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Tuesday, 11 February 14
AUSTRALIA'S NEWCASTLE COAL EXPORTS SLIDE AROUND 15% WEEK ON WEEK
COALspot.com: In the week ended 10 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3 million tons. The figure constitutes a 12.99 percent lower compared to the previous week, following a week on week increased of 15.35 percent recorded in the week ended 3 February 2014.
3 million mt for the week ended 10 February 2014 were loaded on to 36 ocean going ships (the previous week 34 vessels served), said Newcastle Port Corp in its latest weekly update.
According to port's weekly report, the port has shipped 3,077,574 tons of coal for the week ended 0700 hours 10 February 2014, which was 12.99 per cent lower compared to a week ago loaded quantity. The port’s report indicates that, the port has loaded totalled 4,239,535 MT of coal as of 10 February for this month.
According to operation report posted on port’s website, as of 0700 hours 10 February 2014, there were 7 vessels off the port waiting to load, and 44 vessels with Notified Arrival Time (NAT) allocated and in transit and 8 vessels were 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 Vessel
36 coal vessels entered port to load coal during the week, and average waiting time was around 4.40 days (waiting time for loading increased 189.47% week on week), said NPC in its latest coal shipments report.
According to NPC forecasting, around 11.399 million mt of coal will be shipped in February 2014 and 4,239,535 mt or 37.19% of total forecasted coal already shipped as of 10 February 2014.
Source: Weekly Operations Report, Newcastle Port
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Monday, 14 April 14
CHINA'S MEASURES TO STIMULATE ECONOMY'S GROWTH COULD OFFER ROOM FOR STABILITY IN SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Since the outbreak of the 2008-crisis, the shipping industry, in most of its aspects, i.e. dry bulk and tanker markets alike, has been dealing w ...
Sunday, 13 April 14
INDONESIA TO INDIA FREIGHT MARKET DECLINE CONTINUES
COALspot.com: The freight market continued to drop this week and BDI almost touched 1000 points. BDI closed at 1002 points fell 16.85 pct week o ...
Saturday, 12 April 14
HOW DO YOU CALCULATE LOSS OF EARNINGS FOLLOWING A COLLISION? - INCE & CO
KNOWLEDGE TO ELEVATE
The recent case of Astipalaia vs Hanjin Shenzhen [2014] EWHC 120 (Admlty) has revisited the existing case law on asses ...
Friday, 11 April 14
US COAL PRODUCTION IN MARCH INCREASED 9.69% TO 82.6 MMST MONTH ON MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.10 million short tons (mmst) of coal ...
Thursday, 10 April 14
DRY BULK MARKET IS RISING CLAIMS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it i ...
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