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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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- Orica Mining Services - Indonesia
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- Carbofer General Trading SA - India
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- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
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- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
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- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- White Energy Company Limited
- New Zealand Coal & Carbon
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- Electricity Generating Authority of Thailand
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- Baramulti Group, Indonesia
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- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
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- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Economic Council, Georgia
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- Mjunction Services Limited - India
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- ICICI Bank Limited - India
- Eastern Coal Council - USA
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- Sojitz Corporation - Japan
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- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
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- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
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- Therma Luzon, Inc, Philippines
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- Vedanta Resources Plc - India
- Minerals Council of Australia
- MS Steel International - UAE
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- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
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- Bayan Resources Tbk. - Indonesia
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- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
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- Attock Cement Pakistan Limited
- The University of Queensland
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- Salva Resources Pvt Ltd - India
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- Independent Power Producers Association of India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
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- Global Coal Blending Company Limited - Australia
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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
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
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- Parry Sugars Refinery, India
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- Aboitiz Power Corporation - Philippines
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- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
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- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
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- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Electricity Authority, New Zealand
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- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- 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
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
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- Romanian Commodities Exchange
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- The Treasury - Australian Government
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- London Commodity Brokers - England
- Renaissance Capital - South Africa
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