RBCT March 2012 shipments up 12.2% on 2011 rate
The March 2012 annualised shipping rate of coal from Richards Bay Coal Terminal (RBCT), the world's largest coal terminal, rose to 73.47 million tons (Mt) from the 65.51 Mt shipped in 2011. The actual amount shipped in March was 6.24 Mt.
Coal received from coal mines rose by 13.7% in March to an annualised 74.28 Mt from the 65.35 Mt received in 2011.
RBCT is building up coal stockpiles ahead of the 10-day maintenance period of the Mpumalanga-Richards Bay coal line in May. Coal stockpiles rose to 3.03 Mt at the end of March from 2.82 Mt at the end of February and are likely to grow to the 4 Mt level ahead of the maintenance period.
The coal line was closed for 20 days in May and June 2011 to do necessary maintenance and in October 2011 RBCT exports were 7.38 Mt.
As nuclear power stations in Japan have reduced their output after the March 2011 earthquake, Japan requires more coal to burn in their thermal power stations.
Source: I-Net Bridge
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