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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, 24 August 15
IS CHINA'S STEEL EXPORTS ENOUGH TO SUPPORT THE FREIGHT MARKET? - BIMCO
No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will su ...
Sunday, 23 August 15
SHIPPING FREIGHT RATES FALL SHARPLY ON EXCESS SUPPLY AND LOW DEMAND
COALspot.com: The BDI continued to soften and was down 5.78 pct and falls back below 1000 points this week.
The cape Index lost 17.25 per cent ...
Friday, 21 August 15
U.S. YEAR-TO-DATE COAL PRODUCTION VOLUME FALLS 8.7% Y-O-Y
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.3 million shor ...
Friday, 21 August 15
GLOBALCOAL TO LAUNCH ONLINE TRADING OF PHYSICAL MET COAL ON 13 OCTOBER
On 13 October 2015, globalCOAL will launch an online platform for the physical procurement and trade of high quality hard coking coal delivered FOB ...
Thursday, 20 August 15
COAL PRICES FALL TO 12-YEAR LOWS AS CHINA, INDIA JOIN DEMAND SLOWDOWN - REUTERS
Coal futures have fallen to 12-year lows, hit by soaring production and a slowdown in global buying, including from India and China which until rec ...
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- Goldman Sachs - Singapore
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- PTC India Limited - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
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- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Posco Energy - South Korea
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- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
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- Economic Council, Georgia
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- Electricity Authority, New Zealand
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- CNBM International Corporation - China
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- Australian Commodity Traders Exchange
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- White Energy Company Limited
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- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
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- Commonwealth Bank - Australia
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- Tata Chemicals Ltd - India
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- Global Business Power Corporation, Philippines
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- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
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- Jaiprakash Power Ventures ltd
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- Renaissance Capital - South Africa
- Romanian Commodities Exchange
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- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
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- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Interocean Group of Companies - India
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- Minerals Council of Australia
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- Georgia Ports Authority, United States
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- Sakthi Sugars Limited - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
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- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
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- Energy Development Corp, Philippines
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- Australian Coal Association
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- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
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- CIMB Investment Bank - Malaysia
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- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
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- Salva Resources Pvt Ltd - India
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- SMC Global Power, Philippines
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- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Marubeni Corporation - India
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- Thai Mozambique Logistica
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- Xindia Steels Limited - India
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- Indian Energy Exchange, India
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- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
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- Eastern Energy - Thailand
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