Saturday, 10 Dec 2011
Public Enterprises Minister Malusi Gigaba said that the government would invest R3 billion in the Richards Bay Terminal in the next five years.
The money would be invested in loading equipment, off-loading equipment, conveyor belts and other handling equipment. Mr Gigaba said that “An efficient port system enhances our national reputation… creating competition and choice for shippers.”
The terminal contains 21 berths for loading and off-loading ships.
Mr Gigaba said infrastructure roll-out was pivotal to stimulating the economy and creating employment. He added that “Infrastructure development is vital for industrialization… and it is vital for the establishment of social cohesion through facilitating shared growth and the sharing of wealth.”
The coal terminal section would also be expanded.
He added that “We intend expanding the coal export line to over 81 million tons per annum by 2016. This expansion will involve the migration of Eskom’s domestic coal from road to rail, the establishment of the Waterberg rail, port expansion and capacity allocation to junior miners.”
(sourced from www.iol.co.za)
Showing posts with label coal ships. Show all posts
Showing posts with label coal ships. Show all posts
Saturday, December 10, 2011
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)
Sunday, February 13, 2011
US port sees increasing coal traffic as seaborne market booms
Feb10,2011
The heavy traffic may be the new normal, industry officials said.Just weeks after fourth quarter conference calls during which Appalachian coal producers talked about the pull of Asian markets on US coal supplies, Adam Anderson, executive vice president for booking agent T. Parker Host, expects ship traffic to remain heavier for at least the next six months.After shipping 1.54 million st of export-bound coal in January, Norfolk Southern's Lambert Point pier is expected to alone load 1.95 million st of coal onto 32 ships between now and March 5, according to T. Parker Host.
Neighboring Dominion Terminal Associates and Pier XI are slated to receive a combined 37 ships with capacity for 2.2 million st during the same period, the company said.The US export market has experienced building pressure from the market gap left by Australian suppliers crippled by flooding and a recent typhoon, but the larger factor driving traffic in Norfolk is the pull from Asian steelmakers seeking coal for their furnaces, Anderson said."Even without Australia, we'd still be pretty busy. I think the big change now [is before] you had the domestic market and Europe or Brazil -- you sold it to one of those markets or it stayed in the ground," Anderson said."[Now], we sell it to our natural market or sell it to Asia. I think that's a big change."CSX told investors in January that it could haul between 35 million and 40 million st for export shipments during 2011, nearly double what it did in 2009; Norfolk Southern executives said the Lambert's Point docks could handle 30 million st compared with 16.7 million mt. But a major concern for the coal suppliers, customers and terminal operators has been transporting coal from mines to the coast.Transportation capacity on the two railroads, particularly on Norfolk
Southern, has remained a concern for coal companies, their customers and the docks themselves. Norfolk Southern executives acknowledging poor service dogged its fourth quarter performance and results, but pledged that additional cars and employees were being added to address the issue.At this point, though, trains keep coming and Anderson sees no let up in traffic anytime soon."There's so much business and both the railroads are adding people and cars to keep up with demand," he said. "We don't see any decrease." (Source: Platts)
The heavy traffic may be the new normal, industry officials said.Just weeks after fourth quarter conference calls during which Appalachian coal producers talked about the pull of Asian markets on US coal supplies, Adam Anderson, executive vice president for booking agent T. Parker Host, expects ship traffic to remain heavier for at least the next six months.After shipping 1.54 million st of export-bound coal in January, Norfolk Southern's Lambert Point pier is expected to alone load 1.95 million st of coal onto 32 ships between now and March 5, according to T. Parker Host.
Neighboring Dominion Terminal Associates and Pier XI are slated to receive a combined 37 ships with capacity for 2.2 million st during the same period, the company said.The US export market has experienced building pressure from the market gap left by Australian suppliers crippled by flooding and a recent typhoon, but the larger factor driving traffic in Norfolk is the pull from Asian steelmakers seeking coal for their furnaces, Anderson said."Even without Australia, we'd still be pretty busy. I think the big change now [is before] you had the domestic market and Europe or Brazil -- you sold it to one of those markets or it stayed in the ground," Anderson said."[Now], we sell it to our natural market or sell it to Asia. I think that's a big change."CSX told investors in January that it could haul between 35 million and 40 million st for export shipments during 2011, nearly double what it did in 2009; Norfolk Southern executives said the Lambert's Point docks could handle 30 million st compared with 16.7 million mt. But a major concern for the coal suppliers, customers and terminal operators has been transporting coal from mines to the coast.Transportation capacity on the two railroads, particularly on Norfolk
Southern, has remained a concern for coal companies, their customers and the docks themselves. Norfolk Southern executives acknowledging poor service dogged its fourth quarter performance and results, but pledged that additional cars and employees were being added to address the issue.At this point, though, trains keep coming and Anderson sees no let up in traffic anytime soon."There's so much business and both the railroads are adding people and cars to keep up with demand," he said. "We don't see any decrease." (Source: Platts)
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