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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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Thursday, 20 February 14
LENGTHY DELAYS TO PANAMA CANAL EXPANSION POSE GLOBAL TRADE RISKS; US COAL PRODUCERS TO GREATLY BENEFIT ONCE COMPLETE, SAYS WOOD MACKENZIE
Wood Mackenzie expects the recent cost overrun disputes around the Panama Canal expansion to be resolved with limited disruption due to the signific ...
Thursday, 20 February 14
SUPRAMAX: IN ASIA IS IMPROVING SIGNIFICANTLY AND TURNED FROM APS TO DOP MARKET
Handy
The activity is back in the market after Chinese holidays. Supramax in Asia is improving significantly and turned from APS to DOP market. We ...
Tuesday, 18 February 14
PERUVIAN HIGH COMMISSIONER FOR MINING AFFAIRS WILL BE KEY NOTE SPEAKER AT THE COLOMBIAN COAL CONFERENCE 2014
Press Release: The High Commissioner for Mining Affairs in the Presidency of the Peruvian Council of Ministers, General (R) Daniel Urresti Elera, ha ...
Monday, 17 February 14
US COAL PRODUCTION IN 2013 FELL TO ITS LOWEST LEVEL IN 20 YEARS
COALspot.com: U.S coal production for 2013 totaled an estimated 996 million short tons (MMst), 21 MMst (2%) lower than in 2012. It is the first time ...
Monday, 17 February 14
Q1 2015 COAL SWAPS CLOSED $ 2.21 HIGHER THAN Q2 2014 SWAPS
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 delivery lost 3.16 percent month on month and closed at US$ 76.12 per mt as o ...
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