A conflict is burning around the new coal terminal “Lavna” which is being developed at the northern port of Murmansk in Russia. Swiss-based MERCURIA Energy Trading S.A., one of the largest global coal traders, seems to be kicked out of the project and replaced by an unknown local entity associated with the owner of Russia’s major […]
China has approved an extended 3-year programme aimed to decrease the coal consumption in 82 cities by year 2020 by 5-10% as compared to the 2016 level, the Russian business newspaper Vedomosti informs. This may lead to a significant drop in coal prices by 2020-2021. The average coal price in the first 6 months of […]
The Port of Tallinn (AS Tallinna Sadam) has announced an auction for the equipment of the coal terminal located on two land plots in Muuga Harbour. The equipment is listed in the Annex to the Notice of Auction and includes a stacker, a reclaimer, railway tracks for these, a ship loader, band conveyors and wagons […]
China Merchants Port Holdings Company Ltd (CMPort) completed the transaction to acquire the Port of Newcastle, the largest port on the east coast of Australia and the world’s leading coal export facility. Forming the company’s first investment in the Oceania region, it signifies that CMPort has achieved a full coverage of the six continents. Following […]
Port Waratah Coal Services, a major coal exporter at the Port of Newcastle, Australia, does not intend to proceed with the Terminal 4 development. The company’s Chief Executive Officer Hennie du Plooy has notified the Port of Newcastle about it today, advising that the T4 Agreement for Lease will be allowed to lapse upon its expiration […]
Pakistan’s Prime Minister Shahid Khaqan Abbasi inaugurated the country’s first dedicated coal, clinker and cement terminal at Port Qasim on October 14, informs local media. At the official ceremony, Prime Minister said that the state-of-the-art facility would facilitate cement and clinker exports. Pakistan International Bulk Terminal (PIBT) was commissioned in early May this year and has […]
The State Transport Leasing Company (STLC), set up by the Russian Ministry of Transport to control the development of the Russian transport industry, is seeking a strategic investor for the construction of the coal terminal “Lavna” at the northern port of Murmansk, informs TASS News Agency. Lavna coal handling complex is a green field project […]
Heyl & Patterson (USA), the global leader in manufacturing world-class bulk material handling equipment, dispatched two tandem railcar dumpers for the largest Russian coal terminal JSC “Vostochny Port” (Russia) writes the port’s press release. The new equipment, of the total cost exceeding USD 7 mln, was shipped from Huston (USA) in late November and is […]
