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Monday, 07 July 14
SOUTH AFRICA'S RICHARDS BAY COAL TERMINAL SHIPPED 12% LESS COAL IN JUNE COMPARED TO MAY EXPORTS

COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 4.91 million tons of coal in May 2014, down 12% from the previous-month or 7.31% for the same period last year, according to latest data released by Richards Bay Coal Terminal. Richards Bay shipped 5.58 tons of coal in May 2014, the terminal reported.

Year-to-date coal exports at Richards Bay, which has a design capacity of 91 million tons per year, totaled 31.91 tonnes a operation statistic of terminal said. Approximately 22.37 million tons coal or 70.10% of total exports shipped to Asian countries.

In June, southern Asian countries have imported the largest share of Richards Bay exports, taking in 58.20% of the total coal shipped from the terminal. Markets in South eastern Asia accounted for 1.4% of the volume for the same period. Western Asia imported around 9.7% of volume shipped from RBCT, port’s operating statistics shows. In the meantime, Europe imported around 16.7% of volume shipped from RBCT in June. 4.4% of volume goes to African countries and South America accounted for 1% of the volume.

77.6% of total coal exports from RBCT or approximately 3,819,065 tons of coal shipped to south-eastern Asia, western Asia and southern Asia in June 2014.

Total shipments to Europe represented 16.7% (Western Europe 15.2% & Southern Europe 1.5%) of the total exports. Western Europe imports 42.05% more coal from RBCT compared to its May imports. Southern Europe's coal imports from RBCT down 71.15 percent month on month.

Stockpiles at the terminal increased to 3.85 million tonnes end of June, compared to 2.57 million tonnes at the end of May2014.

Fifty one vessels, including 30 Cape size vessels, 7 Panamaxes and 14 Handy size vessels entered the coal terminal in June, compared to 33 capes,10 Panamxes & 20 Handy size vessel in the previous month.

South Africa produced high calorific value coal and one of the favoring coal supplier for Europe as well as Asia particularly India.



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