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Tuesday, 22 April 14
NEWCASTLE WEEKLY COAL EXPORTS FELL 13.33% THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 21 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2.6 million tons.
The Port of Newcastle is the economic and trade centre for the resource rich Hunter Valley and for much of the north and northwest of NSW. It is Australia's oldest and one of the largest tonnage throughput ports, with coal exports representing more than 90% of total throughput tonnage.
The figure constitutes a 13.33 percent lower compared to the previous week, following a week on week increased of 3.44 percent recorded in the week ended 14 April 2014. Around 2.6 million mt for the week ended 21 April 2014 were loaded on to 30 ocean-going ships (the previous week 28 vessels served), said Newcastle Port Corp in its latest weekly update.
According to port's weekly report, the port has shipped 2,639,761 tons of coal for the week ended 0700 hours 21 April 2014, which is 13.33 percent lower compared to a week ago loaded quantity. The port’s report indicates that, the port has loaded totalled 8,101,412 MT of coal as of 21 April for this month.
According to operation report posted on port’s website, as of 0700 hours 22 April 2014, there are 3 vessels off the port waiting to load, and 35 vessels with Notified Arrival Time (NAT) allocated and in transit and 8 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
30 coal vessels entered port to load coal during the week, and average waiting time was around 0.88 days (waiting time for loading fell by 73.65% week on week), said NPC in its latest coal shipments report.
NPC has forecasted to load around 12.49 million mt of coal in April 2014 and 8.10 mt or 64.85% coal already shipped until 21 April 2014.
Source: Weekly Operations Report, Newcastle Port
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Sunday, 13 April 14
INDONESIA TO INDIA FREIGHT MARKET DECLINE CONTINUES
COALspot.com: The freight market continued to drop this week and BDI almost touched 1000 points. BDI closed at 1002 points fell 16.85 pct week o ...
Saturday, 12 April 14
HOW DO YOU CALCULATE LOSS OF EARNINGS FOLLOWING A COLLISION? - INCE & CO
KNOWLEDGE TO ELEVATE
The recent case of Astipalaia vs Hanjin Shenzhen [2014] EWHC 120 (Admlty) has revisited the existing case law on asses ...
Friday, 11 April 14
US COAL PRODUCTION IN MARCH INCREASED 9.69% TO 82.6 MMST MONTH ON MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.10 million short tons (mmst) of coal ...
Thursday, 10 April 14
DRY BULK MARKET IS RISING CLAIMS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it i ...
Wednesday, 09 April 14
DRY BULK MARKET STRUGGLED THROUGHOUT THE WEEK - INTERMODAL
The Dry Bulk market struggled throughout the week but the poor performance across the board didn't allow for any positive reversal, pushing ...
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