Tuesday, 24 Jan 2012
Bloomberg reported that coal shipments from Australia’s Newcastle port increased 43% last week. The queue of ships waiting to load coal cargoes lengthened to 16 from 14.
(Sourced from Bloomberg)
Showing posts with label coal cargoes. Show all posts
Showing posts with label coal cargoes. Show all posts
Tuesday, January 24, 2012
Friday, December 2, 2011
Euro Coal-Prices stable on equities, euro gains
Dec2, 2011
* No fixed price trades, API4 index deals at -$1-1.20
* Macros continue to be main driver
LONDON Dec 1 (Reuters) - Physical prompt coal prices were little changed on Thursday despite a fall in oil as signs of further economic slowdown in Europe and a weaker factory sector in China outweighed encouraging U.S. manufacturing data.
No fixed price trades were reported but there were several indexed trades for South African cargoes.
Unless supported by strong oil, equities and a weaker dollar, coal prices could drift lower between now and January because short-term fundamentals are bearish, traders and end-users said.
World stocks edged higher on Thursday while the euro gained for the fourth day and a Spanish debt sale saw good demand, keeping hopes alive that the euro zone debt crisis may be contained.
Further ahead in 2012 the outlook is less grim for coal and other bulk commodities.
"We continue to favour the fundamentals for copper, coal and iron ore," Credit Suisse said in its Metals and Mining research note.
Lack of spot demand from China and India has left suppliers struggling to place prompt cargoes already unwanted in Europe and there are almost no bullish fundamental factors.
South African exporters have sold their December cargoes but some players further down the cargo chains formed when cargoes trade multiple times are still battling to find buyers.
A South African prompt cape was being offered on Wednesday with no takers.
Global stocks rallied and the dollar slid on Wednesday after the world's leading central banks acted jointly to ensure financial markets rocked by the euro zone's escalating debt crisis have enough funding.
The banking measures bolstered the appetite for risk, lifting assets such as stocks and commodities while leading investors to dump safe-haven dollar and government debt.
TRADES
No fresh fixed price trades were reported.
A February South African cargo traded at $1.20 a tonne below the API4 index.
A Q2 API4 index trade also took place at $1.00 a tonne below the index.
PRICES
A January South African cargo was bid at $103.25, unchanged.
A February South African cargo was bid at $95.00. A January delivery DES ARA cargo was offered at $112.00, down $1.00.
A February DES ARA cargo was bid at $112.50.
(sourced Reuters)
* No fixed price trades, API4 index deals at -$1-1.20
* Macros continue to be main driver
LONDON Dec 1 (Reuters) - Physical prompt coal prices were little changed on Thursday despite a fall in oil as signs of further economic slowdown in Europe and a weaker factory sector in China outweighed encouraging U.S. manufacturing data.
No fixed price trades were reported but there were several indexed trades for South African cargoes.
Unless supported by strong oil, equities and a weaker dollar, coal prices could drift lower between now and January because short-term fundamentals are bearish, traders and end-users said.
World stocks edged higher on Thursday while the euro gained for the fourth day and a Spanish debt sale saw good demand, keeping hopes alive that the euro zone debt crisis may be contained.
Further ahead in 2012 the outlook is less grim for coal and other bulk commodities.
"We continue to favour the fundamentals for copper, coal and iron ore," Credit Suisse said in its Metals and Mining research note.
Lack of spot demand from China and India has left suppliers struggling to place prompt cargoes already unwanted in Europe and there are almost no bullish fundamental factors.
South African exporters have sold their December cargoes but some players further down the cargo chains formed when cargoes trade multiple times are still battling to find buyers.
A South African prompt cape was being offered on Wednesday with no takers.
Global stocks rallied and the dollar slid on Wednesday after the world's leading central banks acted jointly to ensure financial markets rocked by the euro zone's escalating debt crisis have enough funding.
The banking measures bolstered the appetite for risk, lifting assets such as stocks and commodities while leading investors to dump safe-haven dollar and government debt.
TRADES
No fresh fixed price trades were reported.
A February South African cargo traded at $1.20 a tonne below the API4 index.
A Q2 API4 index trade also took place at $1.00 a tonne below the index.
PRICES
A January South African cargo was bid at $103.25, unchanged.
A February South African cargo was bid at $95.00. A January delivery DES ARA cargo was offered at $112.00, down $1.00.
A February DES ARA cargo was bid at $112.50.
(sourced Reuters)
Monday, September 19, 2011
Taipower expands its coal carrier ships fleet
Monday, 19 Sep 2011
CAN reported that state owned electricity provider Taiwan Power Company invested NTD 6.3 billion to expand its coal carrier ships fleet in an effort to save costs in transporting coal.
Besides its Dian Chang No 1 and 2 ships currently in service, Taipower purchased four more vessels this year. Among them, three ships have started operation while the fourth will be handed over from the shipbuilder next month.
According to Taipower, the six ship fleet can transport 8 million tonnes of coal per year. This cuts down the costs of shipping and raises the amount of coal transported in house from 10% of Taipower total coal imports to 30%.
Mr Hsu Chen-hu an official with the company said the expansion will not only lower transportation costs but help stabilize the domestic coal supply. He said that coal-fired power plants account for 40% of the power supply in Taiwan. Coal demand is expected to rise when the company remodels its Linkou and Dalin power plants.
Taipower is confident in this investment. Mr Hsu said the firm invested some NTD 2.8 billion in the first two ships in 2001 and the cost was recovered within five years.
He added that according to the figures from last year, Dian Chang No 1 and 2 saved the company NTD 5.5 billion compared with renting ships.
By 2018, Taipower expects domestic demand for coal to grow from 27 million tonnes this year to 30 million tonnes. The number will increase to 40 million tonnes by 2022.
(Sourced from CAN)
CAN reported that state owned electricity provider Taiwan Power Company invested NTD 6.3 billion to expand its coal carrier ships fleet in an effort to save costs in transporting coal.
Besides its Dian Chang No 1 and 2 ships currently in service, Taipower purchased four more vessels this year. Among them, three ships have started operation while the fourth will be handed over from the shipbuilder next month.
According to Taipower, the six ship fleet can transport 8 million tonnes of coal per year. This cuts down the costs of shipping and raises the amount of coal transported in house from 10% of Taipower total coal imports to 30%.
Mr Hsu Chen-hu an official with the company said the expansion will not only lower transportation costs but help stabilize the domestic coal supply. He said that coal-fired power plants account for 40% of the power supply in Taiwan. Coal demand is expected to rise when the company remodels its Linkou and Dalin power plants.
Taipower is confident in this investment. Mr Hsu said the firm invested some NTD 2.8 billion in the first two ships in 2001 and the cost was recovered within five years.
He added that according to the figures from last year, Dian Chang No 1 and 2 saved the company NTD 5.5 billion compared with renting ships.
By 2018, Taipower expects domestic demand for coal to grow from 27 million tonnes this year to 30 million tonnes. The number will increase to 40 million tonnes by 2022.
(Sourced from CAN)
Monday, August 8, 2011
India: Gujarat Bans Ships Over 25 Years Old After MV RAK Carrier Sinks
Monday, August08, 2011
Ships over 25 years old will be banned from entering India’s key oil, container and dry cargo ports situated in the country’s west coast state of Gujarat in the wake of a coal carrier sinking near the port of Mumbai, according to a circular sent by a Mundra port official.
“In light of MV RAK Carrier sinking off the coast of Mumbai and the resulting pollution, which is now threatening the Mumbai Coastline, the state maritime regulator GMB has decided to ban entry of ships over 25 years of age,” an official from Mundra’s port operation center said in the circular.
“The formal notification to this effect will be issued shortly by GMB.” The Gujarat Maritime Board or GMB, which is the maritime authority of the state, oversees the safety and regulatory aspects at ports such Kandla, Mundra, Sikka, Dahej, Vadinar and Hazira.
According to a shipping agency source, the ban on vessels over the age of 25 years is also applicable to tankers.
“I hope they don’t relax the restrictions once the monsoon is over. They had made such moves earlier, too, but again the authorities became a little lenient in allowing older vessels into the Indian ports,” the source said about moves made earlier when accidents happened.
The MV Rak Carrier, a 27-year-old Panama-flagged dry bulk carrier sank off the Mumbai coast late last week while it was on its way from Indonesia’s Tutung port with 60,000 tonnes of coal to Dahej.
The vessel had about 290 mt of fuel oil and 50 mt of marine gasoil on board, local media reports said Monday.
“GMB has however advised MPSEZ those ships of 25 years of age which have already been chartered and are proceeding to GMB administered ports will be permitted to enter GMB owned port after they have taken clearance from GMB on case to case basis as an interim measure,” the Mundra’s port operation center official said.
“It is however to be noted that no new chartering of vessel over 25 years old is to be henceforth carried out if the vessels are planning to work cargo at any GMB owned port. Such vessels will be banned from entering GMB administered port.” Ports in Gujarat are key for crude discharge as well as for product loading since many refineries are located there while several in India’s hinterland receive their crude through pipelines from the area.
(sourced Platts)
Ships over 25 years old will be banned from entering India’s key oil, container and dry cargo ports situated in the country’s west coast state of Gujarat in the wake of a coal carrier sinking near the port of Mumbai, according to a circular sent by a Mundra port official.
“In light of MV RAK Carrier sinking off the coast of Mumbai and the resulting pollution, which is now threatening the Mumbai Coastline, the state maritime regulator GMB has decided to ban entry of ships over 25 years of age,” an official from Mundra’s port operation center said in the circular.
“The formal notification to this effect will be issued shortly by GMB.” The Gujarat Maritime Board or GMB, which is the maritime authority of the state, oversees the safety and regulatory aspects at ports such Kandla, Mundra, Sikka, Dahej, Vadinar and Hazira.
According to a shipping agency source, the ban on vessels over the age of 25 years is also applicable to tankers.
“I hope they don’t relax the restrictions once the monsoon is over. They had made such moves earlier, too, but again the authorities became a little lenient in allowing older vessels into the Indian ports,” the source said about moves made earlier when accidents happened.
The MV Rak Carrier, a 27-year-old Panama-flagged dry bulk carrier sank off the Mumbai coast late last week while it was on its way from Indonesia’s Tutung port with 60,000 tonnes of coal to Dahej.
The vessel had about 290 mt of fuel oil and 50 mt of marine gasoil on board, local media reports said Monday.
“GMB has however advised MPSEZ those ships of 25 years of age which have already been chartered and are proceeding to GMB administered ports will be permitted to enter GMB owned port after they have taken clearance from GMB on case to case basis as an interim measure,” the Mundra’s port operation center official said.
“It is however to be noted that no new chartering of vessel over 25 years old is to be henceforth carried out if the vessels are planning to work cargo at any GMB owned port. Such vessels will be banned from entering GMB administered port.” Ports in Gujarat are key for crude discharge as well as for product loading since many refineries are located there while several in India’s hinterland receive their crude through pipelines from the area.
(sourced Platts)
Friday, August 5, 2011
Ship carrying 60000 tons of coal sinks off Mumbai
August 5, 2011 |The Statesman/ANN
MUMBAI - A Gujarat-bound cargo ship, carrying 60,000 tons of coal, sank off Mumbai today. The vessel's 30 crew members were rescued before the ship went down, but the accident has sparked fears of environmental pollution.
"The Panama-registered MV Rak has sunk 20 nautical miles off the Mumbai coast due to water in the cargo hull. We suspect that there were holes in the ship which led to water seeping in," inspector general of the Coast Guard, Mr SPS Basra, said. The sinking of the 225-metre-long vessel, which in addition to coal was carrying around 290 tons of fuel oil and 50 tons of diesel, has raised fears of an oil spill.
The Directorate General of Shipping (DGS) said it received information from the Mumbai port authorities at 8:00 am, that the vessel had been "adrift" since the early hours of today at the entrance of the Mumbai harbour. The ship, which was on its way from Tutung in Indonesia to Dahej in Gujarat, was built in 1984 and had a crew on board of Indonesian, Jordanian and Romanian citizens, the DGS said in a statement.
All of the relevant agencies were pressed into service after the call was received, and private merchant ships also helped, the DGS said. Eighteen of the crew members were rescued by an Indian Navy helicopter, and the rest were evacuated onto a private merchant ship.
As the ship was located at the entrance of the Mumbai Harbour, one of the busiest in the country, the Mumbai Port and the National Hydrographic Office have been advised to issue a navigational warning so that the mariners are aware in advance of the danger, the DGS statement said.
An emergency towing vessel (ETV), hired by the Shipping Corporation of India for the monsoon season due to its ability to navigate rough seas, was also requistioned and efforts were made to salvage the sinking ship, the DGS said.
The sinking of the vessel comes within five days of the oil tanker M T Pavit drifting from West Asia and running aground near the Juhu Beach. The tanker went unnoticed by all three tiers of coastal security, the Navy, Coast Guard, and Mumbai Police. A much bigger cargo ship, MV Wisdom, beached near Juhu in June.
MV Rak is owned by M/s Delta Shipping Marine Services in Qatar and is classified with the Lloyd's Register of Shipping, the DGS statement said.
The statement, which was updated at 1.30 p.m. when three-quarters of the ship was already submerged, said no pollution has so far been reported from the site. The Coast Guard's oil pollution response vessel, Samudra Prahari, is located close to the ship keeping a tab on it and attempts are being made to mark the ship with a buoy.
MUMBAI - A Gujarat-bound cargo ship, carrying 60,000 tons of coal, sank off Mumbai today. The vessel's 30 crew members were rescued before the ship went down, but the accident has sparked fears of environmental pollution.
"The Panama-registered MV Rak has sunk 20 nautical miles off the Mumbai coast due to water in the cargo hull. We suspect that there were holes in the ship which led to water seeping in," inspector general of the Coast Guard, Mr SPS Basra, said. The sinking of the 225-metre-long vessel, which in addition to coal was carrying around 290 tons of fuel oil and 50 tons of diesel, has raised fears of an oil spill.
The Directorate General of Shipping (DGS) said it received information from the Mumbai port authorities at 8:00 am, that the vessel had been "adrift" since the early hours of today at the entrance of the Mumbai harbour. The ship, which was on its way from Tutung in Indonesia to Dahej in Gujarat, was built in 1984 and had a crew on board of Indonesian, Jordanian and Romanian citizens, the DGS said in a statement.
All of the relevant agencies were pressed into service after the call was received, and private merchant ships also helped, the DGS said. Eighteen of the crew members were rescued by an Indian Navy helicopter, and the rest were evacuated onto a private merchant ship.
As the ship was located at the entrance of the Mumbai Harbour, one of the busiest in the country, the Mumbai Port and the National Hydrographic Office have been advised to issue a navigational warning so that the mariners are aware in advance of the danger, the DGS statement said.
An emergency towing vessel (ETV), hired by the Shipping Corporation of India for the monsoon season due to its ability to navigate rough seas, was also requistioned and efforts were made to salvage the sinking ship, the DGS said.
The sinking of the vessel comes within five days of the oil tanker M T Pavit drifting from West Asia and running aground near the Juhu Beach. The tanker went unnoticed by all three tiers of coastal security, the Navy, Coast Guard, and Mumbai Police. A much bigger cargo ship, MV Wisdom, beached near Juhu in June.
MV Rak is owned by M/s Delta Shipping Marine Services in Qatar and is classified with the Lloyd's Register of Shipping, the DGS statement said.
The statement, which was updated at 1.30 p.m. when three-quarters of the ship was already submerged, said no pollution has so far been reported from the site. The Coast Guard's oil pollution response vessel, Samudra Prahari, is located close to the ship keeping a tab on it and attempts are being made to mark the ship with a buoy.
Wednesday, January 26, 2011
Taipower seeks coal in spot market after Queensland floods
Wednesday, 26 Jan 2011
Taiwan Power Co said that it is seeking coal cargoes in the spot market after floods in Australia’s Queensland state disrupted contracted supplies.
Ms Tu Yueh-yuan chief engineer of Taiwan Power in an interview in Taipei said that Taipower expects supplies from Queensland, which accounts for 15% of the company’s total coal needs, to return to normal in March.
She said that Taipower expects to buy 27 million tonnes of the fuel this year.
(Sourced from Bloomberg)
Taiwan Power Co said that it is seeking coal cargoes in the spot market after floods in Australia’s Queensland state disrupted contracted supplies.
Ms Tu Yueh-yuan chief engineer of Taiwan Power in an interview in Taipei said that Taipower expects supplies from Queensland, which accounts for 15% of the company’s total coal needs, to return to normal in March.
She said that Taipower expects to buy 27 million tonnes of the fuel this year.
(Sourced from Bloomberg)
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