Wescoal signs R700M coal supply deal

The Balaka-Lilongwe railway now enables coal imports from Mozambique’s Tete Province, where Indian companies have bought mines to supply coal to India.

Liquified natural gas is unlikely to displace coal in China’s energy transition, as the country prioritises domestic energy sources over imported LNG.

Drewry forecasts a 3.3% rise in Capesize shipping demand in 2024, driven by increased coal exports from Colombia to Asia, offsetting reduced European demand.

Between January and August, India’s coal shipments rose 10% y/y, driven by strong electricity demand, but hydropower recovery may reduce future coal demand.

The SAMSA announced that salvage efforts for the wrecked MV Ultra Galaxy off South Africa’s west coast are now focused on removing the vessel.

Transnet has begun increasing coal rail volumes to Richards Bay, with fewer security incidents, amid a decline in SA coal exports due to unreliable rail services.