From 1973 to 1986, world hard coal trade increased by about 90% and seaborne trade more than doubled to about 8% of total world production. By 1996, 12.9% of world coal production was traded, and 92% of total coal traded on the international market was transported in ships, either ocean-going or in smaller coastal vessels […]
Tag Archives: coal
Poland has steadfastly pursued a policy of economic liberalisation since 1990 and today stands out as a success story among transition economies. Even so, much remains to be done, especially in bringing down the unemployment rate, which is still the highest in the EU despite recent improvement. The privatisation of small- and medium-sized state-owned companies […]
Coal demand is dominated by two countries: China and the US. China’s coal industry has had a serious oversupply problem in recent years, particularly in the late 1990s, and the government has begun implementing major reforms aimed at reducing the oversupply, returning large state-owned mines to profitability as a prelude to possible future privatisation, and […]
The existence of a single market arose from the growth in seaborne coal trade brought on by the combination of firstly, growth in the demand for coking coal in the 1960s and secondly, sharply rising oil prices during the 1970s. Before 1960, international coal trade had been primarily land based, and been between neighbouring countries. […]
