Tuesday, 24 Jan 2012
Bloomberg reported that coal shipments from Australia’s Newcastle port increased 43% last week. The queue of ships waiting to load coal cargoes lengthened to 16 from 14.
(Sourced from Bloomberg)
Showing posts with label Newcastle port. Show all posts
Showing posts with label Newcastle port. Show all posts
Tuesday, January 24, 2012
Thursday, December 29, 2011
Coal ship queue hits 60 at Newcastle Port in Australia
Thursday, 29 Dec 2011
ABC reported that Newcastle's ship queue has hit 60 for the first time in several years, as global demand for coal continues to rise.
In October the Hunter Valley Coal Chain Coordinator warned of increased ship queues, due to planned coal chain maintenance outages, combined with strong demand.
More than 50 vessels were waiting to be loaded at Port Waratah Coal Services Newcastle coal loaders at the end of last month.
Now there are 60 vessels, a number not seen for several years.
But a vessel arrival system means only 20 ships can stay in the Newcastle anchorage, with others anchored elsewhere or in transit.
But the ship queue spike is not expected to affect export targets through the Port of Newcastle.
The ship queue should drop soon with the number of vessels waiting expected to be below 40 at the end of January.
(Sourced from abc.net.au)
ABC reported that Newcastle's ship queue has hit 60 for the first time in several years, as global demand for coal continues to rise.
In October the Hunter Valley Coal Chain Coordinator warned of increased ship queues, due to planned coal chain maintenance outages, combined with strong demand.
More than 50 vessels were waiting to be loaded at Port Waratah Coal Services Newcastle coal loaders at the end of last month.
Now there are 60 vessels, a number not seen for several years.
But a vessel arrival system means only 20 ships can stay in the Newcastle anchorage, with others anchored elsewhere or in transit.
But the ship queue spike is not expected to affect export targets through the Port of Newcastle.
The ship queue should drop soon with the number of vessels waiting expected to be below 40 at the end of January.
(Sourced from abc.net.au)
Tuesday, November 29, 2011
Billionaire Tinkler Proposes $2.47 Billion Newcastle Coal Export Terminal
Tuesday, November29, 2011
Billionaire Nathan Tinkler proposed building a A$2.5 billion ($2.47 billion) coal export terminal in Newcastle, Australia, to compete with one proposed by Port Waratah Coal Services Ltd.
The terminal will add 100 million metric tons of export capacity if approved by the New South Wales state government, Tinkler’s Hunter Ports Pty said today in a statement on its website. That would double the amount being shipped annually from the world’s biggest thermal coal port. Port Waratah has proposed a A$5 billion plan to add 120 million tons of capacity.
“Port Waratah’s view is that this just does not fit with the broader plan, and not only that, it seriously risks jeopardizing the broader Hunter Valley coal industry export plan,” Matthew Watson, a spokesman for the operator of two export terminals at Newcastle, said by phone. “Port Waratah has started entering into contracts with Hunter Valley coal producers.”
Resource companies are planning A$430 billion of projects in Australia, the world’s biggest exporter of coal, iron ore and alumina, to meet demand from Asia. Coal exporters are facing bottlenecks as railroads and ports have struggled to cope with the increased demand, resulting in regular queues of ships waiting to load.
Rail Corridor
The planned terminal, subject to state government approval to use the proposed site, may start exports from 2015 “or sooner,” Steve van Barneveld, managing director of Hunter Ports, told reporters today in Sydney.
Existing coal mines and projects in and around the Hunter Valley, where Rio Tinto Group and Xstrata Plc own mines, would support additional annual exports of 65 million to 90 million tons of coal “if there is the infrastructure,” Hunter Ports said.
Japanese trading houses and Chinese parties have shown interest in providing “equity backing” for the project, Mark Rowsthorn, head of Tinkler’s International Ports & Logistics, said at the meeting. Rowsthorn joined in August after his previous role as chief executive officer of Asciano Ltd. (AIO), Australia’s largest port operator.
Tinkler, an electrician-turned-resources entrepreneur, is also chairman and largest shareholder of Brisbane-based Aston Resources Ltd. (AZT), which is developing the Maules Creek coal mine in New South Wales. Tinkler, who’s other business interests include a rail developer and racehorses, said Nov. 17 that he plans to buy more coal assets in the region. Aston plans to export coal from Maules Creek through Newcastle.
‘Inconsistent’ Plan
Port Waratah plans to lodge its environmental assessment with the state Department of Planning and Newcastle Port Corporation tomorrow, it said in a statement on its website.
Hunter Ports, which is based in Newcastle, aims to start a community engagement program and information sessions during the next two weeks. Following assessment of the proposal by the NSW government, Hunter Ports will prepare an environmental impact statement, it said.
Newcastle Port Corporation considers Koorangang Island, the site of Port Waratah’s proposed terminal as the best location for an additional loader, it said in an e-mailed statement. Newcastle Port said it has a lease agreement with Port Waratah built on the back of the Hunter Coal Export Framework that is supported by the coal industry and the Australian Competition and Consumer Commission, the e-mail said.
A spokeswoman at the New South Wales Department of Planning wasn’t immediately able to comment. The port of Newcastle is located about 125 kilometers (70 miles) north-northeast of Sydney.
sourced Bloomberg
Billionaire Nathan Tinkler proposed building a A$2.5 billion ($2.47 billion) coal export terminal in Newcastle, Australia, to compete with one proposed by Port Waratah Coal Services Ltd.
The terminal will add 100 million metric tons of export capacity if approved by the New South Wales state government, Tinkler’s Hunter Ports Pty said today in a statement on its website. That would double the amount being shipped annually from the world’s biggest thermal coal port. Port Waratah has proposed a A$5 billion plan to add 120 million tons of capacity.
“Port Waratah’s view is that this just does not fit with the broader plan, and not only that, it seriously risks jeopardizing the broader Hunter Valley coal industry export plan,” Matthew Watson, a spokesman for the operator of two export terminals at Newcastle, said by phone. “Port Waratah has started entering into contracts with Hunter Valley coal producers.”
Resource companies are planning A$430 billion of projects in Australia, the world’s biggest exporter of coal, iron ore and alumina, to meet demand from Asia. Coal exporters are facing bottlenecks as railroads and ports have struggled to cope with the increased demand, resulting in regular queues of ships waiting to load.
Rail Corridor
The planned terminal, subject to state government approval to use the proposed site, may start exports from 2015 “or sooner,” Steve van Barneveld, managing director of Hunter Ports, told reporters today in Sydney.
Existing coal mines and projects in and around the Hunter Valley, where Rio Tinto Group and Xstrata Plc own mines, would support additional annual exports of 65 million to 90 million tons of coal “if there is the infrastructure,” Hunter Ports said.
Japanese trading houses and Chinese parties have shown interest in providing “equity backing” for the project, Mark Rowsthorn, head of Tinkler’s International Ports & Logistics, said at the meeting. Rowsthorn joined in August after his previous role as chief executive officer of Asciano Ltd. (AIO), Australia’s largest port operator.
Tinkler, an electrician-turned-resources entrepreneur, is also chairman and largest shareholder of Brisbane-based Aston Resources Ltd. (AZT), which is developing the Maules Creek coal mine in New South Wales. Tinkler, who’s other business interests include a rail developer and racehorses, said Nov. 17 that he plans to buy more coal assets in the region. Aston plans to export coal from Maules Creek through Newcastle.
‘Inconsistent’ Plan
Port Waratah plans to lodge its environmental assessment with the state Department of Planning and Newcastle Port Corporation tomorrow, it said in a statement on its website.
Hunter Ports, which is based in Newcastle, aims to start a community engagement program and information sessions during the next two weeks. Following assessment of the proposal by the NSW government, Hunter Ports will prepare an environmental impact statement, it said.
Newcastle Port Corporation considers Koorangang Island, the site of Port Waratah’s proposed terminal as the best location for an additional loader, it said in an e-mailed statement. Newcastle Port said it has a lease agreement with Port Waratah built on the back of the Hunter Coal Export Framework that is supported by the coal industry and the Australian Competition and Consumer Commission, the e-mail said.
A spokeswoman at the New South Wales Department of Planning wasn’t immediately able to comment. The port of Newcastle is located about 125 kilometers (70 miles) north-northeast of Sydney.
sourced Bloomberg
Wednesday, September 28, 2011
Aston seeks 8 million tonnes coal capacity at Newcastle Port
Wednesday, 28 Sep 2011
Dow Jones reported that Australian coal developer Aston Resources Ltd has set plans in train to raise its coal exports to as much as 14 million tonnes a year.
Aston which plans to mine an average of 10.8 million tonnes a year from its Maules Creek project said it had requested port operator Port Waratah Coal Services to deliver an extra 1 million tons per year from 2014 and 3.5 million tons from 2015. Aston expects allocations to be confirmed in December.
Last December, Aston was awarded 2 million tons per year from 2012, 5 million tons from 2013, and 10.5 million tons from 2015 taking its full capacity potential to 14 million tons a year from 2015.
The company said it was in final negotiations over a tender for a company to carry its coal to port from the mine site in the Gunnedah Basin north of the Hunter Valley coal basin, and would award contracts by the fourth quarter of 2011.
Australia only major coal train operators, QR National Ltd and Asciano Ltd are competing fiercely for new haulage contracts in the Hunter region.
(Sourced from Dow Jones)
Dow Jones reported that Australian coal developer Aston Resources Ltd has set plans in train to raise its coal exports to as much as 14 million tonnes a year.
Aston which plans to mine an average of 10.8 million tonnes a year from its Maules Creek project said it had requested port operator Port Waratah Coal Services to deliver an extra 1 million tons per year from 2014 and 3.5 million tons from 2015. Aston expects allocations to be confirmed in December.
Last December, Aston was awarded 2 million tons per year from 2012, 5 million tons from 2013, and 10.5 million tons from 2015 taking its full capacity potential to 14 million tons a year from 2015.
The company said it was in final negotiations over a tender for a company to carry its coal to port from the mine site in the Gunnedah Basin north of the Hunter Valley coal basin, and would award contracts by the fourth quarter of 2011.
Australia only major coal train operators, QR National Ltd and Asciano Ltd are competing fiercely for new haulage contracts in the Hunter region.
(Sourced from Dow Jones)
Sunday, February 13, 2011
Australia Newcastle Thermal Coal Climbs 3.6% to $127.43 a ton
Feb 4, 2011
By Rajesh Kumar Singh - Feb 4, 2011 Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 3.6 percent in the week ended today.
Coal prices at the New South Wales port climbed to $127.43 a metric ton from $122.98 the previous week, according to the globalCOAL NEWC Index.
Xstrata Plc, the world’s largest exporter of power-station coal, BHP Billiton Ltd. and Rio Tinto Group are among mining companies that ship coal through Newcastle. (sourced:Bloomberg)
Saturday, January 15, 2011
Steam coal price at Newcastle climbs to US$ 136 as on Friday, January 14, 2011
Steam coal prices at Australia’s Newcastle port, an Asian benchmark, rose by 4.9% in the week.
According to the globalCOAL NEWC Index, steam coal prices at the New South Wales port climbed to USD 136.30 per tonne from USD 129.90 per tonne in the previous week.
Coal, Australian thermal coal, 12000- btu/pound, less than 1% sulfur, 14% ash, FOB Newcastle/Port Kembla, US$ per metric tonneAs of: Friday, January 14, 2011
Source: globalCOAL
According to the globalCOAL NEWC Index, steam coal prices at the New South Wales port climbed to USD 136.30 per tonne from USD 129.90 per tonne in the previous week.
Coal, Australian thermal coal, 12000- btu/pound, less than 1% sulfur, 14% ash, FOB Newcastle/Port Kembla, US$ per metric tonneAs of: Friday, January 14, 2011
Source: globalCOAL
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