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Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ships waiting outside the port increased.
The volume shipped in the week ended 7 a.m. local time June 1 rose to 1.9 million metric tons from 1.59 million tons a week earlier, Newcastle Port Corp. said today on its Web site. A total of 40 ships, waiting to load 3 million tons of coal, were lined up outside the port, up from 35 ships last week.
Coal ships waited 9.7 days to load coal, down from 9.8 days a week earlier, Newcastle Port said. The waiting time compared with 1.1 days for general cargo vessels last week, it said.
Twenty-two vessels carrying coal left Newcastle in the week ended May 30, Newcastle Port said yesterday in an e-mailed report. Twelve ships were bound for Japan, six were bound for China, and one each for the Netherlands, Korea, Mexico and Taiwan.
The weekly price index for power-station coal shipped from Newcastle last week rose 3.5 percent to $67.09 a ton, the highest since the week ended Feb. 20, according to the globalCOAL NEWC index.
Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through Newcastle.
Source: http://www.bloomberg.com/apps/news?pid=20601081&sid=aIILp0uj49Z8&refer=australia
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Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
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