Renewables such as sun and wind are overtaking coal. In a new report, the International Energy Agency revises its prognosis for the future of sustainable energy and it is not looking good for the fossil fuel.
The energy sector is quickly headed towards a new reality in which the demand for energy per capita will peak by 2030, writes World Energy Council in a report after working for three years to map out the pivotal trends.
China, India and several Southeast Asian nations will drive an increasing demand for coal ahead of 2020, projects an executive from mining giant BHP Billiton. The assessment contradicts numerous analysts, who foresee a more gloomy outlook for the sector.
A number of unfortunate incidents related to dry bulk vessels carrying Indonesian coal have spurred London P&I to caution against the cargo. If the temperature is too high, the thermal coal risks self-ignition.
The catastrophe in the coal sector has been looming for a long time, following price plunges of up to 75 percent since 2011. In what observers call the most severe example ever of a sector in decay, US coal producer Peabody has now given up.
An unusually massive transport of iron ore these days is the main driver behind the surprising and significant rate improvement in the otherwise struggling dry bulk market, notes Clarksons Platou in an analysis that points to positive signs in the market going forward.