{"id":12865,"date":"2012-07-28T01:40:01","date_gmt":"2012-07-27T23:40:01","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/update-1-drummond-coal-cannot-load-all-ships-berthing-sources\/"},"modified":"2012-07-28T01:40:01","modified_gmt":"2012-07-27T23:40:01","slug":"update-1-drummond-coal-cannot-load-all-ships-berthing-sources","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-drummond-coal-cannot-load-all-ships-berthing-sources\/","title":{"rendered":"UPDATE 1-Drummond Coal cannot load all ships berthing -sources"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>By Jack Kimball and Jacqueline Cowhig<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">BOGOTA\/LONDON, July 27<\/span> (Reuters) &#8211; Colombia&#8217;s Drummond Coal,<br \/>\none of the country&#8217;s two biggest exporters of thermal coal, will<br \/>\nbe able to load only three out of five ships berthing in the<br \/>\nnext few days because the Fenoco rail strike has shrunk port<br \/>\nstockpiles, Colombian logistics sources said.<\/p>\n<p><span><\/span><\/p>\n<p>Drummond may have to declare force majeure within a week<br \/>\nunless customers agree to defer shipments, they said.<\/p>\n<p><span><\/span><\/p>\n<p>Most of Drummond&#8217;s customers are utilities and traders in<br \/>\nEurope.<\/p>\n<p><span><\/span><\/p>\n<p>Colombia is the world&#8217;s fourth-largest coal exporter and<br \/>\nFenoco transports coal to ports for its shareholders Glencore<br \/>\nInternational Plc&#8217;s Prodeco unit, Drummond<br \/>\nInternational and Goldman Sachs Group Inc&#8217;s Colombian<br \/>\nunit.<\/p>\n<p><span><\/span><\/p>\n<p>Drummond was unavailable for comment.<\/p>\n<p><span><\/span><\/p>\n<p>Drummond as of Friday had about 100,000 tonnes of coal in<br \/>\nstockpiles at the ports and five ships due to arrive to start<br \/>\nloading before the end of July, they said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Drummond has been loading at a slower rate than usual but<br \/>\nthere was not enough coal at the port on Thursday to load all<br \/>\nthe vessels there,&#8221; one source said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jack Kimball and Jacqueline Cowhig BOGOTA\/LONDON, July 27 (Reuters) &#8211; Colombia&#8217;s Drummond Coal, one of the country&#8217;s two biggest exporters of thermal coal, will be able to load only three out of five ships berthing in the next few days because the Fenoco rail strike has shrunk port stockpiles, Colombian logistics sources said. Drummond [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12865","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12865"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12865\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}