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Wednesday, 10 February 21
FY21 COAL DEMAND MAY BE LOWER THAN PREVIOUSLY ESTIMATED DUE TO COVID-19: PRALHAD JOSHI - PTI
 Coal demand in the current fiscal may be lower than the initial estimate of 1,085 million tonnes (MT) due to the impact of COVID-19, Parliament was informed on Monday.
Domestic supply of coal during the April-December period of the ongoing financial year stood at 489.89MT, Coal Minister Pralhad Joshi said in a reply in the Rajya Sabha.
“Initially demand of coal for current year i.e. 2020-21 was estimated at 1085 MT. However, due to COVID-19 effect actual demand of coal is likely to be less than estimated demand,” the minister said.
The demand of coal is higher than the current level of domestic supply of the fossil fuel, he added.
In FY’20, the actual demand of coal in the country was 955.26MT while the supply was 706.72MT, Joshi said.
The gap between demand and domestic supply of coal cannot be bridged completely as there is insufficient availability and reserves of prime coking coal in the country, the minister said.
Further, coal is imported by power plants designed on imported coal and high-grade coal required for blending purposes is also imported in the country as this cannot be fully substituted by the domestic sector which has limited reserves of high-grade coal.
The focus of the government is on increasing domestic production of the dry fuel through allocation of more coal blocks, pursuing with state government for assistance in land acquisition and coordinated efforts with Railways for movement of coal, he said.
In order to enhance domestic production, 25 percent of coal production has been allowed for sale in open market for newly allocated captive coal blocks.
Source: PTI
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Wednesday, 02 December 20
MARKET INSIGHT - INTERMODAL
It has been another busy week in the dry bulk secondhand market; a healthy number of sales reported predominantly from Japanese owners while owner& ...
Thursday, 26 November 20
DECLINE IN COAL EXPORTS ADDS TO NAVAJO-OWNED COMPANY'S PROBLEMS - IEEFA U.S.
Weak demand and low prices are likely creating steep losses for NTEC
U.S. coal exports to Asia—once heralded as the saving gra ...
Thursday, 26 November 20
COAL FINANCING QUICKLY DRYING UP WORLDWIDE - ANALYSTS : REUTERS
Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping ...
Wednesday, 25 November 20
LIBOR REPLACEMENT AND SHIP FINANCE - WHERE IS IT HEADING? - WFW
The likely replacement of the LIBOR at the end of 2021 creates difficult technical and practical issues for all sectors of business and finance. Th ...
Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
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- European Bulk Services B.V. - Netherlands
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- Chamber of Mines of South Africa
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- Australian Coal Association
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- Toyota Tsusho Corporation, Japan
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- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
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- Minerals Council of Australia
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- Tamil Nadu electricity Board
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- Petron Corporation, Philippines
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- Mercator Lines Limited - India
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- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
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- Indonesian Coal Mining Association
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- Global Business Power Corporation, Philippines
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- Antam Resourcindo - Indonesia
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- PTC India Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
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- Ministry of Finance - Indonesia
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- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
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- Kapuas Tunggal Persada - Indonesia
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