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Tuesday, 28 February 17
PORT OF NEWCASTLE SHIPPED 17.39% LESS COAL IN JANUARY; TRADE VALUE UP 11.87% M/M
 COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,625.6 Million worth of 13.169 million tons of Power plant coal and coking coal for the month ended January 2017. The average selling price for month January 2017 was around $AU 123.43 (approximately US$ 94.74*) per ton, rose approximately 35.42 percent from December 2016 average selling price of $AU 91.14 per ton.
Port has shipped 17.39 percent less coal in January 2017 compared to its December 2016 loading of 15.943 million tons.
$AU 1,625.6 million trade value of coal shipped in January 2017 compared to $AU 1,453.1 million in December 2016.
According to operation report posted on port’s website, as of 31 January 2017, the port has served 148 (down 19.12% month on month) ocean-going vessels in January 2017.
The port’s report further noted that the Port of Newcastle has shipped coal to Australia, China, India, Japan, Korea, Malaysia, Mexico, New Caledonia & Taiwan in the month of January 2017.
Anglo, Peabody, Rio Tinto and Xstrata are some of the larger coal exporters to ship coal from Newcastle port.
About Port of Newcastle
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, the principal trade at the Port of Newcastle is coal. Non-coal commodities traded through the port include grain, steel, project cargo, vegetable oils, fuels, orange juice concentrate and containers destined for local business.
The principal trade at the Port of Newcastle is coal. Utilizing its expertise in coal supply chain logistics, the Port of Newcastle is also one of the most diverse ports in Australia. Source: Port of Newcastle Monthly Trade Report – December 2016 (According to report, the trade values were based on commodity values and prices obtained from sources such as Australian Bureau of Agricultural and Resource)
Source: Port of Newcastle Monthly Trade Report – January 2017 (According to report, the trade values were based on commodity values and prices obtained from sources such as Australian Bureau of Agricultural and Resource)
* as per Australian Dollar to US Dollar exchange rate as on 28 February 2017. Source: http://www.xe.com
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Tuesday, 21 February 17
CHINA SUSPENDS COAL IMPORTS FROM NORTH KOREA FROM 19 FEB
COALspot.com: China is suspended coal imports from North Korea until December 2017. China says it will suspend all imports of coal from North Korea ...
Monday, 20 February 17
OCEAN FREIGHT RATES SLIGHTLY UP WEEK OVER WEEK
COALspot.com: The Freight market was firmed up this past week. The Panamax segment was declined for the week ending 17 February 2017.
The Balt ...
Friday, 17 February 17
U.S. COAL PRODUCTION SLIPS SLIGHTLY WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million sh ...
Thursday, 16 February 17
CAPE MARKET HAVE EXPERIENCED A STRONG DOWNTURN - FEARNLEYS
Supramax
Market has shifted sides from Atlantic to Pacific, where Atlantic is now lagging behind with little action and sliding indices, notably ...
Thursday, 16 February 17
IF I PLAN TO UNDERTAKE A CHARTERPARTY WITH AN UNFAMILIAR ENTITY, WHAT STEPS CAN I TAKE TO ENSURE THE CHARTERER WILL PAY THEIR HIRE? - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Due to the difficult conditions currently existing in the shipping market, particularly in the offshore sector, Members a ...
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- McConnell Dowell - Australia
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- Energy Link Ltd, New Zealand
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