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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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Monday, 07 April 14
API 8 CFR SOUTH CHINA COAL SWAPS GAINED 2.09% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 2.09 percent month on month and closed at US$ 75.68 per ...
Sunday, 06 April 14
THE FREIGHT MARKET KEEPS SLIDING
COALspot.com: The freight market continued to drop this week. The BDI (Baltic Dry Index) is a widely followed metric that reflects the overall r ...
Friday, 04 April 14
UNITED STATES COAL OUTPUT UP 5.4% IN PAST WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.9 million short tons (mmst) of coal i ...
Thursday, 03 April 14
PANAMAX SECTOR IS WATCHING A SEVERE DROP IN RATES - FEARNLEYS
Handy
A further weaker sentiment for the Supras as well in both hemispheres this week with oversupply of tonnage being the major headline. Tra ...
Wednesday, 02 April 14
CHINA: ARBITRATION CLAUSES IN BILLS OF LADING UNDER CHINESE LEGAL PRACTICE - SKULD
KNOWLEDGE TO ELEVATE
Successful incorporation of a charterparty arbitration clause into the bills of lading is not a straight forward matte ...
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- MS Steel International - UAE
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