Australia's Newcastle coal port exports down 10 pct
Coal exports at Australia's Newcastle port, the world's largest coal export terminal, fell 10 percent in the past week, while ship queues eased to below 40 as a new export quota system kicked in, data showed on Wednesday.
Exports from the eastern coast port, which ships mostly thermal coal used in power generation, fell 10.2 percent to 1.75 million tonnes in the week to Aug. 3, while vessel queues eased to 37.
Twenty-two vessels carrying coal sailed in the week ended Aug. 1, Newcastle Port said in an e-mailed report. Twelve ships were bound for Japan, four for South Korea, three for China, two for Taiwan and one for Mexico.
In a bid to rein in swelling ship queues, the port operator said it plans to cut all producers' shipping allocations by a total of 1 million tonnes for the rest of the third quarter.
Vessel queues are expected to be in the mid 30's at the end of August, Hunter Valley Coal Chain Logistics Team, which coordinates coal movements from the mine to the port, said on its Web site.
The logistics operator said that of the vessels waiting in the queue 14 had coal availability issues.
Exports from the eastern coast port, which ships mostly thermal coal used in power generation, fell 10.2 percent to 1.75 million tonnes in the week to Aug. 3, while vessel queues eased to 37.
Twenty-two vessels carrying coal sailed in the week ended Aug. 1, Newcastle Port said in an e-mailed report. Twelve ships were bound for Japan, four for South Korea, three for China, two for Taiwan and one for Mexico.
In a bid to rein in swelling ship queues, the port operator said it plans to cut all producers' shipping allocations by a total of 1 million tonnes for the rest of the third quarter.
Vessel queues are expected to be in the mid 30's at the end of August, Hunter Valley Coal Chain Logistics Team, which coordinates coal movements from the mine to the port, said on its Web site.
The logistics operator said that of the vessels waiting in the queue 14 had coal availability issues.