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Coal Trade

Great Lakes Limestone & Coal Trade Up

Lakes Limestone Trade up 16% in September Shipments of limestone on the Great Lakes totaled 3,461,606 net tons in September, an increase of 3.6 percent compared to August, and 16 percent better than a year ago.  However, the trade was down 10.7% compared to the month’s 5-year average. Loadings at U.S. ports were up 342,000 tons compared to a year ago.  Shipments from Canadian docks increase by 135,000 tons. Year-to-date the Lakes limestone trade stands at 20.5 million net tons, an increase of 25.2% compared to a year ago, but a decrease of 15% compared to the five-year average for the first three quarters.  Loadings at U.S. ports are up 28 percent compared to a year ago.  Shipments from Canadian docks are 15.4% ahead of last year’s pace. Great Lakes Coal Trade Up 32.5 Percent in September Coal shipments on the Great Lakes totaled 3,648,453 net tons in September, a decrease of 6.8% compared to August, but an increase of 32.5% compared to a year ago.  Compared to the month’s five-year average, loadings were down 7.4%. Shipments from Lake Superior rose noticeably from a year ago – 35% – and were on par with the month’s five-year average.  Loadings in Chicago increased by 145% compared to a year ago and all but equaled the month’s five-year average.  The coal trade out of Lake Erie increased 13.6% compared to a year ago, but was nearly 20% off September’s five-year average.


Great Lakes April Coal Shipments Unchanged from a Year Ago

Photo: LCA

Shipments of coal on the Great Lakes totaled 2.2 million tons in April, a virtual tie with a year ago.  The trade was 19 percent below the month’s five-year average, however. Shipments from Lake Superior ports totaled 1.4 million tons, a slight increase from a year ago. Included in that total were 168,000 tons loaded in Superior, Wisconsin and transshipped to Québec City for loading into oceangoing colliers.


Great Lakes Coal Trade Down 7.3% in November

Shipments of coal on the Great Lakes totaled 2.7 million tons in November, a decrease of 7.3 percent compared to a year ago, and well below – 35.2 percent – the month’s long-term average.  Shipments were also 4.1 percent less than October’s tally of 2.8 million tons. Shipments from Lake Superior ports totaled 1.6 million tons, a decrease of 9.2 percent compared to a year ago.  Coal transshipped from Superior, Wisconsin, to Québec City, Québec


Great Lakes Coal Trade Falls 13% in September

Shipments of coal on the Great Lakes totaled 2.7 million tons in September, a decrease of 13% from a year ago and the preceding month. Shipments from Lake Superior ports totaled 1.6 million tons, a decrease of 13.5% compared to a year ago.  Coal transshipped from Superior, Wisconsin, to Québec City, Québec, for loading into oceangoing colliers totaled 96,000 tons.  Exports to Europe from Superior total 1,253,000 tons through September.


Adani EBIDTA Up 62% for Q1FY15

Adani Group

  Adani Enterprises Ltd, the flagship company of the Adani Group, today announced its results for the first quarter ended June 30, 2014.   Financial Highlights: The consolidated Total Income for quarter increased by 43% to Rs 16,524 crore against Rs 11,547 crore in the same period last year. The consolidated EBIDTA increased by 62% to Rs 3,275 crore against Rs 2,017 crore in the same period last year. The consolidated PAT is Rs 557 crore.


Stiff Rate Increases Seen For Atlantic Capers

Some stiff rate increases for Atlantic capers were seen for business to China and for trans-Atlantic coal, brokers said last Wednesday. Panamax rates were still drifting from the U.S. Gulf due to lack of orders, but levels in the Far East for these vessels remained firmer, they added. Conditions for handy size vessels and to a lesser extent smaller geared tonnage, were generally better in the Atlantic. The Baltic Freight Index (BFI) rose six points to 1,223


Lakes Coal Surges in November

Coal shipments on the Great Lakes totaled 4.1 million net tons in November, an increase of 21 percent compared to a year ago. Shipments were also up nearly 7 compared to the month’s 5-year average. Shipments of low-sulfur coal from Superior Midwest Energy Terminal in Superior, Wisconsin, accounted for most of the increase. Nonetheless, the dredging crisis continued to hamper shipments. Not one coal cargo topped65,000 tons in November, and many were in the 63,000-ton range


Ice Took Heavy Toll on Lakes Coal in April

Ice formation, the likes of which have not been seen since 1994, dramatically slowed coal shipments on the Great Lakes in April. Loadings totaled only 995,000 tons, a decrease of nearly 55 percent compared to a year ago. Compared to the month’s five-year average, April shipments were down nearly 57 percent. The biggest drop came from Lake Superior ports. The only way vessels could safely cross Lake Superior in April was to be convoyed by U.S


Freight Rate Peak Forecasted for 2016

Newport Shipping Group Chairman Harald Lone said, “Synchronized world economic growth is going to initiate higher demand for dry bulk carriers.”

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period. “The dry bulk markets during the first half of 2014, especially Panamax, Supramax and Handysize, have not been at these low levels since the financial crisis in early 2009,” said Harald Lone


News: Lakes Shipping Down 1.4 Percent in 2002

Dry-bulk cargo movement on the Great Lakes totaled 162.3 million net tons in 2002, a decrease of 1.4 percent compared to 2001 and a drop of 6 percent compared to the 5-year average. Iron ore shipments totaled 58.9 million net tons in 2002, an increase of 5.8 percent compared to 2001, but a decrease of 9.2 percent compared to the 5-year average. North American raw steel production totaled an estimated 101.7 million tons in 2002, an increase of 2


India Seeks Private Cash for Intermodal Bridge

Rail system needs more tracks and wagons; Not enough coal gets from port to power stations. India is targeting up to $1 billion of private investment by 2017 to build rail lines linking ports and national networks to ease growing congestion


BHP Billiton Focus on Operation & Productivity

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 * BHP Billiton is now targeting US$4 billion of annualised productivity gains in its core portfolio by the end of the 2017 financial year, a US$500 million increase on previous guidance.  * Improved capital productivity will allow planned investment to be reduced from US$14


Great Lakes Coal Up 9% in October

photo courtesy Midwest Energy Resources Company

Shipments from Lake Erie nearly double that of a year ago Coal shipments on the Great Lakes topped 3 million tons in October, an increase of 9 percent compared to a year ago, while shipments also outpaced the month’s long-term average by 75,000 tons


Port Congestion Impacts Indian Coal Imports

India's coal imports fell 9 percent to 15.33 million tonnes in October from a month ago as cyclone Hudhud exacerbated congestion at some ports, according to provisional data from online trader mjunction. Shipments into the world's third largest coal importer are, however


Denmark Plans to Phase Out Coal by 2025

Denmark emissions fell 25 per cent from 1990 to 2012,

  Denmark should ban coal use by 2025 to make the Nordic nation a leader in fighting global warming, adding to green measures ranging from wind energy to bicycle power, Denmark's climate minister said on Saturday. Denmark has already taken big steps to break reliance on high-polluting


Vale CEO: Coal Deal Soon

Brazilian mining company Vale SA is close to making a "strategic" announcement concerning its coal unit, the company's chief executive Murilio Ferreira said on Thursday during a conference call with investors without providing details.


16 Die in Coal Mine Accident in China

Rescuers work at the accident site after a coal mine collapsed in Tiechanggou township, Chinas Xinjiang regional capital of Urumqi

  Sixteen workers were killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported on Saturday, highlighting the poor safety standards in the world's biggest coal producing country.


Great Lakes Coal up More Than 12% in September

Lake Carriers’ Association reported that coal shipments on the Great Lakes totaled 3 million tons in September, an increase of more than 12 percent compared to a year ago. Loadings were, however, 6.5 percent below the month’s long-term average.


Containers, Cruises Help Boost Marseilles Fos

Photo: Marseilles Fos

Container throughput at French port Marseilles Fos reached 876,711 teu for the period January to September, an increase of 6% on the first nine months last year. The performance - driven by a 9% rise at the Fos 2XL deep sea terminals - was two points better than the trend at other French ports


BHP Bullish on Caval Ridge's Prospects

BHP Billiton Opens Caval Ridge Metallurgical Coal Mine in Central Queensland

  Yesterday BHP Billiton Coal President, Dean Dalla Valle, was joined by the Hon. Tony Abbott MP, Prime Minister of Australia, and joint venture partner Mitsubishi in a ceremony to open the US$3.4 billion Caval Ridge Mine, which has created around 500 jobs in Queensland.


Asia Dry Bulk-Capesize Fall on Cargo Woes

Rates for capesize bulk carriers on key Asian routes are again likely to fall as the volume of tonnage limits any price gains from an increase in chartering activity, brokers said. Freight rates for a voyage from Australia to China have steadily fallen since Sept


Sen. McConnell Named Champion of Maritime

Stephen Little, President and CEO of Paducah, KY based Crounse Corporation presents the Champion of Maritime award to Senator Mitch McConnell, who noted the huge impact America’s domestic maritime industry has in his home state of Kentucky.

Kentucky ranks top five in nation for U.S. maritime jobs Today, Sen. Mitch McConnell (R-KY) was named a Champion of Maritime by the American Maritime Partnership (AMP), the voice of the domestic maritime industry. As U.S. Senate Minority Leader


Rio Tinto rejects Glencore Merger

Glencore approached Rio Tinto about a merger in July. A tie-up would have created the world's biggest miner. No further talks with Glencore after rejecting bid-Rio. Rio Tinto rejected a merger approach from smaller rival Glencore Plc to create a $160 billion mining and trading giant in August


Vancouver Commends Canada-S. Korea Trade Agreement

Port Metro Vancouver issued an announcement welcoming news of the signing of the Canada-Korea Free Trade Agreement yesterday in Ottawa. The agreement will significantly boost Canada’s trade with South Korea, as well as provide strategic access for the Canadian import and export market to a


BHP Considers London Listing for Demerged Company

Global miner BHP Billiton is considering listing a planned spin-off company in London as well as in Sidney and Johannesburg, the company said in a letter to shareholders. BHP announced in August it would spin off some base metals and coal assets worth an estimated $16 billion and said at the






 
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