Indonesian government announced a ban on coal exports for the month of January, to allow supplies at domestic power plants to be replenished after dropping to critically low levels.
The Adani Group is planning to ship its first-ever coal cargo from the most controversial mine in Australia, after fighting against a seven-year-long campaign spearheaded by climate activists and disregarding the groups’ fight for fossil fuels.
India is purchasing Australian coal that has long been stranded in China. The situation also brings into light how geopolitics is unnecessarily complicating Beijing’s battle against its energy crisis.
After months of being stranded on Chinese waters, distraught seafarers of Australian coal-carrying cargo ships might be repatriated as China is set to allow the unloading of cargo.
MOL announced a vessel design it calls “EeneX,” for a 90-type (90,000 DWT) next-generation coal carrier, developed in cooperation with Japanese shipyards.