Aquila update on Eagle Downs

Liquified natural gas is unlikely to displace coal in China’s energy transition, as the country prioritises domestic energy sources over imported LNG.

Drewry forecasts a 3.3% rise in Capesize shipping demand in 2024, driven by increased coal exports from Colombia to Asia, offsetting reduced European demand.

The Port of Mackay handled 3.58 million tonnes of trade in 2023-24, nearing its record of 3.59 million tonnes, as it celebrates 85 years of operation.

Between January and August, India’s coal shipments rose 10% y/y, driven by strong electricity demand, but hydropower recovery may reduce future coal demand.

Southern Ports set nine records this year, with standout imports being caustic soda and fertiliser, and spodumene exports hitting a fourth consecutive record.

Russia plans to double the Lavna port’s rail capacity from 18 to 36-41 million tonnes annually, aiming to diversify trade routes and boost coal exports.