Annual Exports Fall Short at Richards Bay

South Africa’s Richards Bay Coal Terminal (RBCT), the world’s largest coal-export facility, said shipments fell for a fourth straight year in 2008 because of lower demand and erratic rail service, according to Bloomberg. RBCT shipped 61.79 million mt of coal last year, 6.6% less than the 66.16 million mt exported in 2007. The pace of exports improved in the last quarter of the year. Derailments, a shortage of capacity on the rail lines and lower orders confined deliveries to 62.66 million mt. The terminal, which currently has the capacity to ship 76 million mt of coal annually, will expand to 91 million mt in 2009.
As featured in Womp 09 Vol 01 -