Coal shipments from Australia’s Newcastle port, the world’s biggest export harbour for the fuel, were little changed last week while the number of vessels waiting to load decreased.
The volume exported in the week ended 7 a.m. local time yesterday was 1.94 million metric tons, compared with 1.95 million tons a week earlier, Newcastle Port Corp. said on its Web site. Forty ships, waiting to load 3.3 million tons of coal, were outside the harbor, down from 48 vessels.
Coal ships queued for an average 12.4 days to load, down from 14.2 days a week earlier, Newcastle Port said. The waiting time compared with 0.6 day for general cargo vessels, it said.
Power-station coal prices at Newcastle port, a benchmark for Asia, rose 2.4 percent to $78.04 a ton in the week ended July 24, according to the globalCOAL NEWC Index. It is the highest level since the week ended Feb. 13.
Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through Newcastle.
Source: Bloomberg
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