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Monday, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
 Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percent in May, a trader said.
Exports of coal rose to 1.93 million metric tons last month from 1.72 million in April, according to a note by mjunction Services Ltd., a Web-based trader backed by India’s biggest steel producers. The coal shipped was mostly thermal, used in power plants to generate electricity.
The terminal exported 4.57 million tons of coal in May, up from April’s 3.91 million tons and 22 percent more than a year earlier even as deliveries were cut by an 18-day national port and rail strike that ended on May 28. At the shipment rate so far this year, the terminal will export 57.72 million tons of the fuel in 2010, about 64 percent of its capacity.
Buyers from India accounted for about 42 percent of the terminal’s exports in May, according to the note. India’s imports of power-plant coal may grow 14 percent a year as demand for electricity increases, according to Tata Power Ltd.
Pakistan’s coal imports fell by about 69 percent to 40,233 tons in May from April, mJunction said. The South Asian nation imported 2.97 million tons in the first five months from Richards Bay terminal.
India imported 8.33 million tons in the first five months of this year from Richards Bay, 18.7 percent higher than the year-earlier period, according to the note. Richards Bay shipped about 35 percent of its total coal to India this year until May.
The country, Asia’s largest economy after Japan and China, expanded its industrial output by 17.6 percent in April, boosting its consumption of electricity as factories stepped up production. The nation’s thermal coal imports may climb to 72 million metric tons in 2011, according to Tata Power.
Prices for coal shipped through Richards Bay fell 0.4 percent to an average of $92.41 a ton on a free-on-board basis in the four days through June 4, according to IHS McCloskey. Asian benchmark prices at the port of Newcastle in Australia rose 1.2 percent to $99.30 through June 11.
Source: Bloomberg (By: Dinakar Sethuraman) - for more news click here
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Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
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- Kapuas Tunggal Persada - Indonesia
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- Eastern Energy - Thailand
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- McConnell Dowell - Australia
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- Merrill Lynch Commodities Europe
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- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
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- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
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- Pipit Mutiara Jaya. PT, Indonesia
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- Kumho Petrochemical, South Korea
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- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
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- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
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- White Energy Company Limited
- Banpu Public Company Limited - Thailand
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- Medco Energi Mining Internasional
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- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Essar Steel Hazira Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
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- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
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- Thiess Contractors Indonesia
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- Wood Mackenzie - Singapore
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- Ministry of Mines - Canada
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- San Jose City I Power Corp, Philippines
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- Parliament of New Zealand
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