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Tuesday, 11 November 14
PORT OF NEWCASTLE'S OCTOBER COAL SHIPMENTS SLIPPED 7.40% M-O-M

COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1,115.7 million worth of 12,928,870 tons of coal for the month ended 31 October 2014. The based on available information, the average selling price was around US$ 86.29 per mt in October 2014 down approximately 1.79% from September average selling price of US$ 87.87 per MT.

According to Port’s monthly report, YTD (2014 calendar year to date), the port has shipped $11.18 billion worth of 129.635 million tons of coal. The average selling price YTD is around US$ 86.29 per MT.

Port has shipped 7.40% less coal in October compared to September exports.

$1.11 billion trade value of coal shipped in October.

According to operation report posted on port’s website, as of 31 October 2014, the port has served 139 (down11.46%) ocean going vessels in October and 1,393 vessels January – October this year.

The port’s report further said, Port of Newcastle shipped coal to Australia, China, India, Japan, Korea, Malaysia, Mexico, New Caledonia and Taiwan during October 2014.

Anglo, Peabody, Rio Tinto and Xstrata are some of the larger coal exporters to ship coal from Newcastle port.

The Port of Newcastle is the largest bulk shipping port on the east coast of Australia and the world’s leading coal export port. On 30 May 2014, Port of Newcastle Investments (trading as Port of Newcastle) commenced a 98-year lease of the Port of Newcastle with the New South Wales Government.

According to company’s website, port’s world-class infrastructure supports the import and export of more than 40 commodities through the port. In 2012-13, the port handled 148.8 million tonnes in trade throughput, with a value of approximately $19 billion.

The principal trade at the Port of Newcastle is coal.
Source: Port of Newcastle Monthly Trade Report – October 2014


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