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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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Saturday, 23 January 21
GOVT PLANNING TO OPEN UP COAL MARKETING TO STREAMLINE PROCESS - THE INDIAN EXPRESS
The government is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is al ...
Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...
Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
...
Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...
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- Rashtriya Ispat Nigam Limited - India
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- Indonesian Coal Mining Association
- Ministry of Mines - Canada
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- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
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- CNBM International Corporation - China
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
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- Krishnapatnam Port Company Ltd. - India
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- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
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- Kumho Petrochemical, South Korea
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- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
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- Georgia Ports Authority, United States
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- Sindya Power Generating Company Private Ltd
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- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Mercuria Energy - Indonesia
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- Pendopo Energi Batubara - Indonesia
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- Eastern Energy - Thailand
- Planning Commission, India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
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- IHS Mccloskey Coal Group - USA
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- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- PowerSource Philippines DevCo
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- Coastal Gujarat Power Limited - India
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- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
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- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
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- South Luzon Thermal Energy Corporation
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- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
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- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Australian Commodity Traders Exchange
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- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
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- GMR Energy Limited - India
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- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
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- Australian Coal Association
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- White Energy Company Limited
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