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Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES


Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 percent last week while the number of vessels waiting to load increased.

The volume exported in the week ended 7 a.m. local time yesterday dropped to 1.95 million metric tons from 2.05 million tons a week earlier, Newcastle Port Corp. said on its Web site. Forty-eight ships, waiting to load 3.9 million tons of coal, were outside the harbor, up from 42 a week earlier.

Port Waratah Coal Services Ltd., operator of the port’s two export terminals, has told producers it plans to cut export allocations by a combined 1 million metric tons this quarter to reduce the ship queue. Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through Newcastle.

Coal ships waited for an average 14.2 days to load, up from 12.7 days a week earlier, Newcastle Port said. The waiting time compared with 0.97 day for general cargo vessels, it said.

Twenty vessels carrying coal sailed in the week ended July 18, Newcastle Port said today in an e-mailed report. Twelve ships were bound for Japan, three for China, three for South Korea and two for Taiwan.

Power-station coal prices at Newcastle port, a benchmark for Asia, rose 6.4 percent to $76.23 a ton in the week ended July 17, according to the globalCOAL NEWC Index.
Source: Bloomberg



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Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...


Wednesday, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...


Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...


Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...


Saturday, 01 August 09
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The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...


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