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21 November 2023COAL-OREVOY
23 May 2022COAL-OREVOY is a standard coal and ore voyage charter party. It is accompanied by its own bill of lading, COAL-OREVOYBILL 2016 . The latest edition of this contract is COAL-OREVOY, issued in 2003. Copyright in COAL-OREVOY is held by BIMCO.
US coal exports beat Chinese coal imports as the most influential coal trade
26 June 2013The influence of American coal exports on seaborne transportation has grown significantly over the past decade. In 2002, the US exported 20.1 million tons by sea, but in 2012 that number had increased to 106.7 million tons.
Indonesia blocks exports from 48 coal miners as EU’s Russian coal ban begins
11 August 2022On 9 August, the Indonesian Energy and Mineral Resources Minister announced that 71 coal miners failed to meet their domestic market obligations, and that 48 of them are now banned from exporting coal. The ban comes into force just as the EU ban on Russian coal takes full effect and demand for non-Russian coal increases.
COAL-OREVOYBILL
29 August 2020The latest edition of this bill of lading is COAL-OREVOYBILL 2016 . Copyright in COAL-OREVOYBILL is held by BIMCO.
Coal shipments to India fall 9% as domestic mining increases
05 October 2023During the first nine months of 2023, coal shipments to the world’s second largest importer of seaborne coal, India, fell 9% y/y. A 12% y/y rise in domestic coal mining replaced imports and electricity production continued to rise despite lower production from hydro power.
Coal shipments to China fell 12.2% in 2022, mixed outlook ahead
11 January 2023Weak economic activity, a 10.5% increase in domestic coal mining, and a recovery in coal imports from Mongolia via rail alleviated coal shipments to China in 2022.
Russian coal shipments fall 14% as sanctions bite
22 February 2024During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistical challenges started to emerge. Two years after the start of the war in Ukraine, sanctions on Russia are limiting the country’s ability to export coal.
COAL-OREVOYBILL 2016
23 May 2022The COAL-OREVOYBILL is a charter party bill of lading for shipments of coal and ore cargoes under the COAL-OREVOY charter party. The latest edition of this bill of lading is COAL-OREVOYBILL 2016. This amended edition incorporates the International Group of P&I Clubs/BIMCO Himalaya Clause for Bills of Lading and other contracts 2014, an updated layout and signature box, and a reference to the York-Antwerp Rules 2016 in respect of the Rules according to which General Average should be adjusted. Copyright in COAL-OREVOYBILL 2016 is held by BIMCO.
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