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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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Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...
Thursday, 14 March 13
SHIPPERS AND CARRIERS NEED GREATER COMMUNICATION AND MUTUAL UNDERSTANDING
Press Release – Shippers and shipping lines both need to raise their game if global container supply chains are not to be habitually subject t ...
Wednesday, 13 March 13
NEWBUILDING PRICES EXHIBIT NO FALL IN PAST SIX MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that oversupply has been the key plague of the shipping markets in recent years and newbuilding ordering activity has receded subst ...
Tuesday, 12 March 13
COAL MINING PRIVATIZATION IN INDIA: MUST - SUNIL K KUMBHAT
COALspot.com - India has the one of the richest coal reserves in the world and the country should have shown significant progress and gained the pos ...
Tuesday, 12 March 13
NEWCASTLE PORT SHIPPED 2.47 MILLION TONS OF COAL W/E 11 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,471,080 MT of thermal and coking coal for week ended 0700 hours 11 March 2013, Newcast ...
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- Wood Mackenzie - Singapore
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- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
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- Baramulti Group, Indonesia
- Thai Mozambique Logistica
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- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
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- Parry Sugars Refinery, India
- Anglo American - United Kingdom
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- Eastern Coal Council - USA
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- Interocean Group of Companies - India
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- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
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- Kaltim Prima Coal - Indonesia
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- Directorate Of Revenue Intelligence - India
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- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
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- Chamber of Mines of South Africa
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- Grasim Industreis Ltd - India
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- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Oldendorff Carriers - Singapore
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- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
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- Directorate General of MIneral and Coal - Indonesia
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- The State Trading Corporation of India Ltd
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- Lanco Infratech Ltd - India
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- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- The University of Queensland
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- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
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- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
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- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
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- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
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- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Agrawal Coal Company - India
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