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Tuesday, 15 April 14
NEWCASTLE SHIPPED MORE COAL WEEK ON WEEK


COALspot.com: In the week ended 07:00 hours 14 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 3 million tons.

The Port of Newcastle is the economic and trade centre for the resource rich Hunter Valley and for much of the north and northwest of NSW. It is Australia's oldest and one of the largest tonnage throughput ports, with coal exports representing more than 90% of total throughput tonnage.

The figure constitutes a 3.44 percent higher compared to the previous week, following a week on week increased of 2.11 percent recorded in the week ended 7 April 2014. Around 3 million mt for the week ended 14 April 2014 were loaded on to 28 ocean-going ships (the previous week 31 vessels served), said Newcastle Port Corp in its latest weekly update.

According to port's weekly report, the port has shipped 3,017,483 tons of coal for the week ended 0700 hours 14 April 2014, which is 3.44 percent higher compared to a week ago loaded quantity. The port’s report indicates that, the port has loaded totalled 5,461,651MT of coal as of 14 April for this month.

According to operation report posted on port’s website, as of 0700 hours 15 April 2014, there were no vessels off the port waiting to load, and 37 vessels with Notified Arrival Time (NAT) allocated and in transit and 3 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
28 coal vessels entered port to load coal during the week, and average waiting time was around 3.34 days (waiting time for loading down 17.73% week on week), said NPC in its latest coal shipments report.

NPC has forecasted to load around 12.49 million mt of coal in April 2014 and 5.46 mt or 43.71% coal already shipped until 14 April 2014.
Source: Weekly Operations Report, Newcastle Port



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