Wednesday, January 20, 2010

Weather Hits Newcastle Coal Exports

Coal exports at Australia's Newcastle port, the world's largest coal export terminal, fell 16 percent from a week ago, however vessel queue and waiting
time continued to rise, data showed on Wednesday.

Exports from the eastern coast port, which ships mostly thermal coal used in power plants, fell to 1.56 million tonnesin the week to Jan 18, the port said on its Web site. Ship queues rose for the third week to 54, while average
queue time posted its sixth weekly rise to 16.6 days -- the highest in over a year.

Australia has been hit by heavy rainfall in the recent
weeks, resulting in slower production at some mines and
flooding of rail links affecting the transport of coal to port
terminals.

More from Reuters

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