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Monday, 08 August 16
THE TURKISH GOVERNMENT HAS IMPOSED A $15 A TON DUTY ON POWER PLANT COAL IMPORTS - MEDIA
Coal ExcavatorCOALspot.com: The Turkish government has imposed a US$15 per ton duty on thermal coal imports for use in its power sector.

According to media reports, the tax is to be paid by power producers and is levied on a GAR-basis for imported coal and EU-suppliers are exempt from the duty.

The Turkey is importing most of the coal from Colombia, market reports say.

According to Wood Mackenzie, the law is an attempt to curb imports and deliver a stronger contribution from Turkey's domestic market; however, given weak alternatives (poor domestic supply, more costly gas) we do not see an immediate impact.

The European Association for Coal and Lignite's report noted that, the Turkey has around 1.3 billion tonnes of hard coal and 13.9 billion tonnes of lignite reserves and resources, of which 0.5 billion tonnes and 13.4 billion tonnes respectively are proven reserves.

Turkey has imported around 31.5 million tons of coal in 2014 and produced around 41.8 million tons of lignite and 1.5 million tons of hard coal.

According to Euracoal, In 2015, the Turkish government approved the construction of three new coal-fired power plants, increasing capacity by 2 X480 MW and thermal coal imports by 6.2 Mt/year. Filiz Enerji was given clearance for a 1 200 MW coal power plant in Canakkale, on the Aegean coast, consuming 3 Mt/year.

Atakas Energy received approval for a 680 MW power plant at Iskenderun, on the Mediterranean coast, adding about 1.7 Mt/year. Finally, IC Ictas Energy has permission for a 600 MW power plant, requiring about 1.5 Mt/year, near the city of Adana, in the south of the country.

In 2016, Tosyali Electricity received approval for another power plant at Iskenderun, of 1 200 MW, based on 3 Mt of imported thermal coal, EURACOAL's data shows.


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Friday, 02 September 16
EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 19 MMST IN 2016 TO 55 MMST
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Thursday, 01 September 16
SUPRAMAX GETTING LEVELS OF MID/HIGHER 7K DELIVERY SINGAPORE FOR TRIPS TO CHINA AND AROUND 9K FOR DIRECTION INDIA - FEARNLEYS
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Thursday, 01 September 16
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COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1.10 bill ...


Wednesday, 31 August 16
THE DRY BULK MARKET MANAGED TO FIND FURTHER SUPPORT DURING THE LAST DAYS OF THE SUMMER SEASON - INTERMODAL
The Dry Bulk market managed to find further support during the last days of the summer season, with the BDI climbing above 700 last Friday, reachin ...


Tuesday, 30 August 16
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The sudden surge in Iron ore trade has crept up on the market this past week bringing about a change in the prospects for Capes. Continued increase ...


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