Thursday, 16 Feb 2012
It is reported that the 87,000 DWT NYK-operated bulk carrier, Shirakumo arrived at the port of Soma wharf No 5 in Fukushima prefecture on February 9.
Shirakumo is the first coal carrier to berth at the wharf since the Great East Japan Earthquake.
The ship was carrying 63,000 tons of coal from Newcastle, Australia, destined for the Shinchi thermal power station of Soma Kyodo Power Co Ltd. Through the efforts of related parties, operations at the wharf could be resumed and more coal will be expected to make its way into the region resulting in a dramatic recovery of coal shipments into the area.
A poster containing encouraging messages from many citizens of Newcastle, including coal-exporting related parties was also delivered to Soma Kyodo Power Co Ltd by the vessel. NYK hopes the wharf is actively utilized for reconstruction of the affected areas.
NYK will continue its efforts to aid reconstruction of the affected area and help maintain a stable supply of energy resources.
1. Vessel Particulars
2. Length Overall: 229.00 meters
3. Deadweight tonnage: 87,144 tons
4. Flag: Singapore
5. Built year: 2006
6. Loaded cargo: 63,000 tons of coal
(Sourced from gcaptain.com)
Showing posts with label Newcastle coal. Show all posts
Showing posts with label Newcastle coal. Show all posts
Thursday, February 16, 2012
Monday, January 9, 2012
Coal export through port of Newcastle increased by 10pct
Monday, 09 Jan 2012
It is reported that coal exports through the Port of Newcastle increased by about 10% last year reaching about 114 million tonnes. But income from the industry might not be a record with spot or one off sale prices well down on historic highs and lower quality export coal reportedly selling for less than USD 100 a tonne.
Newcastle has three coal loaders. Terminals at Carrington and Kooragang Island are operated by the Rio Tinto and Xstrata-backed Port Waratah Coal Services. A second Kooragang loader owned by the BHP Billiton-backed Newcastle Coal Infrastructure Group began shipping in 2010.
Port Waratah publishes its exports but the infrastructure group does not, meaning that the annual Newcastle exports are an estimate based on the amount of coal arriving at the port from the mines.
In its latest monthly report, the Hunter Valley Coal Chain Co-ordinator which oversees the industry said 113.9 million tonnes of coal arrived at the port in the year to December 31. If as much coal left the port as came into it, the infrastructure group’s share of the total would be about 16million tonnes for the year.
The group could only use smaller handy or Panamax class ships until October when dredging of its shipping channels and berths was completed, allowing it to start using the large Cape class ships that dominate the Newcastle coal trade.
The infrastructure group and Port Waratah are expanding their operations and 2012 exports are expected to be substantially above the 2011 total.
(sourced TheHerald.com.au)
It is reported that coal exports through the Port of Newcastle increased by about 10% last year reaching about 114 million tonnes. But income from the industry might not be a record with spot or one off sale prices well down on historic highs and lower quality export coal reportedly selling for less than USD 100 a tonne.
Newcastle has three coal loaders. Terminals at Carrington and Kooragang Island are operated by the Rio Tinto and Xstrata-backed Port Waratah Coal Services. A second Kooragang loader owned by the BHP Billiton-backed Newcastle Coal Infrastructure Group began shipping in 2010.
Port Waratah publishes its exports but the infrastructure group does not, meaning that the annual Newcastle exports are an estimate based on the amount of coal arriving at the port from the mines.
In its latest monthly report, the Hunter Valley Coal Chain Co-ordinator which oversees the industry said 113.9 million tonnes of coal arrived at the port in the year to December 31. If as much coal left the port as came into it, the infrastructure group’s share of the total would be about 16million tonnes for the year.
The group could only use smaller handy or Panamax class ships until October when dredging of its shipping channels and berths was completed, allowing it to start using the large Cape class ships that dominate the Newcastle coal trade.
The infrastructure group and Port Waratah are expanding their operations and 2012 exports are expected to be substantially above the 2011 total.
(sourced TheHerald.com.au)
Sunday, December 25, 2011
Australia Newcastle Thermal coal rises 2pct
Sunday, 25 Dec 2011
Bloomberg reported that power station coal prices at Australia Newcastle port an Asian benchmark rose 2.3% in the week ended today.
According to the globalCOAL NEWC Index coal prices at the New South Wales port increased to USD 112.85 per ton from USD 110.28 the previous week.
Bloomberg reported that power station coal prices at Australia Newcastle port an Asian benchmark rose 2.3% in the week ended today.
According to the globalCOAL NEWC Index coal prices at the New South Wales port increased to USD 112.85 per ton from USD 110.28 the previous week.
Tuesday, November 15, 2011
Newcastle coal exports down by 3pct
Tuesday, 15 Nov 2011
Coal export volumes from Australia's Newcastle port fell by 3.2% last week ending November 14th 2011.
Newcastle Port Corp said that the volume of coal shipped in the seven days ending Nov 14 fell to 2.53 million metric tonnes from 2.61 million tonnes the previous week.
The average waiting time for coal vessels was 13.92 days, up 1.21 days from the previous week.
(Sourced from Dow Jones Newswires)
Coal export volumes from Australia's Newcastle port fell by 3.2% last week ending November 14th 2011.
Newcastle Port Corp said that the volume of coal shipped in the seven days ending Nov 14 fell to 2.53 million metric tonnes from 2.61 million tonnes the previous week.
The average waiting time for coal vessels was 13.92 days, up 1.21 days from the previous week.
(Sourced from Dow Jones Newswires)
Sunday, August 14, 2011
BHPB Queensland coal mines to be hit by strikes over weekend
Sunday, 14 Aug 2011
Dow Jones reported that BHP Billiton Limited's metallurgical coal operations in Australia's Queensland state will continue to be hit by rolling strikes over the weekend, although both sides in the ongoing labor dispute are set to continue bargaining for a new employment pact next week.
Mr Stephen Smyth district president of the Construction, Forestry, Mining and Energy Union, one of three unions jointly bargaining, said that members of three unions plan to stage shift long strikes at the Gregory Crinum and Blackwater mines that BHP owns with Mitsubishi Corporation.
Action by the workers last week included a picket line at the Saraji mine and a series of strikes were held through the week until early Tuesday across the companies' seven mines. Both sides are set to resume negotiations over a new employment deal for more than 3,000 workers less than half the total workforce at the mines for two days next week and again the week after.
Mr Smyth said that "We are looking at an escalation of the protected industrial action by all unions and we are hoping this continues to apply pressure on the BHP Mitsubishi Alliance."
(sourced Dow Jones Newswire)
Dow Jones reported that BHP Billiton Limited's metallurgical coal operations in Australia's Queensland state will continue to be hit by rolling strikes over the weekend, although both sides in the ongoing labor dispute are set to continue bargaining for a new employment pact next week.
Mr Stephen Smyth district president of the Construction, Forestry, Mining and Energy Union, one of three unions jointly bargaining, said that members of three unions plan to stage shift long strikes at the Gregory Crinum and Blackwater mines that BHP owns with Mitsubishi Corporation.
Action by the workers last week included a picket line at the Saraji mine and a series of strikes were held through the week until early Tuesday across the companies' seven mines. Both sides are set to resume negotiations over a new employment deal for more than 3,000 workers less than half the total workforce at the mines for two days next week and again the week after.
Mr Smyth said that "We are looking at an escalation of the protected industrial action by all unions and we are hoping this continues to apply pressure on the BHP Mitsubishi Alliance."
(sourced Dow Jones Newswire)
Monday, June 13, 2011
Australia Newcastle thermal coal little changed
Monday, 13 Jun 2011
Bloomberg reported that Power station coal prices at Australia Newcastle port an Asian benchmark were little changed in the week ended today.
According to the globalCOAL NEWC Index, coal prices at the New South Wales port were USD 119.35 a metric ton compared with USD 119.34 the previous week.
Xstrata Plc, the world largest exporter of power station coal, BHP Billiton Ltd and Rio Tinto Group are among mining companies that ship coal through Newcastle.
(Sourced from Bloomberg)
Bloomberg reported that Power station coal prices at Australia Newcastle port an Asian benchmark were little changed in the week ended today.
According to the globalCOAL NEWC Index, coal prices at the New South Wales port were USD 119.35 a metric ton compared with USD 119.34 the previous week.
Xstrata Plc, the world largest exporter of power station coal, BHP Billiton Ltd and Rio Tinto Group are among mining companies that ship coal through Newcastle.
(Sourced from Bloomberg)
Tuesday, February 15, 2011
Asian Thermal Coal Contracts May Rise 36% to Record After Rains
By Ben Sharples - Feb 14, 2011
Asian utilities begin negotiations with coal producers this week and may be forced to pay as much as 36 percent more for their fuel after heavy rain in Australia, Indonesia, South Africa and Colombia disrupted output.
Prices for the year starting April 1 may increase to between $125 and $133 a metric ton, analysts from Bank of America Merrill Lynch, UOB-Kay Hian Ltd., Citigroup Inc. and National Australia Bank Ltd. said. Japanese utilities agreed to pay Xstrata Plc $98 a ton for the 12 months starting April 1, 2010, the company said in August.
“There are still lingering supply concerns around the place, not just in Australia,” Mark Pervan, head of commodity research at Australia & New Zealand Banking Group Ltd. in Melbourne, said by telephone. The bank has forecast contract prices may rise to $125 a ton.
Heavy rain has crimped output in Colombia, Indonesia and Australia, where flooding in December and January shut mines and damaged rail lines in Queensland, the nation’s biggest coal-producing state. Prices more than doubled to a record $125 a ton in 2008 after floods disrupted supply from the state. Contract negotiations start this week, according to Citigroup.
While prices of the fuel for immediate delivery “have eased back” after increasing to a two-year high last month, “the focus will be on the longer-term outlook,” Citigroup analysts said in a Feb. 11 note. “We still see strong demand growth and expect contract prices to be settled at record highs.” The bank forecast contract prices at $130 a ton.
Newcastle Price The price for thermal coal at the port of Newcastle in New South Wales, the benchmark for Asia, rose to $138.50 a metric ton in the week ended Jan. 14, the highest since September 2008, according to IHS McCloskey, a Petersfield, U.K.-based provider of data. It was at $120.75 in the week ended Feb. 11.
Queensland exports about 50 million tons of thermal coal each year, according to Macquarie Group Ltd. Shipments of the power station variety may be reduced by more than 5 million tons after a landslide shut a rail network that serves mines operated by Peabody Energy Corp. and New Hope Corp., Citigroup analysts, led by Daniel Hynes, said in the Feb. 11 report.
Merrill Lynch analysts led by Sydney-based Alex Tonks said contract prices may rise to $125 a ton, and National Australia Bank Ltd. minerals and energy economist, Ben Westmore, said they may increase to $130 a ton. UOB-Kay Hian Hong Kong-based analyst Helen Lau said they may reach $133 a ton.
Annual accords between mining companies and customers may be agreed “by mid-to-late March,” Australia & New Zealand Banking Group’s Pervan said. “Xstrata has become the number one player in the market. It’s their deal with a Japanese utility, usually Tokyo Electric,” that sets the benchmark for prices.
(sourced:bloomberg)
Tags: Asian Thermal coal contracts, heavy rains, Bank of America Merrill Lynch, UOB-Kay Hian Ltd., Citigroup Inc., National Australia Bank Ltd, Xstrata Plc, Newcastle coal, Tokyo
Asian utilities begin negotiations with coal producers this week and may be forced to pay as much as 36 percent more for their fuel after heavy rain in Australia, Indonesia, South Africa and Colombia disrupted output.
Prices for the year starting April 1 may increase to between $125 and $133 a metric ton, analysts from Bank of America Merrill Lynch, UOB-Kay Hian Ltd., Citigroup Inc. and National Australia Bank Ltd. said. Japanese utilities agreed to pay Xstrata Plc $98 a ton for the 12 months starting April 1, 2010, the company said in August.
“There are still lingering supply concerns around the place, not just in Australia,” Mark Pervan, head of commodity research at Australia & New Zealand Banking Group Ltd. in Melbourne, said by telephone. The bank has forecast contract prices may rise to $125 a ton.
Heavy rain has crimped output in Colombia, Indonesia and Australia, where flooding in December and January shut mines and damaged rail lines in Queensland, the nation’s biggest coal-producing state. Prices more than doubled to a record $125 a ton in 2008 after floods disrupted supply from the state. Contract negotiations start this week, according to Citigroup.
While prices of the fuel for immediate delivery “have eased back” after increasing to a two-year high last month, “the focus will be on the longer-term outlook,” Citigroup analysts said in a Feb. 11 note. “We still see strong demand growth and expect contract prices to be settled at record highs.” The bank forecast contract prices at $130 a ton.
Newcastle Price The price for thermal coal at the port of Newcastle in New South Wales, the benchmark for Asia, rose to $138.50 a metric ton in the week ended Jan. 14, the highest since September 2008, according to IHS McCloskey, a Petersfield, U.K.-based provider of data. It was at $120.75 in the week ended Feb. 11.
Queensland exports about 50 million tons of thermal coal each year, according to Macquarie Group Ltd. Shipments of the power station variety may be reduced by more than 5 million tons after a landslide shut a rail network that serves mines operated by Peabody Energy Corp. and New Hope Corp., Citigroup analysts, led by Daniel Hynes, said in the Feb. 11 report.
Merrill Lynch analysts led by Sydney-based Alex Tonks said contract prices may rise to $125 a ton, and National Australia Bank Ltd. minerals and energy economist, Ben Westmore, said they may increase to $130 a ton. UOB-Kay Hian Hong Kong-based analyst Helen Lau said they may reach $133 a ton.
Annual accords between mining companies and customers may be agreed “by mid-to-late March,” Australia & New Zealand Banking Group’s Pervan said. “Xstrata has become the number one player in the market. It’s their deal with a Japanese utility, usually Tokyo Electric,” that sets the benchmark for prices.
(sourced:bloomberg)
Tags: Asian Thermal coal contracts, heavy rains, Bank of America Merrill Lynch, UOB-Kay Hian Ltd., Citigroup Inc., National Australia Bank Ltd, Xstrata Plc, Newcastle coal, Tokyo
Sunday, February 13, 2011
China’s coal price kept stable on ample supply during Lunar New Year
Feb11, 2011
China's coal price remained stable under ample supply during the Chinese Lunar Spring Festival in Feb 2-8 despite international coal price hike.
By Feb 2, China's benchmark power coal price stood unchanged for two consecutive weeks at 774 yuan/t.
Meanwhile, coal stocks at Qinhuangdao Port, a major coal transit and trading center in north China, stayed high, reaching 7.726 8 million tonnes by Feb 7.
At the same time, daily coal output of major coal producers in Shanxi has approximated to 1 million tonnes by Feb 7, which guaranteed stable coal supply to domestic market. Insiders believe that China's steam coal price is unlikely to jump under the government's price control.
Besides, international coal price is staying range bound at a high level after reaching the peak, which lessened the pressure to drive up domestic coal price.
Currently, steam coal price at New Castle Port in Australia stands at US$ 125 a tonne, down US$2 per tonne from the price on Feb 4.
Li Zhaolin, a coal expert in China, noted that China's coal price will keep stable in general in 2011, with rise estimated at 3 percent over 2010.
(sourced:Xinhua)
China's coal price remained stable under ample supply during the Chinese Lunar Spring Festival in Feb 2-8 despite international coal price hike.
By Feb 2, China's benchmark power coal price stood unchanged for two consecutive weeks at 774 yuan/t.
Meanwhile, coal stocks at Qinhuangdao Port, a major coal transit and trading center in north China, stayed high, reaching 7.726 8 million tonnes by Feb 7.
At the same time, daily coal output of major coal producers in Shanxi has approximated to 1 million tonnes by Feb 7, which guaranteed stable coal supply to domestic market. Insiders believe that China's steam coal price is unlikely to jump under the government's price control.
Besides, international coal price is staying range bound at a high level after reaching the peak, which lessened the pressure to drive up domestic coal price.
Currently, steam coal price at New Castle Port in Australia stands at US$ 125 a tonne, down US$2 per tonne from the price on Feb 4.
Li Zhaolin, a coal expert in China, noted that China's coal price will keep stable in general in 2011, with rise estimated at 3 percent over 2010.
(sourced:Xinhua)
Coal India to import tens of millions of tons of coal under long-term supply deals
bySayeh Tavangar,
Coal Trader International
Feb7,2011
Coal India Limited is putting the finishing touches to a long-term coal supply contract framework that could see it purchase tens of millions of tons of imported thermal coal from Australia, Indonesia, South Africa and the US from a list of pre-selected coal suppliers for delivery starting in April, according to sources in the Indian market.
The Kolkata-based Indian coal producer is assembling a panel of coal suppliers, each able to supply Coal India with a minimum of 1 million mt/year of imported thermal coal under the terms of its 10-year Long Term Off-take of Coal contract framework.
Coal India has already drawn-up a short-list of potential coal suppliers from parties that responded to its request for expressions of interest last August.
These short-listed suppliers have now been invited by Coal India to participate in the second round of its panel selection process which is currently underway.
Companies that were successful in qualifying for the second selection stage have been sent copies of Coal India's draft Contract for Long Term Off-take of Coal (CLTO) and have been asked to comment on its proposals.
In its CLTO document, Coal India said its objective is to "select companies for entering into a CLTO for a period of 10 years for the supply of thermal coal for the generation of power for any or all of the four countries namely; Australia, USA, Indonesia and South Africa."
A final draft of Coal India's coal supply tender document is expected to be released to interested parties within one week, according to a market source.
Tender evaluated on an CFR India basis Importantly, Coal India said its long-term coal supply contracts are "expected to be finalized at a price less than the prevailing import price." All price offers for the tender will be evaluated on a cost and freight (CFR) India basis, the document said.
"The purpose of such a CLTO is to insulate [Indian] consumers from any international price volatility and secure the quantities for a period of 10 years," Coal India's document said.
Offers into the Coal India tender are to be grouped into 16 categories, eight for high calorific value coal (i.e. more than 5,500 kcal/kg GAR) and eight for medium cv coal (which it defines as between 4,000-5,500 kcal/kg GAR).
Coal from each of the four countries of origin specified in the tender document are to be quoted for delivery to both the east and west coasts of India.
Coal India will identify lowest-price bids on a C&F India basis in each of its 16 bid categories, said the document.
Suppliers that are successful in the tender will be asked to provide Coal India with a minimum quantity of 1 million mt/year of imported thermal coal, starting delivery in April 2011 through to March 2021, adding up to a total of 10 million mt over the 10-year period of each supply contract.
Prices for the coal supplied to Coal India under each 10-year deal will be linked to price indices for Richards Bay and Newcastle coal, the document said.
Coal India could potentially purchase up to 25 million mt/year of coal under its long-term coal supply contract framework, adding up to a total of 250 million mt over the 10-year term of the CLTO tender, according to one market source. Other market sources said the quantity of coal purchased in the tender could add up to tens of millions of tons.
India's minister for coal, Sriprakash Jaiswal reportedly told an Indian conference February 3 that India was facing a growing gap in its supply of coal that could reach 142 million mt in the financial year to March 2012 and 200 million mt in the year thereafter.
Mike Cooper, (sourced:Platts)
Coal Trader International
Feb7,2011
Coal India Limited is putting the finishing touches to a long-term coal supply contract framework that could see it purchase tens of millions of tons of imported thermal coal from Australia, Indonesia, South Africa and the US from a list of pre-selected coal suppliers for delivery starting in April, according to sources in the Indian market.
The Kolkata-based Indian coal producer is assembling a panel of coal suppliers, each able to supply Coal India with a minimum of 1 million mt/year of imported thermal coal under the terms of its 10-year Long Term Off-take of Coal contract framework.
Coal India has already drawn-up a short-list of potential coal suppliers from parties that responded to its request for expressions of interest last August.
These short-listed suppliers have now been invited by Coal India to participate in the second round of its panel selection process which is currently underway.
Companies that were successful in qualifying for the second selection stage have been sent copies of Coal India's draft Contract for Long Term Off-take of Coal (CLTO) and have been asked to comment on its proposals.
In its CLTO document, Coal India said its objective is to "select companies for entering into a CLTO for a period of 10 years for the supply of thermal coal for the generation of power for any or all of the four countries namely; Australia, USA, Indonesia and South Africa."
A final draft of Coal India's coal supply tender document is expected to be released to interested parties within one week, according to a market source.
Tender evaluated on an CFR India basis Importantly, Coal India said its long-term coal supply contracts are "expected to be finalized at a price less than the prevailing import price." All price offers for the tender will be evaluated on a cost and freight (CFR) India basis, the document said.
"The purpose of such a CLTO is to insulate [Indian] consumers from any international price volatility and secure the quantities for a period of 10 years," Coal India's document said.
Offers into the Coal India tender are to be grouped into 16 categories, eight for high calorific value coal (i.e. more than 5,500 kcal/kg GAR) and eight for medium cv coal (which it defines as between 4,000-5,500 kcal/kg GAR).
Coal from each of the four countries of origin specified in the tender document are to be quoted for delivery to both the east and west coasts of India.
Coal India will identify lowest-price bids on a C&F India basis in each of its 16 bid categories, said the document.
Suppliers that are successful in the tender will be asked to provide Coal India with a minimum quantity of 1 million mt/year of imported thermal coal, starting delivery in April 2011 through to March 2021, adding up to a total of 10 million mt over the 10-year period of each supply contract.
Prices for the coal supplied to Coal India under each 10-year deal will be linked to price indices for Richards Bay and Newcastle coal, the document said.
Coal India could potentially purchase up to 25 million mt/year of coal under its long-term coal supply contract framework, adding up to a total of 250 million mt over the 10-year term of the CLTO tender, according to one market source. Other market sources said the quantity of coal purchased in the tender could add up to tens of millions of tons.
India's minister for coal, Sriprakash Jaiswal reportedly told an Indian conference February 3 that India was facing a growing gap in its supply of coal that could reach 142 million mt in the financial year to March 2012 and 200 million mt in the year thereafter.
Mike Cooper, (sourced:Platts)
Monday, January 17, 2011
StanChart sees steam rice rising on supply disruption
Monday, 17 Jan 2011
Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on tighter than expected fundamentals but uncertainties loom in China, Indonesia and Australia.
It said that the impressive run in coal markets resembles 2008 but is unlikely to breach its previous high, adding that it was bullish short erm, but highlight the risk of setbacks in 2Q as seasonal demand fades.
StanChart Research said it had on Nov 18, 2010 it had issued a report where it had forecast USD 116 per tonne for Newcastle coal, free on board basis, based on a global deficit of 4.8 million tonnes before the full impact of floods in Australia, in terms of supply disruption had been factored in.
Sourced:The Edge Daily
Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on tighter than expected fundamentals but uncertainties loom in China, Indonesia and Australia.
It said that the impressive run in coal markets resembles 2008 but is unlikely to breach its previous high, adding that it was bullish short erm, but highlight the risk of setbacks in 2Q as seasonal demand fades.
StanChart Research said it had on Nov 18, 2010 it had issued a report where it had forecast USD 116 per tonne for Newcastle coal, free on board basis, based on a global deficit of 4.8 million tonnes before the full impact of floods in Australia, in terms of supply disruption had been factored in.
Sourced:The Edge Daily
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