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Friday, 07 October 16
CEYLON SHIPPING CORPORATION HAS TAKEN DELIVERY OF COAL CARRIER MV.CEYLON PRINCESS
Ceylon PrincessSri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal to power plants.

According to Lanka business online, Minister of Port and Shipping of Sri Lanka said that this will ensure energy security.

“Having our own ships will ensure some stability in coal delivery for our power stations,” Arjuna Ranatunge, minister of Port and Shipping said at the Colombo port, Wednesday, said Lanka business online.

According to reports, the Chinese built ship will help transport coal to the Lakvijaya and Norochcholai Power plants.

The ships has a cargo carrying capacity of 63,000 tonnes and can also be used for training purposes.

Norocholai Power Station is a 900-megawatt (MW) coal-fired power station in the Puttalam District of the Northwestern Province in Sri Lanka. It is Sri Lanka's first coal power plant. Norochcholai Power plant use between 650,000 to 700,000 tonnes of coal a year.(photo credit - Ceylon Shipping Corporation Ltd)


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Friday, 07 October 16
INDONESIA'S DEMAND FOR COAL REMAINS STRONG: BP
Indonesia's domestic demand for coal shows no sign of slowing down as the country is banking on its coal abundance to meet the country' ...


Friday, 07 October 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 540.5 MMST; DOWN 21.9% Y-O-Y, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.7 million short ton ...


Thursday, 06 October 16
SHIPS IN PACIFIC ACHIEVE JUST ABOVE $10K DAILY FOR A BRAZIL ROUND VOYAGE - FEARNLEYS
Supramax Slower week with limited activity due to holidays in the East. Mixed feelings within different markets, with slight downturn in Pacific ...


Wednesday, 05 October 16
OPEC TO SHUT OFF MORE THAN 6 PERCENT OF ITS PRODUCTION; MIXED FEELING AMONGST TRADERS - ALLIED
OPEC recent accord to shut off more than 6 percent of its production this past week has been met with mixed feeling amongst traders.  As we mo ...


Wednesday, 05 October 16
SHIPPING MARKET INSIGHT
On September 27th the OPEC petroleum and energy ministers arrived in Algeria to attend the International Energy Forum, which brought together produ ...


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