Tuesday, March 23, 2010

Newcastle Coal Shipments Fall 24 Per Cent

Coal shipments from Australia’s Newcastle port, the world’s biggest coal export harbour, fell 24 percent last week. The number of vessels waiting to load also fell.
The volume exported in the week ended 7 a.m. local time on Monday dropped to 1.11 million metric tons from 1.46 million tons in the preceding week, Newcastle Port Corp. said.

Fifty vessels, waiting to load 3.94 million tons of coal, were outside the harbour, down from 55 a week earlier with ships waiting to load for an average of 15.64 days, from 16.35 days a week earlier, the port authority said. General cargo vessels wait an average of 0.13 days.

No comments: