Coal news and updates

Port of Newcastle shipped mt of coal in July; up 0.66% m-o-m

The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1,224.1 billion worth of 13.461 million tons of coal for the month ended 31 July 2015. The based on available information, the average selling price was around US$ 90.93 per mt in July 2015 declined approximately 1.59 percent from June 2015 average selling price of US$ 92.40 per MT.

According to Port’s monthly report, YTD (2015 calendar year to date), the port has shipped $13.46 billion worth of 90 million tons of coal. The average selling price YTD was around US$ 90.27 per MT.

Port has shipped 0.66 percent more coal in July compared to its June 2015 exports.

$1.22 billion trade value of coal shipped in July 2015.

According to operation report posted on port’s website, as of 31 July 2015, the port has served 144 (up 2.12% month on month) ocean going vessels in July and 962 vessels January – July 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 in the month of July 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: http://coalspot.com