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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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Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
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- Global Green Power PLC Corporation, Philippines
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- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
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- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
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- London Commodity Brokers - England
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- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
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- SMC Global Power, Philippines
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- Minerals Council of Australia
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- Bulk Trading Sa - Switzerland
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- Thai Mozambique Logistica
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- Romanian Commodities Exchange
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- Chamber of Mines of South Africa
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- Goldman Sachs - Singapore
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- Directorate General of MIneral and Coal - Indonesia
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- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
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- Sindya Power Generating Company Private Ltd
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- Karaikal Port Pvt Ltd - India
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- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
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- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
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- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
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- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
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- OPG Power Generation Pvt Ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
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- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
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- IHS Mccloskey Coal Group - USA
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- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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