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Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the queue of vessels waiting to load shortened. The volume exported in the week ended 7 a.m. local time yesterday climbed to 1.83 million metric tons from 1.77 million tons in the preceding period, Newcastle Port Corp. said on its Web site. Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that export the fuel from the harbor.
| “coal prices at Australia’s Newcastle port, an Asian benchmark, declined 0.7 percent, falling for the first time in four weeks” |
Fifty-five ships, waiting to load 4.5 million tons of coal, were outside the harbor, down from 58 a week earlier. The queue reached 60 vessels in December, the longest since July 2007.
Coal ships queued to load for an average of 15.79 days, from 17.86 days a week earlier, Newcastle Port said. The waiting time compared with 0.61 day
for general-cargo vessels.
Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, declined 0.7 percent, falling for the first time in four weeks. Prices fell to $98.53 a ton in the week ended Jan. 29, according to the globalCOAL NEWC Index.
Source: Bloomberg / Hellenic Shipping News
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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