March 30 -- Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power stations, rose 54 percent last week while the number of vessels waiting to load increased.
The volume exported in the week ended 7 a.m. local time yesterday climbed to 1.7 million metric tons from 1.11 million tons in the preceding period, Newcastle Port Corp. said on its Web site. Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship the fuel from the harbor.
Fifty-two vessels, waiting to load 3.87 million tons of coal, were outside the harbor, from 50 a week earlier. The queue reached 60 in December, the longest since July 2007.
Coal ships waited to load for an average of 18.25 days, from 15.64 days a week earlier, Newcastle Port said. That compares with 0.8 day for general-cargo vessels.
Power-station coal prices at Newcastle, an Asian benchmark, declined 0.2 percent last week, according to the globalCOAL NEWC Index. Prices dropped 20 cents to $94.84 a ton in the week ended March 26.
Source: http://www.bloomberg.com/apps/news?sid=abLy6l4mZWZA&pid=20601087
The volume exported in the week ended 7 a.m. local time yesterday climbed to 1.7 million metric tons from 1.11 million tons in the preceding period, Newcastle Port Corp. said on its Web site. Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship the fuel from the harbor.
Fifty-two vessels, waiting to load 3.87 million tons of coal, were outside the harbor, from 50 a week earlier. The queue reached 60 in December, the longest since July 2007.
Coal ships waited to load for an average of 18.25 days, from 15.64 days a week earlier, Newcastle Port said. That compares with 0.8 day for general-cargo vessels.
Power-station coal prices at Newcastle, an Asian benchmark, declined 0.2 percent last week, according to the globalCOAL NEWC Index. Prices dropped 20 cents to $94.84 a ton in the week ended March 26.
Source: http://www.bloomberg.com/apps/news?sid=abLy6l4mZWZA&pid=20601087
Comments
Post a Comment