Chubu Electric Moving Coal Trade to Singapore

Mining Weekly reported that Chubu Electric (TSE:9502) is shifting its coal trading unit from Japan to Singapore.

As quoted in the market news:

Chubu Energy Trading Inc. is currently based in Nagoya, Japan, but Takahiro Otsuki, general manager of planning at the fuel department, told reporters a move to Singapore would boost its business as four of five major shippers of Australian coal, including Xstrata, have offices there.

Click here to read the full Mining Weekly report.