While coal is gradually giving way to other energy sources, it will continue to play an essential role in many industries for some years to come. Still currently meeting close to a third of the world’s energy needs, coal remains particularly vital to electricity generation and steel making.
Our dedicated subsidiary Caravel Carbons supplies a variety of coal types, including: thermal coal, used for power generation; petrochemical coke, derived from oil refining; anthracite, the cleanest form of the mineral; and coke, derived from coal and used in iron smelting. We have multiple sources around the globe, allowing us to meet specific customer requirements and to minimize transport distances. Major markets include India and China for thermal coal and India for petrochemical coke.
As a Group, we transport 25 million metric tons of coal-related cargo per annum
represents our own traded cargoes within Caravel Resources.