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Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
 RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine months.
Shipments fell to 4.55 million metric tons in April from 5.97 million tons in the same month a year earlier, the terminal said in an e-mailed response to questions today. That’s the biggest drop since July last year, when they declined 26 percent. Stockpiles at the terminal climbed to 4.19 million tons, the highest since March 2007.
“It’s the market, its terrible,” Xavier Prevost, a coal analyst in South Africa, said in an interview from his mobile phone today. “With the prices most of the producers are not keen on actually exporting or selling too much coal.”
Prices of coal shipped from the terminal fell 44 percent Over the last year and traded at an average of $58.50 a ton in the week ended May 1, according to Petersfield, England-based McCloskey Group.
The terminal in north eastern South Africa is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
Sixty-eight ships were loaded during the month and 572 trains arrived at the facility, RBCT said. It received 5.27 million tons of the fuel by rail.
Falling Shipments
At its current shipment rate Richards Bay will export 56.77 million tons of coal this year compared with a capacity of 76 million tons, expanding to 91 million tons by July. When that expansion is complete Richards Bay will be the world’s single biggest coal export facility.
Richards Bay’s shipments this year are likely to be below those last year, Prevost said, adding that he doesn’t expect substantial improvement in demand in 2009. The terminal shipped 61.79 million tons in 2008 compared with 66.16 million tons the year earlier. Exports were reduced by derailments and increased competition for supplies from power utility Eskom Holdings Ltd.
Terry Howarth, the chief executive officer of the terminal, wasn’t immediately available when his office was called.
Transnet Ltd., which operates South Africa’s railways, will close one of two lines to the terminal from May 4-13 for Xavier maintenance.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=ahn8lGylbYKg&refer=africa
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Thursday, 24 June 10
DRY BULK MARKET AT LOWEST POINT IN EIGHT MONTHS
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yest ...
Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
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- Star Paper Mills Limited - India
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- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
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- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Eastern Energy - Thailand
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- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
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- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
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- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
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- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
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- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
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- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
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- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
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- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
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- Indian Oil Corporation Limited
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- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
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- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
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- VISA Power Limited - India
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- Kalimantan Lumbung Energi - Indonesia
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- Meenaskhi Energy Private Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
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- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
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- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
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- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
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- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
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- Xindia Steels Limited - India
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