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Friday, 03 February 17
U.S. WEEKLY COAL PRODUCTION DECLINED 3.9% W/W; ROSE 17.7% Y/Y
EIACOALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short tons (mmst) of coal in a week (For the week ended January 28, 2017), EIA said in its latest report.

According to EIA’s latest report, this production estimate is 3.9% lower than last week's estimate and 17.7% higher than the production estimate in the comparable week in 2016.

East of the Mississippi River produced totalled an estimated 6.4 mmst (down 3.03% week over week) and west of the Mississippi River produced totalled an estimated 9.7 mmst (down 3.96% week over week), according to weekly figures released by the US Energy Information Agency (EIA), on February 2, 2017.

U.S. year-to-date (as of January 28, 2017) coal production totaled an estimated 62.4 mmst, 13.6% higher than the comparable year-to-date coal production in 2016.

Coal Exports
According to EIA's Quarterly Coal Report, the third quarter 2016 U.S. coal exports (12.6 million short tons) decreased 11.7% from second quarter 2016 and decreased 25.8% from third quarter 2015. The average price of U.S. coal exports during the third quarter 2016 was $67.24 per short ton.

Coal Imports
EIA further says in its Quarterly Coal Report, the United States continued to import coal primarily from Colombia (79.7%), Canada (11.8%), and Indonesia (6.2%).

No imports were recorded from Australia for third quarter 2016.

U.S. coal imports in third quarter 2016 totaled 2.7 million short tons. The average price of U.S. coal imports during the third quarter 2016 was $62.70 per short ton.

November Coal Output
According to EIA, U.S. coal output in November 2016 was 70.7 million short tons (MMst), the third time this year monthly production exceeded 70 MMst.  EIA further noted that, forecast annual coal production declines by 15% to 758 MMst in 2016, which would be the lowest level of coal production since 1978. Coal production is forecast to increase by 2% in 2017.
Source: EIA


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Thursday, 16 February 17
IF I PLAN TO UNDERTAKE A CHARTERPARTY WITH AN UNFAMILIAR ENTITY, WHAT STEPS CAN I TAKE TO ENSURE THE CHARTERER WILL PAY THEIR HIRE? - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE Due to the difficult conditions currently existing in the shipping market, particularly in the offshore sector, Members a ...


Wednesday, 15 February 17
SHIPPING MARKET INSIGHT - INTERMODAL
Looking at the state of the Dry Bulk market exactly a year ago, there is no doubt that there is a significant improvement and despite the fact that ...


Tuesday, 14 February 17
OPTIMISM HAS STARTED TO SLOWLY FLOW BACK INTO THE DRY BULK MARKET - GEORGE LAZARIDIS
Optimism has started to slowly flow back into the dry bulk market, with many in the market showing renewed optimism as the Pacific basin starts to ...


Monday, 13 February 17
COMBINED COAL SALES OF BUMI RESOURCES ROSE TO 87.7 MILLION TONS IN FY'16; UP 10.6 PERCENT Y/Y
COALspot.com: Combined Coal Sales of Bumi Resources rose to 87.7 million tons in FY’16 compared with 79.3 million tons in FY’15.   ...


Monday, 13 February 17
THE FREIGHT MARKET CONTINUED TO TUMBLE IN FEBRUARY
COALspot.com: The Freight market was continued its downfall in all segments except Panamax for the week ending 10 February 2017. The Balt ...


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