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Tuesday, 25 March 14
NEWCASTLE COAL EXPORTS JUMP 29.16% TO 2.79 MMT WEEK ON WEEK

COALspot.com: In the week ended 24 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2.79 million tons.

The figure constitutes a 29.16 percent higher compared to the previous week, following a week on week decrease of 26.23 percent recorded in the week ended 17 March 2014. Around 2.79 million mt for the week ended 24 March 2014 were loaded on to 32 ocean-going ships (the previous week 21 vessels served), said Newcastle Port Corp in its latest weekly update.

According to port's weekly report, the port has shipped 2,797,771 tons of coal for the week ended 0700 hours 24 March 2014, which is 29.16 percent higher compared to a week ago loaded quantity. The port’s report indicates that, the port has loaded totalled 9,110,578 MT of coal as of 24 March for this month.

According to operation report posted on port’s website, as of 0700 hours 24 March 2014, there were 6 vessels off the port waiting to load, and 29 vessels with Notified Arrival Time (NAT) allocated and in transit and 7 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
29 coal vessels entered port to load coal during the week, and average waiting time was around 2.49 days (waiting time for loading fell 42.28% week on week), said NPC in its latest coal shipments report.

According to NPC forecasting, around 11.85 million mt of coal will be shipped in March 2014 and 6.31 mt or 76.87% of total forecasted coal already shipped as of 24 March 2014.
Source: Weekly Operations Report, Newcastle Port



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