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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, 02 July 14
THE PANAMAX MARKET CONTINUED TO BLEED FOR ANOTHER WEEK - INTERMODAL
COALspot.com: The Dry Bulk market succumbed to mounting pressure this past week, while the Capesize market proved unable to “save the day&rdq ...
Wednesday, 02 July 14
HANDY BULKERS PROVE TO BE THE MOST SOUGHT AFTER VESSELS OVER THE PAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The Handy dry bulker proved to be the most sought after ship by ship owners active in the second hand market, which saw a slight decline in terms o ...
Wednesday, 02 July 14
SHIPPING: MARKET INSIGHT - GEORGE DERMATIS
After 6 months, 57 ministerial meetings and 67 political agreements, the journey of the Greek Presidency in the EU reached its end yesterday; only ...
Tuesday, 01 July 14
INDIAN POWER PLANT COAL STOCKPILES VERY LOW
COALspot.com: According to today's Weekly Dry Bulk Report published by Commodore Research, Indian power plant coal stockpiles have now fallen t ...
Monday, 30 June 14
SUB-BIT FOB INDONESIA COAL PRICES ARE STILL STRUGGLING TO RECOVER
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on week and on month according to AsiaClear OTC coal swap's reports release ...
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- The University of Queensland
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- Semirara Mining Corp, Philippines
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- Planning Commission, India
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- Meenaskhi Energy Private Limited - India
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- Africa Commodities Group - South Africa
- White Energy Company Limited
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- Central Electricity Authority - India
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- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
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- Altura Mining Limited, Indonesia
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- Economic Council, Georgia
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- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
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- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
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- Eastern Coal Council - USA
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
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- Globalindo Alam Lestari - Indonesia
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- Sakthi Sugars Limited - India
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- Ministry of Transport, Egypt
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- Indian Oil Corporation Limited
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- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
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- Larsen & Toubro Limited - India
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- Eastern Energy - Thailand
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- Billiton Holdings Pty Ltd - Australia
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- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
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- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
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- SMC Global Power, Philippines
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
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- Commonwealth Bank - Australia
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- Jaiprakash Power Ventures ltd
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- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
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- International Coal Ventures Pvt Ltd - India
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