Page 288 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΜΑΙΟΣ 2024

From production to seaborne transport & consumption
COMMODITIES

DRY BULK Edited by: Giannis Theodoropoulos

CARGOES

COAL market, adverse weather conditions, and drastic
changes in supply and demand stability, ensuring
China shields its coal market sufficient coal supplies in such conditions.
Beijing is moving ahead with setting up a coal pro- The new system will also make better use of coal’s
duction reserve system by 2027, aiming for energy supporting role in power generation, China’s
security through more flexible coal supplies. National Energy Administration noted.
According to a document jointly released by the
National Development and Reform Commission Indian coal demand on the rise
and the National Energy Administration of China, India has reportedly had to sacrifice hydropower
the country will strive for self-sufficiency by creat- generation in fiscal year 2023 (which ended on 31
ing an annual reserve of 300 metric million tonnes March) as increased energy needs drove it into
of coal by 2030. the arms of coal.
The creation of the system aims to quickly release In particular, a Reuters report stated that India’s
coal production capacity in extreme situations, such hydropower output recorded the sharpest decline
as severe fluctuations in the international energy in the last 38 years. In a broader context, 8.3% of

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