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Thursday, 01 September 16
AUSTRALIA'S NEWCASTLE PORT SHIPPED 2.33 PERCENT MORE COAL IN JULY
Port of NewcastleCOALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1.10 billion worth of 13.581 million tons of Power plant coal and coking coal for the month ended July 2016. The average selling price for month July was around average $AU 81.63 (approximately US$ 61.39) per tons declined approximately 1.67 percent from June 2016 average selling price of $AU 83.02 per ton.

According to Port’s monthly report, YTD (2016 calendar year to date), the port has shipped $AU 7.622 billion worth of 91.65 million tons of coal. The average selling price YTD was around average $AU 83.16 per MT.

Port has shipped 2.33 percent more coal in July compared to its June 2016 loading of 13.271 million tons.

$AU 1,108.8 million trade value of coal shipped in July 2016 compared to $AU 1,101.9 million in June 2016.

According to operation report posted on port’s website, as of 31 July 2016, the port has served 140 (down 1.40% month on month) ocean going vessels in July 2016 and 993 vessels January – July 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 July 2016.

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 – July 2016 (According to report, the trade values were based on commodity values and prices obtained from sources such as Australian Bureau of Agricultural and Resource)


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