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Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG


Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power stations, rose 24 percent last week while the number of vessels waiting to load declined.

The volume exported in the week ended 7 a.m. local time yesterday climbed to 2.1 million metric tons from 1.7 million tons in the preceding period, Newcastle Port Corp. said on its Web site. Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship the fuel from the harbor.

Forty-six vessels, waiting to load 3.11 million tons of coal, were outside the harbor, from 52 a week earlier. The queue reached 60 in December, the longest since July 2007.
Coal ships waited to load for an average of 20.08 days, from 18.25 days a week earlier, Newcastle Port said. That compares with 0.35 day for general-cargo vessels.

Power-station coal prices at Newcastle, an Asian benchmark, increased by 0.15 percent last week, according to the globalCOAL NEWC Index. Prices gained 14 cents to $94.98 a ton in the week ended April 3.
Source: Bloomberg



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Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...


Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
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Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...


Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today  reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...


Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
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