The global coal trade is thriving, with dry bulk ships busy carrying the loads. As the West consumes less coal, Asia buys even more.
Electricity generated from renewable sources outpaced coal-fired power generation for the first time last year, according to the U.S. Energy Information Administration.
Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.
The cause of the explosion is under investigation. No injuries occurred as a result of the incident, CSX said.
U.S. utilities are facing record low coal stockpiles, and network congestion on the rails is only adding to the stress.
The ocean shipping boom is spreading across vessel types. Spot LNG shipping rates just topped $150,000 per day.
Capesize bulkers haven’t earned this much since 2009, and freight futures just made “monstrous” move up.
Good news for dry bulk shipping stocks, bad news for decarbonization: The global coal trade is thriving.
Anticipated higher natural gas prices could prompt coal’s share in U.S. power generation to grow in 2021 and 2022, the U.S. Energy Information Administration said in its Short-Term Energy Outlook.
Warning sign for tanker investors as US crude exports begin to reverse course.
Jim Blaze writes about the long, slow decline of coal as the key commodity for railroads, and whether plastics might replace the lost volume.
Railroad expert Jim Blaze writes about coal, a key commodity hauled by rail. The amount of coal being hauled by rail is declining. Why? And what does the future hold?
The mayor and city council of Richmond, California, have voted phase out and prohibit the storage and handling of coal and petroleum coke in the city.
Jim Blaze writes about the power and influence of mentors on a person’s career and life.
Market prognosticators have been saying dry bulk will recover “next year” almost every year for the past decade. Will it finally happen in 2020?
Coal production in the region could fall significantly in 2020, affecting rail volumes.
Declining coal consumption in the U.S. may have led to the dispute.
Blackjewel’s bankruptcy reminds the broader industrial sector of the vulnerability of U.S. coal production overall, particularly so for western U.S. coal production.
Market expert Jim Blaze writes about the movement of coal by rail. He explores the history of rail-coal; more importantly, he writes about what the future may hold for coal in the U.S. and how that will impact the railroads.
Market expert Jim Blaze looks at how rail freight volume has changed over the years and what the outlook is for the next decade. Learn what he thinks will happen to the railroad industry in its long-term competition with trucking to carry freight.
Shipowners and marine insurers are asked to look at vessel locator data to avoid sanctions fines.
Senate confirmation of Patrick Fuchs and Martin Oberman could be catalyst for STB Chairman Ann Begeman to take action on pending shipper proposals.
Indonesian coal suppliers have increased their domestic coal production target by 4.5 percent from a previous 485 million tonnes to a massive 507 million tonnes in the current year. All the additional tonnage will be exported.
