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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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Friday, 18 December 15
WHEN IS A MASTER ENTITLED TO REFUSE DAMAGED CARGO? A REMINDER - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
A master’s authority to clause bills of lading issued by or on his behalf can sometimes become the cause of disagreeme ...
Friday, 18 December 15
CHINA GROWTH SHOCK TO HIT ENERGY, SHIPPING, STEEL MOST - FITCH
Energy, shipping and steel would be the hardest-hit sectors in Asia-Pacific (APAC) in the event of a sharp slowdown in Chinese growth, says Fitch R ...
Friday, 18 December 15
WEEKLY U.S. COAL PRODUCTION REMAINS FLAT ACROSS ALL BASINS
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 17 December 15
THE LOW DEMAND AND EXCESS COAL OUTPUT, KEEP THE FOB INDONESIA COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swap for delivery Q1 2016 rose month on month and decline slightly week over week. For the week ended December 11, 20 ...
Thursday, 17 December 15
GLADSTONE PORT COAL RECORD LOOMING, EXPORTS UP 12% - GLADSTONE OBSERVER
COAL exports from Gladstone's port have taken a leap, with more than seven million tonnes leaving the wharves in November.
That increase i ...
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- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
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- Merrill Lynch Commodities Europe
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- Goldman Sachs - Singapore
- White Energy Company Limited
- New Zealand Coal & Carbon
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- Baramulti Group, Indonesia
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- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
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- Jindal Steel & Power Ltd - India
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- ICICI Bank Limited - India
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- Sojitz Corporation - Japan
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- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
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- Central Electricity Authority - India
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- Therma Luzon, Inc, Philippines
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- Vedanta Resources Plc - India
- Minerals Council of Australia
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- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
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- Gujarat Electricity Regulatory Commission - India
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- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
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- Commonwealth Bank - Australia
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- Power Finance Corporation Ltd., India
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- Attock Cement Pakistan Limited
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- Independent Power Producers Association of India
- Planning Commission, India
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- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
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- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
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- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- GMR Energy Limited - India
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- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
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- Altura Mining Limited, Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Trasteel International SA, Italy
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- Gujarat Mineral Development Corp Ltd - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
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- Eastern Energy - Thailand
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- Toyota Tsusho Corporation, Japan
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- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
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