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Thursday, 17 December 15
GLADSTONE PORT COAL RECORD LOOMING, EXPORTS UP 12% - GLADSTONE OBSERVER
 COAL exports from Gladstone's port have taken a leap, with more than seven million tonnes leaving the wharves in November.
That increase is 12% ahead of October's tonnage when 5.94 million tonnes were exported. The November total was 7.2 million.
Shipping destinations China, Japan and South Korea increased their purchases during the month.
Gladstone Ports Corporation chief executive officer Craig Doyle said it was almost certain the port would export record tonnage by the end of the financial year, at the end of June 2016.
"We are in a similar position to where we have been for the last couple of years," he said. "Our tonnage is above plan at this stage of the year and, with the Wiggins Island Export Coal Terminal continuing to ramp up, we can expect to see more than 70 million tonnes go through the port before the end of June.
"Volume is our friend.
"Our customers are long-held customers and they are working their way through the slump in coal prices by increasing production.
"They have fixed costs and increased production helps improve profitability.
"It's a far greater problem for new mines trying to open up as the start-up costs are significant."
Mr Doyle said there would always be a demand for coal from Queensland mines because of its higher quality and energy efficiency in comparison to the coal from countries we export to.
The port exported 66.5 million tonnes of coal from January to November, an increase from the 64.2 million tonnes for the same period in 2014.
Japan was the port's main customer for the month, picking up 2.08 million tonnes, an increase of 23% from October.
South Korean buyers took delivery of 1.8 million tonnes, up 28% from the October level.
The country has been increasing its coal purchases from Gladstone this year with its January to November uptake 10.9 million tonnes against nine million for the same period last year.
China exports have increased by 26% in November to 1.2 million tonnes against 956,000 tonnes in October.
However, the export figures to China were well down in the January-November period at 10.8 million tonnes against the 2014 figure of 15.33 million tonnes.
Exports to India have also slowed to 1.13 million tonnes, 11.5% down from the October figure of 1.28 million.
However, exports to India were the port's second largest for the year, with 13.46 million tonnes between January and November, against 11.8 million in the same period in 2014.
Source: Gladstone Observer
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Friday, 18 December 15
WHEN IS A MASTER ENTITLED TO REFUSE DAMAGED CARGO? A REMINDER - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
A master’s authority to clause bills of lading issued by or on his behalf can sometimes become the cause of disagreeme ...
Friday, 18 December 15
CHINA GROWTH SHOCK TO HIT ENERGY, SHIPPING, STEEL MOST - FITCH
Energy, shipping and steel would be the hardest-hit sectors in Asia-Pacific (APAC) in the event of a sharp slowdown in Chinese growth, says Fitch R ...
Friday, 18 December 15
WEEKLY U.S. COAL PRODUCTION REMAINS FLAT ACROSS ALL BASINS
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 17 December 15
THE LOW DEMAND AND EXCESS COAL OUTPUT, KEEP THE FOB INDONESIA COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swap for delivery Q1 2016 rose month on month and decline slightly week over week. For the week ended December 11, 20 ...
Wednesday, 16 December 15
FOB RICHARDS BAY COAL SWAP SLUMP 5.5% FROM LAST MONTH
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 decline month over month and week over week.
The Q1’ 2016 &nbs ...
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- Standard Chartered Bank - UAE
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- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- MS Steel International - UAE
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- VISA Power Limited - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
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- Ministry of Transport, Egypt
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- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
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- Indonesian Coal Mining Association
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- Bangladesh Power Developement Board
- Eastern Coal Council - USA
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- New Zealand Coal & Carbon
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- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
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- The State Trading Corporation of India Ltd
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- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
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- Economic Council, Georgia
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- ICICI Bank Limited - India
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- Metalloyd Limited - United Kingdom
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- Commonwealth Bank - Australia
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- Alfred C Toepfer International GmbH - Germany
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- Baramulti Group, Indonesia
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- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
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- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
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- Kartika Selabumi Mining - Indonesia
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- Sojitz Corporation - Japan
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- Star Paper Mills Limited - India
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- Global Business Power Corporation, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
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- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Chamber of Mines of South Africa
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- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
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- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
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- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
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- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
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- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Planning Commission, India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
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- White Energy Company Limited
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- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
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- Holcim Trading Pte Ltd - Singapore
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- Intertek Mineral Services - Indonesia
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- Marubeni Corporation - India
- Cement Manufacturers Association - India
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- The University of Queensland
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
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- Mintek Dendrill Indonesia
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