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Monday, 18 September 17
PROSPECTS ARE NOT SO CLEAR CUT FOR COAL - CLARKSONS
ClarksonsProspects are not so clear-cut for coal. According to Clarksons, coal has been a key energy source since the Industrial Revolution and in 2016, steam coal met 28% of global energy needs.

China and India’s fast-growing economies have been key drivers of steam coal demand and imports (e.g. from Indonesia) in the last few decades, but pressure from environmental policies are clearly building.

Still, seaborne trade represented 17% of global steam coal demand in 2016, compared to 9% in 1990.

The Clarksons further noted that, in the last three decades, global oil consumption increased by 40% to stand at 4.4bn tonnes in 2016 (equivalent to 33% of global energy demand). But seaborne trade in crude oil increased by over 70% to reach 1.9bn tonnes in 2016, representing 44% of world oil consumption, versus 36% in 1990.

In energy terms, global natural gas consumption was equivalent to 3.2bn tonnes of oil in 2016, accounting for 24% of global energy demand, up from 20% thirty years ago. The increasingly widespread adoption of LNG technology has seen the seaborne share of global gas consumption rise from 4% in 1990 to 10% in 2016.

As far as shipping is concerned, the continuing relevance of fossil fuels has been highly beneficial over the long run, with rising seaborne trade in coal, oil and gas supporting growth in the bulker, oil tanker and LNG fleets to a combined 22,000 vessels as of start September 2017.


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Tuesday, 17 October 17
SULPHUR 2020: COMING, READY OR NOT - ALIBRA SHIPPING
Some 70% of shipping companies surveyed say they do not believe the industry is ready for IMO’s 2020 deadline, when a global limit of 0.5% su ...


Tuesday, 17 October 17
U.S RECORD EXPORTS OIL TO EAST HAS HELPED THE TANKER TRADE - GEORGE LAZARIDIS
There was a flood of fresh news this week which clouded the overall prospects of the crude oil market. Just one week prior Saudi Arabia and Russia, ...


Monday, 16 October 17
INDONESIA TO INDIA COAL FREIGHT RATES STAY FIRM
COALspot.com: The daily average earnings for Supramax, for the route Indonesia to India passing through Singapore has stayed firm, week over week, ...


Friday, 13 October 17
INDIKA ENERGY SIGNS SHARE PURCHASE AGREEMENTS FOR AN ADDITIONAL 45% STAKE IN KIDECO
PT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate ...


Friday, 13 October 17
THE SHORT-TERM OUTLOOK FOR THE PANAMAX MARKET REMAIN POSITIVE - FEARNLEYS
Supramax The market has picked up strongly since last week with the Chinese holidays. In the Pacific rates are increasing with some strong number ...


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