Australian Coal Exports Hit Record High

Australia’s thermal coal exports have grown 14 percent on the back of high demand from Asia. Australian Bureau of Statistics’ (ABS) data released on Tuesday revealed that the value of thermal coal exports rose 14 percent in July to 2.45 billion Australian dollars (1.74 billion U.S. dollars). Export volume rose to an all-time high of
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China’s imports of steelmaking raw material iron ore fell slightly in August from the previous month, according to customs data on Saturday, hit by output curbs on steel mills as the government battles pollution. Arrivals totalled 89.35 million tonnes last month, down 0.7 percent from 89.96 million tonnes in July, according to data from the
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Coal exports from Gladstone port in Australia’s Queensland state hit a four-month low in August as volumes to key destinations Japan and India fell while to South Korea remained strong, Gladstone Ports Corporation data showed Thursday. A total 5.35 million mt of mostly metallurgical coal was shipped from Gladstone in the month, down 10% year
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Imports of Iranian crude oil by major buyers in Asia hit a 10-month high in July, as only South Korea lowered imports ahead of upcoming U.S. sanctions on Tehran, government and ship-tracking data showed. China, India, Japan and South Korea last month imported 1.87 million barrels per day (bpd) from Iran, according to the data.
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Panamax freight rates out of UK Continent hit an eight-month high due to very limited vessel availability for early September dates, sources said Wednesday. The Panamax fuel oil/VGO route from ARA to the US Gulf, basis 55,000 mt, was valued at $22.33/mt yesterday, the highest level since December 29 last year, according to S&P Global
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Terming the banning of Letter of Understanding (LoU)/Letter of Comfort (LoC) post Punjab National Bank (PNB) scam a “knee-jerk reaction by the RBI”, a Parliamentary panel recently said the adversely impacted exports and the  MSME sector. After the ban, e Export credit too declined 24.4 percent in the 2017-18 financial year and was down 29.6
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Nippon Yusen Kabushiki Kaisha (hereafter, “NYK Line”) announces that it has revised its forecast for the interim and full year consolidated financial results for the fiscal year ending March 31, 2019. The previous forecast was released on April 27, 2018. Revision of Forecasts for Interim and Full-Year Consolidated Financial Results Disparities between the revised forecast
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MUMBAI: The hike in anti-dumping duty on Indian shrimp exports to US in the final review by the US Department of Commerce (USDoC) is unlikely to have a material impact on Indian exports, says rating agency ICRA. India was the largest exporter of frozen shrimp to the US in 2017 with 32% share after some
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BEIJING: China, which challenged the US-dominated world order with a prodigious 15% GDP growth rate at one point in 1993 and by posting an average of over 9% for almost three decades, is slowing down. China’s Gross Domestic Product (GDP) grew at 6.8% in the first half of the calendar year 2018, to about $6.27
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China imported 146 million mt of coal and lignite in the first half of 2018, up 9.9% from the previous year and a three-year high, according to preliminary data released Friday by the General Administration of Customs. In June China imported 25.5 million mt of coal, up 17.9% on the year and 14% on the
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