10-07-2018

Queue at Australian PWCS coal terminals falls on week to 11 vessels

Port Waratah Coal Services terminals at Newcastle port in eastern Australia had 11 ships waiting offshore Sunday, compared with 18 a week ago, the Hunter Valley Coal Chain Coordinator said in its weekly report, Monday.

The queue was expected to have less than five vessels by the end of the month, HVCCC said.

A total of 2.72 million mt of coal was shipped out of the two PWCS terminals in the week ended Sunday, up 314,200 mt from a week earlier. Month-to-date exports totaled 3.06 million mt, according to the report.

Coal producers had forecast July arrivals at the terminals at 9.8 million mt and for August at 10.9 million mt, HVCCC said.

Meanwhile, coal throughput on Newcastle port’s railway last week was 3.48 million mt, it added.

Around 759,000 mt of coal was shipped through the NCIG terminal at Newcastle last week, S&P Global Platts data showed.

The Carrington and Kooragang terminals at Port Waratah had combined stocks of 1.82 million mt available for export on Sunday, down 217,200 mt from the previous week.

Gladstone port had five ships in queue Monday, and an additional five ships were loading at the Queensland port’s RG Tanna coal terminal, Gladstone Ports Corporation said.

Source: Platts

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