Richards Bay Coal Terminal (RBCT) one of the leading coal handling terminal, has exported around 33 Million Tonnes of coal till June 2013, which is 21.9% more in comparison to May’s total shipment quantity. Whereas, when compared to last year’s same period, the port’s shipment quantity has dropped by 2.75%.
Richards Bay Coal Terminal (RBCT) is the single largest export coal terminal in the world. Opened in 1976 with an original capacity of 12 million tons per annum, it has grown into an advanced 24-hour operation with a design capacity of 91 million tons per annum.
Positioned at one of the world’s deep sea ports, RBCT is able to handle large ships and subsequent large volumes. As such, it has gained a reputation for operating efficiently and reliably. It majorly exports to China and India.
In 2012-2013 port had shipped a total of 68.3 Million Tonnes of coal, which was 4.3% more than its preceding year 2011-2012 and by keeping the pace like earlier, the port may touch 71 Million Tonnes of coal’s shipment figures. However, as per the port’s report for the month of June, the port will receive around 67.30 Million Tonnes of coal by this year and will ship around 66.64 Million Tonnes of coal in year 2013-14.
After resuming of Transnet Freight Rail (TFR) from its closure due to annual maintenance, in June, 717 rakes was accounted and improved by 77% from May 2013. Also port’s stock has improved by 15% and stood at 2.8Million Tonnes. Port has loaded 50 vessels in June 2013.
South African coal market has weakened and RB 1 is being offered at USD 73-74/MT on FOB basis.