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Wednesday, 13 November 13
NEWCASTLE COAL EXPORTS PLUNGE 12.40% IN W/E 10 NOVEMBER FROM THE PRIOR WEEK


COALspot.com: In the week ended November 11, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.42 million tons. The figure constitutes an 12.40 percent decrease compared to the previous week, following a week on week decreased of 23.22 percent recorded in the week ended 4 November.

2.42 million mt for the week ended 11 November were loaded on to 32 ocean going ships (last week 32 vessels served), said Newcastle Port Corp in its latest weekly update.

According to port's weekly report, the port has shipped 2,427,745 tons of coal for the week ended 0700 hours 11 November 2013, which was 12.40 per cent lesser or 343,744 MT lower compared to a week ago loaded quantity. The port has loaded 3897861 MT of coal w/e 11 November 2013.

According to operation report posted on port’s website, as of 0700 hours 11 November 2013, there is no vessel off the port waiting to load, and 6 vessels with Notified Arrival Time (NAT) allocated and in transit and 5 vessels are in the port of loading.

Anglo, Peabody, Rio Tinto and Xstrata are some of the larger coal exporters to ship coal from Newcastle port.

Average Waiting Time for Vessels
32 coal vessels entered port to load coal during the week, and average waiting time was around 1.77 days (waiting time for loading fell by 34.68% week on week), said NPC in its latest coal shipments report.

According to NPC forecasting around 11.118 million mt of coal will be shipped in November and 3,897,861 mt of coal already shipped as of 11 November 2013.
Source: Weekly Operations Report, Newcastle Port



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