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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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Monday, 14 April 14
CHINA'S MEASURES TO STIMULATE ECONOMY'S GROWTH COULD OFFER ROOM FOR STABILITY IN SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Since the outbreak of the 2008-crisis, the shipping industry, in most of its aspects, i.e. dry bulk and tanker markets alike, has been dealing w ...
Sunday, 13 April 14
INDONESIA TO INDIA FREIGHT MARKET DECLINE CONTINUES
COALspot.com: The freight market continued to drop this week and BDI almost touched 1000 points. BDI closed at 1002 points fell 16.85 pct week o ...
Saturday, 12 April 14
HOW DO YOU CALCULATE LOSS OF EARNINGS FOLLOWING A COLLISION? - INCE & CO
KNOWLEDGE TO ELEVATE
The recent case of Astipalaia vs Hanjin Shenzhen [2014] EWHC 120 (Admlty) has revisited the existing case law on asses ...
Friday, 11 April 14
US COAL PRODUCTION IN MARCH INCREASED 9.69% TO 82.6 MMST MONTH ON MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.10 million short tons (mmst) of coal ...
Thursday, 10 April 14
DRY BULK MARKET IS RISING CLAIMS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it i ...
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- European Bulk Services B.V. - Netherlands
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- Thai Mozambique Logistica
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- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
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- McConnell Dowell - Australia
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- White Energy Company Limited
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- India Bulls Power Limited - India
- Bangladesh Power Developement Board
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- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
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- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
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- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
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- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
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- Africa Commodities Group - South Africa
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- Aditya Birla Group - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
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- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
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- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
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- Indo Tambangraya Megah - Indonesia
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- Energy Link Ltd, New Zealand
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- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Eastern Energy - Thailand
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
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- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- VISA Power Limited - India
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
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- Chamber of Mines of South Africa
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- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
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- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
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- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
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- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
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- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
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- Kepco SPC Power Corporation, Philippines
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- Economic Council, Georgia
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- Indonesian Coal Mining Association
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- London Commodity Brokers - England
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- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
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- Ambuja Cements Ltd - India
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- SMG Consultants - Indonesia
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- Standard Chartered Bank - UAE
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- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
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