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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, 19 September 14
PRICES FOR DRY BULK CARRIERS HAVEN'T CORRECTED ENOUGH, DESPITE LOWER THAN EXPECTED FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lot has been said and written about the looming dry bulk market recovery over the past few months. However, even if this hasn’t been materi ...
Thursday, 18 September 14
INDONESIA'S JULY COAL EXPORT VOLUME DROPPED 5.13% M-O-M
COALspot.com: Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.65* ...
Thursday, 18 September 14
PANAMAX : US GULF/CHINA FRONTHAUL ARE NOW PAYING TYPICALLY 14.5K + 450K BB - FEARNRESEARCH
Handy
We still see a firming tendency in the Atlantic and it is still ECSA and USG leading on. USG/Cont now up in about USD 17/18k for a Smax whi ...
Thursday, 18 September 14
ELECTRONIC BILLS OF LADING: A GUIDE TO PAPERLESS TRADING WHICH HAS TAKEN THE SHIPPING INDUSTRY BY STORM
Bimco has recently developed and published a charter party clause that specifically addresses the use of electronic bills of lading. Increasing use ...
Wednesday, 17 September 14
PANAMAX: LIMITED INTEREST IN BOTH BASINS; RISING TONNAGE - INTERMODAL
With the week starting off at a fast pace and with the positive momentum from the previous Friday seemingly sticking around for a bit longer, most ...
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- Mercator Lines Limited - India
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- Videocon Industries ltd - India
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- Samtan Co., Ltd - South Korea
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- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
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- Georgia Ports Authority, United States
- Independent Power Producers Association of India
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- Minerals Council of Australia
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- Sical Logistics Limited - India
- SMG Consultants - Indonesia
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- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
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- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
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- Pendopo Energi Batubara - Indonesia
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- Mintek Dendrill Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- The University of Queensland
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- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
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- SN Aboitiz Power Inc, Philippines
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- VISA Power Limited - India
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- Xindia Steels Limited - India
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- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
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- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
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- Mjunction Services Limited - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- South Luzon Thermal Energy Corporation
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- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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