Coal news and updates

ort of Newcastle shipped 10.5% less coal in SEPTEMBER, compared to August loading

The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.161 billion worth of 12.774 million tons of coal for the month ended 30 September 2015. The based on available information, the average selling price was around US$ 90.92 per tons in September 2015 declined approximately 1.59 percent from August 2015 average selling price of US$ 92.39 per ton.

According to Port’s monthly report, YTD (2015 calendar year to date), the port has shipped $10.581 billion worth of 116.89 million tons of coal. The average selling price YTD was around US$ 90.52 per MT.

Port has shipped 10.50 percent less coal in September compared to its August 2015 loading of 14,116,346 tons.

$1.161 billion trade value of coal shipped in September 2015 comapred to $1.304 billion in August 2015 .

According to operation report posted on port’s website, as of 30 September 2015, the port has served 138 (down 9.21% month on month) ocean going vessels in September and 1252 vessels January – September this year.

The port’s report further said that, teh Port of Newcastle shipped coal to Australia, China, India, Japan, Korea, Malaysia, Mexico, New Caledonia and Taiwan in the month of September 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