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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, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...
Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
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- Renaissance Capital - South Africa
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- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
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- Billiton Holdings Pty Ltd - Australia
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- Latin American Coal - Colombia
- Baramulti Group, Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
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- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
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- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
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- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
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- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
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- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- The University of Queensland
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
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- Meralco Power Generation, Philippines
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- PowerSource Philippines DevCo
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- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Australian Coal Association
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
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- Jorong Barutama Greston.PT - Indonesia
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- Parliament of New Zealand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
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- Bhoruka Overseas - Indonesia
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- Goldman Sachs - Singapore
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- Economic Council, Georgia
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- Central Electricity Authority - India
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- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
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- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
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