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Wednesday, 19 February 14
NEWCASTLE PORT SHIPPED 30% MORE COAL WEEK ON WEEK


COALspot.com: In the week ended 17 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 4.01million tons. The figure constitutes a 30.52 percent higher compared to the previous week, following a week on week decreased of 12.99 percent recorded in the week ended 10 February 2014.

Around 4 million mt for the week ended 17 February 2014 were loaded on to 38 ocean going ships (the previous week 36 vessels served), said Newcastle Port Corp in its latest weekly update.

According to port's weekly report, the port has shipped 4,017,135 tons of coal for the week ended 0700 hours 17 February 2014, which was 30.52 per cent higher compared to a week ago loaded quantity. The port’s report indicates that, the port has loaded totalled 8,275,586 MT of coal as of 17 February for this month.

According to operation report posted on port’s website, as of 0700 hours 17 February 2014, there were 9 vessels off the port waiting to load, and 34 vessels with Notified Arrival Time (NAT) allocated and in transit and 7 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
38 coal vessels entered port to load coal during the week, and average waiting time was around 3.12 days (waiting time for loading decreased 29.09% 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 8,275,586 mt or 72.59% of total forecasted coal already shipped as of 17 February 2014.
Source: Weekly Operations Report, Newcastle Port



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