Coal shipments from Australia's Newcastle port, which ships mostly thermal coal used in power plants, rose 8% in the week ending May 2. Newcastle Port Corporation said that exports from the eastern coast port were 2.232 million tonnes in the week to May 2, up from 2.062 million the previous week.
Newcastle ships out coal produced in Australia's eastern state of New South Wales and some coal production has slowed due to wet weather in the region, according to market sources. But the region has escaped the large-scale mine shutdowns seen due to flooding in neighboring Queensland state.
The vessel queue at the port rose to five ships last week from three, while the average waiting time for vessels at the port dropped by nearly three days to 1.85 days. (sourced Reuters)
Newcastle ships out coal produced in Australia's eastern state of New South Wales and some coal production has slowed due to wet weather in the region, according to market sources. But the region has escaped the large-scale mine shutdowns seen due to flooding in neighboring Queensland state.
The vessel queue at the port rose to five ships last week from three, while the average waiting time for vessels at the port dropped by nearly three days to 1.85 days. (sourced Reuters)
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