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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, 08 September 21
MARKET INSIGHT - INTERMODAL
Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness. The dry bulk index exceeded the 4,0 ...
Wednesday, 01 September 21
KOMIPO TO BUY 1.56 MILLION TONS OF 5600 NAR COAL OF AUSTRALIA OR SOUTH AFRICAN ORIGIN FOR 2022 - 2024
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Wednesday, 01 September 21
MARKET INSIGHT - INTERMODAL
As the summer season is coming to an end, the dry bulk market continues to rally. The confidence that the outstanding freight market performance ha ...
Monday, 30 August 21
68% OF U.S. COAL FLEET RETIREMENTS SINCE 2011 WERE PLANTS FUELED BY BITUMINOUS COAL - EIA
In 2011, the United States had 317.6 gigawatts (GW) of coal-fired electric generation capacity. About 88.7 GW of that capacity was retired in the d ...
Friday, 27 August 21
ALL YOU NEED TO KNOW ABOUT COAL'S MASSIVE RALLY AND NEAR-TERM OUTLOOK - CNBCTV18
Australia’s thermal coal at Newcastle Port, the benchmark for the vast Asian market, has surged over 100 percent this year to trade above $16 ...
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- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
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- Leighton Contractors Pty Ltd - Australia
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- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
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- Baramulti Group, Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
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- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
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- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
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- Mintek Dendrill Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
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- Global Business Power Corporation, Philippines
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- Holcim Trading Pte Ltd - Singapore
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- PTC India Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
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- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
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- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
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- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
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- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
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- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
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- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
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- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- VISA Power Limited - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
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- Tata Chemicals Ltd - India
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- LBH Netherlands Bv - Netherlands
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- Ministry of Finance - Indonesia
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- Planning Commission, India
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- Samtan Co., Ltd - South Korea
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- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
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