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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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Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...
Saturday, 08 September 12
RIO TINTO COMPLETES ACQUISITION OF BHP BILLITON'S INTERESTS IN RICHARDS BAY MINERALS
Rio Tinto has doubled its holding in Richards Bay Minerals (RBM) following the completion of its acquisition of BHP Billiton’s entire inte ...
Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain ...
Thursday, 06 September 12
SOME ANCHORED PANAMAX VESSELS WAITING FOR CARGOS TO COME
Handy
According to Fearnleys weekly report, in the smaller segments Fearnleys sees little to no changes since last week. There are still entering s ...
Thursday, 06 September 12
DRY BULK CARRIERS STILL IN HIGH DEMAND AMONG SHIP OWNERS, BUT NEWBUILDING ACTIVITY SLIDES IN AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The slide of the dry bulk market this year hasn't abated ship owners' appetite for dry bulk carriers, as evidenced by the steady interest expresse ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
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- Planning Commission, India
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- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
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- Romanian Commodities Exchange
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- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Australian Commodity Traders Exchange
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- Gujarat Sidhee Cement - India
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- Wilmar Investment Holdings
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- Global Green Power PLC Corporation, Philippines
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- Energy Link Ltd, New Zealand
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- Indonesian Coal Mining Association
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- Global Coal Blending Company Limited - Australia
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- Thai Mozambique Logistica
- Singapore Mercantile Exchange
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- Heidelberg Cement - Germany
- GMR Energy Limited - India
- ASAPP Information Group - India
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- Chamber of Mines of South Africa
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- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
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- Interocean Group of Companies - India
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- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
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- Directorate Of Revenue Intelligence - India
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- Bukit Asam (Persero) Tbk - Indonesia
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- South Luzon Thermal Energy Corporation
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- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
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- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
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- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
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- SMG Consultants - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- The Treasury - Australian Government
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- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
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- IHS Mccloskey Coal Group - USA
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- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
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- Australian Coal Association
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- CNBM International Corporation - China
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- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
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- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
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- White Energy Company Limited
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