Asia Tops Europe in South African Coal Imports: Energy Markets

South Africa’s Richards Bay Coal Terminal, the continent’s biggest export harbor for the fuel, is selling more to Asia than to Europe for the first time as economic growth in China stokes demand.

Producers increased shipments to Asia by 45 percent in the first seven months of the year and cut those to Europe by 41 percent, according to mjunction Services Ltd., a Kolkata-based trader backed by Tata Steel Ltd. and Steel Authority of India Ltd., two of the country’s three biggest coking-coal consumers.