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Tuesday, 09 September 14
PORT OF NEWCASTLE SHIPPED 13.207 MTN OF COAL IN AUGUST; TRADE VALUE AROUND $1.17 BILLION

COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.17 billion worth of 13,207,668 tons of coal for the month ended 31 August 2014. The based on available information, the average selling price was around US$ 89.11 per mt in August 2014.

According to Port’s monthly report, YTD (2014 calendar year to date), the port has shipped $9.13 billion worth of 102,481,051 tons of coal. The average selling price YTD is around US$ 89.14 per MT. Port has shipped 5.90% less coal compared to July exports.

$1.17 billion trade value of coal shipped in August.

According to operation report posted on port’s website, as of 31 August 2014, the port has served 143 (down 7.74%) ocean going vessels in August and 1095 vessels January – August this year.

The port’s report further said, Port of Newcastle shipped coal to Australia, China, India, Japan, Korea, Malaysia, Mexico, New Caledonia, and Taiwan during August 2014.

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

The Port of Newcastle is the largest bulk shipping port on the east coast of Australia and the world’s leading coal export port. On 30 May 2014, Port of Newcastle Investments (trading as Port of Newcastle) commenced a 98-year lease of the Port of Newcastle with the New South Wales Government.

According to company’s website, port’s world-class infrastructure supports the import and export of more than 40 commodities through the port. In 2012-13, the port handled 148.8 million tonnes in trade throughput, with a value of approximately $19 billion.

The principal trade at the Port of Newcastle is coal.
Source: Port of Newcastle Monthly Trade Report – August 2014



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