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Monday, 04 November 19
COAL INDIA'S OCTOBER PRODUCTION MAY FALL 20% - PTI
Coal India’s production in October is likely to be 19-20 per cent lower at about 40 million tonne, as compared to 49.77 million tonne produced in the year-ago month, the output data suggested, PTI reported.
 
According to PTI, the miner, which has a target to produce 57.17 million tonne for the month, has actually produced 37.92 million tonne of coal till October 30, according to the data. The coal behemoth had produced 30.77 million tonne in September this year.
 
The data indicates that the miner’s rate-of-production has not been picked up, which led to a shortfall in the month.
 
Coal India aspires to produce 660 million tonne of the dry fuel in FY20, says PTI.
 
According to provisional data, the miner produced 278.92 million tonne of coal till October 30 in FY20, achieving 82.17 per cent of the target of 339.43 million tonne.
 
The miner’s data also suggested that its off-take target was 360.44 million tonne for the period while the company achieved 314.59 million tonne.
 
Rating agency ICRA had predicted that Coal India’s output target will be missed by 55-75 million tonne.


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Recent News

Thursday, 24 October 19
PANAMAX: NEGATIVE SENTIMENT IN THE MARKET AS IT CONTINUES TO WEAKEN - FEARNLEYS
Capesize The market has continued to slide the last week, as lack of fresh requirements and a slight oversupply of tonnage heading towards Sout ...


Wednesday, 23 October 19
CHINA'S 2019 COAL IMPORTS SET TO RISE MORE THAN 10%: ANALYSTS - REUTERS
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, ...


Wednesday, 23 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
Moving closer to the end of the year, we are facing what the market was expecting for quite a while, the ship repair sector booming with the shipya ...


Tuesday, 22 October 19
DRY BULK: DESPITE THE DOWNWARD CORRECTION NOTED OVER THE PAST MONTH, RATES ARE STILL HOLDING OFF AT FAVORABLE LEVELS - ALLIED SHIPPING
Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Ev ...


Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...


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