GLG News by Metallurgical Coal Experts

    Wind power qualifies for production tax credits.  These production tax credits are set to expire on December 31, 2008 without renewal by Congress and the President.

    Bituminous coal prices have soared over 100% in the last year.  This is obviously bad news to electric consumers dependent upon utilities with a large exposure to coal-fired generation.  The run-up in coal prices could be a benefit to some utilities.

    As the article correctly points out, capital costs to build a new power plant have risen considerably since 2000; coal plants included.  It is not just the up-front capital costs that have affected decisions to build new coal plants as discussed in the commentary sectio...

Indian firms may well become world-leaders in green technologies to make sure that their dream of individual mobility is seen coming to life.

A study published Tuesday by international environmental group WWF and the China Council for International Cooperation on Environment and Development stated that China is using double the amount of water, land and other natural resources that its ecosystem can provide over the long term.  Read...

The British governments hopes for early success in defeating global warming by cleaning up coal fired power stations have been challenged by a leading power generator.  Read http://news.bbc.co.uk/2/hi/programmes/file_on_4/7444470.stm.  The article states that the cost of cost of electricity...

A significant percentage of the dry bulk fleet continues to trade past the normal retirement age of 25 years due to robust rates.  This will be corrected in 2010, when new vessels will push down rates and push out vintage tonnage.

Perhaps a bit too late, we are seeing signs of a cut off in new vessel orders for the offshore service sector.

The article highlights the limitations to slow-steaming and why this will result in diminishing returns as a mechanism for absorbing excess container ship capacity.

The charter market for post-panamax tonnage is hot as owners jump on the bandwagon of slowing vessels to save fuel cost.