Cheap Gas Killing US Coal -Rystad
A new study revealed that coal power is being replaced by cleaner energy sources in the US – primarily due to an abundance of cheap natural gas.According to Rystad Energy, new renewable energy capacity from solar and wind is on the rise in the US, and April 2019 marked the first month when more electricity was generated in the country from renewable sources than from coal.However, the growing renewable energy sector alone is not wholly responsible for the on-going retirement of coal-fired power plants and the essential moratorium on the construction of new coal plants.“The US thermal coal industry is in severe trouble. However, coal’s demise as the fuel of choice for power generators is primarily due to the upsurge of cheap natural gas and not renewable sources of power…
BIMCO: Shorter sailing distances limit upside of two-year high Chinese coal imports
Australia and Indonesia, being the main exporters of coal to China, are growing their market share at the expense of longer haul exporters like the US and South Africa. Therefore, dry bulk shipping demand does not enjoy full tonne-mile demand, when the imported coal volumes increase. The high level of coal into China for Q3 2016 shows the growing importance of Chinese coal imports for the shipping market, since mid-April 2016. The State Administration of Work Safety in China enforced in mid-April a policy of 276 working days per year, upon the coal mines. A decrease in operational days of 16%, to handle the overcapacity in the domestic coal mining industry.
J D Neuhaus Turns to 270
September 9, 2015 marks 270 years of manufacturing for the German based hoist and crane manufacturer J D Neuhaus, and after seven generations, the company is still managed by a descendant of the original owner. Load handling equipment supplied by J D Neuhaus is now utilized throughout the world, from small engineering workshops up to large organizations and including some of the heaviest and most demanding handling operations, even under extreme operating conditions. The company's world market status is backed by a service and supply organization established in more than 90 countries together with over 70 branches. Lifting equipment has been the backbone of the manufacturing company, with its first wooden shaft winch being produced in 1745.
Mozambique: $30b Invested for 2018 LNG Export
More than $30 billion will be invested initially in Mozambique's natural gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas (LNG), with the first exports due to start in 2018, the national oil company said. The investments will be made to develop the northern ports of Pemba and Palma, where a giant logistics base and LNG production plants are planned that will use gas produced from offshore fields in the Rovuma Basin being developed by U.S. oil major Anadarko Petroleum Corp and Italy's Eni. Mozambique, which still bears the scars of a 1975-1992 civil war, is hoping revenues from its large gas deposits and its fledgling coal mining industry will help it emerge from years of poverty and dependence on foreign donors.
