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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, 23 August 18
SUPRAMAX: SOME FRESH COAL CARGOES APPEARED IN SE ASIA, GIVING A BIT PRESSURE ON RATES FOR END AUGUST SHIPMENTS - FEARNLEYS
Capesize
Slightly softer but generally very healthy for the big ships, with limited supply of early tonnage and positive Brazilian ore export v ...
Wednesday, 22 August 18
KOMIPO INVITES BIDS FOR 480K TONS OF BITUMINOUS COAL FOR BORYEONG POWER PLANT & SHIN BORYEONG POWER PLANTS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 480,000 mt of min. 5700 NAR coal of Australian origi ...
Wednesday, 22 August 18
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
During the most quite week of the summer period we witnessed a trade war between United States and Turkey. A battle, which started with the arrest ...
Monday, 20 August 18
SUPRAMAX: OVERALL IT WAS A POSITIVE WEEK FOR THE BSI INDEX WITH GAINS MADE - THE BALTIC BRIEFING
Capesize
A week of largely unfulfilled expectations with holidays again curbing activity. Rates remained essentially healthy, but despite bad wea ...
Friday, 17 August 18
DO ARBITRATION AGREEMENTS IN BILLS OF LADING BIND THEIR HOLDERS? - WFW
KNOWLEDGE TO ELEVATE
Bills of lading are a crucial part of the security package traditionally sought by trade finance providers.
...
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- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Mintek Dendrill Indonesia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
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- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
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- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
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- Oldendorff Carriers - Singapore
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- Deloitte Consulting - India
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- Marubeni Corporation - India
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- Global Coal Blending Company Limited - Australia
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- Cement Manufacturers Association - India
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- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
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- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
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- Romanian Commodities Exchange
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- The State Trading Corporation of India Ltd
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- Planning Commission, India
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- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
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- Heidelberg Cement - Germany
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- Petron Corporation, Philippines
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- Billiton Holdings Pty Ltd - Australia
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- Chamber of Mines of South Africa
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- Singapore Mercantile Exchange
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- Baramulti Group, Indonesia
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- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
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- Energy Link Ltd, New Zealand
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- Ministry of Transport, Egypt
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- Alfred C Toepfer International GmbH - Germany
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- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
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- Power Finance Corporation Ltd., India
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- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
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- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Australian Coal Association
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- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
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- Economic Council, Georgia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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