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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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Wednesday, 06 May 20
KOSPO INVITED COAL BIDS FOR LOW CALORIFIC VALUE COAL
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 160,000 Metric Tons (MT) Low Calorific Value Coal for J ...
Wednesday, 06 May 20
COST CHALLENGES IN A US$20/BBL WORLD - WOOD MACKENZIE
A new approach is needed to ensure supply sector resilience
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It’s going to g ...
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MARKET INSIGHT - INTERMODAL
It comes as no surprise that activity in the dry bulk SnP market remains soft, with asset values caught in the downward spiral generated by the Cov ...
Wednesday, 06 May 20
FLOATING STORAGE OF OIL CARGOES - STANDARD CLUB
KNOWLEDGE TO ELEVATE
Due to a combination of circumstances there is now a worldwide shortage of storage space ashore for both unrefi ...
Wednesday, 06 May 20
IRON ORE TRADE REMAINS REMARKABLY RESILIENT THIS YEAR, AT LEAST IN ASIA - BANCHERO COSTA
Iron ore trade remains remarkably resilient this year, at least in Asia, despite the global economic impact from COVID-19. In the first 4 months of ...
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- Bangladesh Power Developement Board
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- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
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- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
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- Samtan Co., Ltd - South Korea
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- Goldman Sachs - Singapore
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- Wood Mackenzie - Singapore
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- South Luzon Thermal Energy Corporation
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- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
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- Karbindo Abesyapradhi - Indoneisa
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- SMG Consultants - Indonesia
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- Africa Commodities Group - South Africa
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- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
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- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
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- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
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- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
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- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
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- GVK Power & Infra Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
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- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
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- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- The University of Queensland
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- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
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- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
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- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
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- Ceylon Electricity Board - Sri Lanka
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- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
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- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
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- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
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- Ministry of Transport, Egypt
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- Deloitte Consulting - India
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