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Thursday, 27 February 14
NEWCASTLE COAL EXPORTS SLIP 26.68 PERCENT WEEK ON WEEK


COALspot.com: In the week ended 24 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2.94 million tons.

The figure constitutes a 26.68 percent lower compared to the previous week, following a week on week increased of 30.52 percent recorded in the week ended 17 February 2014. Around 2.94 million mt for the week ended 24 February 2014 were loaded on to 32 ocean-going ships (the previous week 38 vessels served), said Newcastle Port Corp in its latest weekly update.

According to port's weekly report, the port has shipped 2,947,359 tons of coal for the week ended 0700 hours 24 February 2014, which is 26.68 per cent higher compared to a week ago loaded quantity. The port’s report indicates that, the port has loaded totalled 11,222,945 MT of coal as of 24 February for this month.

According to operation report posted on port’s website, as of 0700 hours 24 February 2014, there were 7 vessels off the port waiting to load, and 38 vessels with Notified Arrival Time (NAT) allocated and in transit and 6 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
32 coal vessels entered port to load coal during the week, and average waiting time was around 4.25 days (waiting time for loading increased 36.21% 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 11.222 mt or 98.44% of total forecasted coal already shipped as of 24 February 2014. It is seemed that, the port will exceed its own forecasts of coal export this month.
Source: Weekly Operations Report, Newcastle Port



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