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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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Wednesday, 17 August 22
CHINA'S COAL-RICH SHANXI MAKES STRIDES IN HIGH-QUALITY DEVELOPMENT - XINHUA
Shanxi, a major coal-producing province in north China, has made continuous advances in high-quality development over the past decade, according to ...
Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
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- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
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- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
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- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
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- Indo Tambangraya Megah - Indonesia
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- New Zealand Coal & Carbon
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- Thiess Contractors Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- Electricity Generating Authority of Thailand
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- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
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- The University of Queensland
- Ministry of Mines - Canada
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- Meenaskhi Energy Private Limited - India
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- Kartika Selabumi Mining - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
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- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
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- Ministry of Transport, Egypt
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
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- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
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- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
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- Global Green Power PLC Corporation, Philippines
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- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
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- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- VISA Power Limited - India
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- Sojitz Corporation - Japan
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- Samtan Co., Ltd - South Korea
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- Banpu Public Company Limited - Thailand
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- Sakthi Sugars Limited - India
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- Global Coal Blending Company Limited - Australia
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- Independent Power Producers Association of India
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- Africa Commodities Group - South Africa
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- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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