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Thursday, 12 November 15
PORT OF NEWCASTLE'S COAL EXPORT VOLUME UP IN OCTOBER 2015
Port of Newcastle logoCOALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $1.254 billion worth of 14.032 million tons of coal for the month ended 31 October 2015. The based on available information, the average selling price for month October was around average US$ 89.38 per tons declined approximately 1.69 percent from September 2015 average selling price of US$ 90.92 per ton.

According to Port’s monthly report, YTD (2015 calendar year to date), the port has shipped $11.826 billion worth of 130.924 million tons of coal. The average selling price YTD was around average US$ 90.33 per MT.

Port has shipped 9.84 percent more coal in October compared to its September 2015 loading of 12.774 million tons.

$1.254 billion trade value of coal shipped in October 2015 compared to $1.161 billion in September 2015.

According to operation report posted on port’s website, as of 31 October 2015, the port has served 152 (down 10.14% month on month) ocean going vessels in October and 1404 vessels January – October this year.

The port’s report further noted that, the Port of Newcastle has shipped coal to Australia, China, India, Japan, Korea, Malaysia, Mexico, New Caledonia and Taiwan in the month of October 2015.

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

About Port of Newcastle
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, the principal trade at the Port of Newcastle is coal. Non-coal commodities traded through the port include grain, steel, project cargo, vegetable oils, fuels, orange juice concentrate and containers destined for local business.

The principal trade at the Port of Newcastle is coal. Utilizing its expertise in coal supply chain logistics, the Port of Newcastle is also one of the most diverse ports in Australia.
Source: Port of Newcastle Monthly Trade Report – October 2015


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