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Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
BloombergLeaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climate objectives that are crucial to keeping global temperatures in check, according to a draft statement for this weekend’s summit.
 
The 11-page document seen by Bloomberg, which is still being negotiated by diplomats in Rome ahead of the meeting, shows key deliverables have yet to be agreed. The draft, dated Thursday, refers to the “existential challenge” of climate change.
 
Many references to climate objectives and dates are still in brackets or with large slabs of text highlighted in various colors, meaning they haven’t been finalized. That includes a vow to take “immediate action” to keep the objective of limiting global warming to 1.5 degrees Celsius within reach. There is a reference to ending the use of coal in domestic power generation, but the current wording would give countries wiggle room.
 
Some sort of agreement among G-20 leaders is essential as many of them then go onto Glasgow for the COP26 climate summit, which is designed to improve on the goals set under the Paris climate accord.
Source: Bloomberg


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Friday, 20 August 21
ARE WE LOOKING AT THE NEXT DRY BULK SUPER CYCLE? IS IT EVEN A CYCLE? - BIMCO
Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have soared to multi-year highs ...


Friday, 20 August 21
BIMCO'S SHIPPING NUMBER OF THE WEEK: CHINESE IRON ORE IMPORTS FALL TO 14-MONTH LOW IN JULY - PETER SAND
Chinese iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020. The fall in July means that accumulated imports are ...


Friday, 20 August 21
SOARING DEMAND FOR THE WORLD’S LEAST-LIKED COMMODITY SEES THERMAL COAL PRICES JUMP 106% THIS YEAR - CNBC
Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s least ...


Friday, 20 August 21
CHINA’S IRON ORE IMPORTS CONTRACTED YEAR-ON-YEAR BY 2% IN 2018 AND GREW YEAR-ON-YEAR BY ONLY 1% IN 2019 - COMMODORE RESEARCH
Examining the last ten years of China’s crude steel output and  iron ore imports shows that China’s iron ore imports have stayed r ...


Friday, 13 August 21
INDONESIA’S COAL EXPORTS TO JAPAN DECLINED BY -26.3% YOY TO 11.9 MLN TONNES IN THE FIRST 7 MONTHS OF 2021; STILL THE SECOND LARGEST SOURCE FOR JAPAN’S COAL IMPORTS IS INDONESIA - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. Total global loadings in the 12 months of 2020 were down -12.7% year-on-yea ...


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