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Tuesday, 08 April 14
RBCT SHIPPED 53.79% MORE COAL IN MARCH 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 6.90 million tons of coal in March 2014, jumped by 2,414,213 tons or 53.79% from the previous-month, according to latest data released by Richards Bay Coal Terminal. Richards Bay's shipped 4,045,177 tons of coal in February 2014, the terminal reported.
Year-to-date coal exports at Richards Bay, which has a design capacity of 91 million tons per year, totalled 15,958,637 tonnes a note from terminal said.
In March, southern Asian countries have imported the largest share of Richards Bay exports, taking in 30.2% of the total coal shipped from the terminal. Markets in eastern Asia accounted for 23.8% of the volume. Western Asia imported around 12.1% of volume shipped from RBCT, port’s operating statistics shows.
69.1% of total coal exports from RBCT or approximately 4,769,203 tons of coal shipped to southern eastern Asia, southern Asia, western Asia and eastern Asian countries in March 2014.
Total shipments to Europe represented 27.6% (Western Europe 24.3% & Southern Europe 3.3%) of the total exports. Western Europe imports more coal from RBCT compared to its February imports. However, southern Europe's coal imports from RBCT dropped 50.70 percent month on month.
Stockpiles at the terminal declined to 3.053 million tonnes, compared to 3.375 million tonnes at the end of February 2014.
Sixty one vessels, including 43 Cape size vessels & 8 Panamaxes entered the coal terminal in March, compared to 41 (26 capes, 6 Panamxes & 9 handy size) in the previous month.
South Africa produced high calorific value coal and one of the favouring coal supplier for Europe as well as Asia particularly India.
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Wednesday, 21 May 14
SHIPPING: MARKET INSIGHT - GEORGE LAZARIDIS
The recent revision by the OECD of its global growth forecast has sparked a debate as to the potential outcome these new figures will have on seabo ...
Tuesday, 20 May 14
NEWCASTLE'S COAL EXPORT VOLUME UP 39.11 PERCENT WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 19 May 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, ...
Tuesday, 20 May 14
DRY BULK MARKET TO IMPROVE OVER THE COURSE OF 2014, BUT OVERSUPPLY STILL AN ISSUE SAYS BIMCO'S CHIEF SHIPPING ANALYST
As a gruelling first quarter edges closer to the end, dry bulk ship owners are looking at an improved second quarter demand, which, coupled with sl ...
Tuesday, 20 May 14
DRY BULK MARKET IS BOUND FOR A RECOVERY CLAIMS PARAGON SHIPPING'S HEAD MICHAEL BODOUROGLOU
The dry bulk market is bound for a recovery in the coming weeks, as the market will be better balanced, said Mr. Michael Bodouroglou, Chairman and ...
Monday, 19 May 14
INDO COAL SWAPS FOR AVERAGE Q3' 2014 DELIVERY LOST ON WEEK AND ON MONTH
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on week and on month according to AsiaClear OTC coal swap's reports release ...
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