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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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Friday, 30 April 21
HIGH-SULPHUR FUEL OIL SALES REBOUND AFTER PRE-IMO 2020 - BIMCO
HSFO sales are up 47.2% from Q1 2020, reaching 3.1m tonnes. This is however still less than a third of high-sulphur fuel sales in Q1 2019, before t ...
Wednesday, 28 April 21
MARKET INSIGHT - INTERMODAL
Despite the current challenges as a result of the global pandemic, 2021 is turning out to be a landmark year for the iron ore market with spot pric ...
Monday, 26 April 21
CHINA TO FURTHER CUT COAL USE IN 2021 - XINHUA
China aims to reduce the share of coal in its energy mix to less than 56% this year, according to a guideline released by the National Energy Admin ...
Wednesday, 21 April 21
COAL FINANCING COSTS HAVE SURGED IN PAST 10 YEARS - UNIVERSITY OF OXFORD - THE GUARDIAN
Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy p ...
Tuesday, 20 April 21
US DOLLAR LIBOR TRANSITION IN ASSET FINANCE - WHERE ARE WE NOW? - WATSON FARLEY & WILLIAMS
Since our last article, there has been a raft of regulatory and market body announcements relating to the transition away from LIBOR and the follow ...
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- Ministry of Transport, Egypt
- McConnell Dowell - Australia
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- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
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- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Australian Coal Association
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- The State Trading Corporation of India Ltd
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- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
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- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
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- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
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- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
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- Sree Jayajothi Cements Limited - India
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- Aditya Birla Group - India
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- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Planning Commission, India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
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- Billiton Holdings Pty Ltd - Australia
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- Independent Power Producers Association of India
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- Bhushan Steel Limited - India
- Eastern Coal Council - USA
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- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
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- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
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- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
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- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
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- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
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