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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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- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
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- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
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- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
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- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
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- Straits Asia Resources Limited - Singapore
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- Siam City Cement - Thailand
- New Zealand Coal & Carbon
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- Salva Resources Pvt Ltd - India
- Planning Commission, India
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- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
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- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
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- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
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- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
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- Ceylon Electricity Board - Sri Lanka
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- Videocon Industries ltd - India
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- Savvy Resources Ltd - HongKong
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- Heidelberg Cement - Germany
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- Minerals Council of Australia
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- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
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- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
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- Pendopo Energi Batubara - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
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- Sinarmas Energy and Mining - Indonesia
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- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
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- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
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- Energy Link Ltd, New Zealand
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- Parry Sugars Refinery, India
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- Economic Council, Georgia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Central Electricity Authority - India
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- Electricity Authority, New Zealand
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