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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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- Sarangani Energy Corporation, Philippines
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- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
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- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
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- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
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- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
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- Marubeni Corporation - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- London Commodity Brokers - England
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- CNBM International Corporation - China
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- Billiton Holdings Pty Ltd - Australia
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- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
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- Leighton Contractors Pty Ltd - Australia
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- Goldman Sachs - Singapore
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- MS Steel International - UAE
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- Central Electricity Authority - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
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- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
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- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
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- Energy Development Corp, Philippines
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- The University of Queensland
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- Bhatia International Limited - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
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- Chettinad Cement Corporation Ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
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- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Xindia Steels Limited - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
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- LBH Netherlands Bv - Netherlands
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- PowerSource Philippines DevCo
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