIPPING NEWS
Investment sentiment is beginning to trend upwards in the market for second hand dry bulk carriers. According to the latest weekly report from ship ...


Wednesday, 13 April 16
U.S COAL PRODUCTION IS EXPECTED TO DECREASE BY 16 PER CENT IN 2016; THE LARGEST ANNUAL PERCENTAGE DECLINE SINCE 1958 - EIA
EIA estimates that U.S. coal production in March 2016 was 52 million short tons (MMst), a 2 MMst (4%) decrease from the previous month and 29 MMst ...


Tuesday, 12 April 16
INDONESIA COAL BENCHMARK PRICE INCREASES FOR SECOND STRAIGHT MONTH
COALspot.com: The Indonesia Coal Benchmark Price Increases For Second Straight Month in April 2016. The Director General of Mine ...


Tuesday, 12 April 16
NO FURTHER SIGNIFICANT COAL PRICE DECLINES IN THE FUTURE - FITCH
COALspot.com: Fitch does not expect further significant coal price declines because producers sector-wide are suffering losses while China and Indo ...


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