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In the back drop of trade wars we note coal shipping vessels continue to queue for Australian coal. Underscoring that Australia is in the middle of the US-China crossfire PWCS coal terminals' vessel rose to six ships in just a week.

Coal Ships Newcastle

Port Waratah Coal Services' two terminals at Newcastle port in New South Wales, Australia had six ships waiting offshore Sunday, is up from one ship a week ago, the Hunter Valley Coal Chain Coordinator said. Newcastle is considered the gateway to the world for the world's biggest thermal coal networks.

The queue for the PWCS terminals is expected to be eight vessels at the end of March, and fewer than five vessels at the end of April, the coal chain coordinator said.

Highlights

  • PWCS terminals shipped out 1.54 million mt of coal in the week ended Sunday, down 111,500 mt from a week earlier
  • Month-to-date exports totaled 6.58 million mt, the report showed.
  • Coal producers forecast March coal arrivals at the PWCS terminals to be at 8.3 million mt, and at 9.5 million mt for April.
  • Coal throughput for Newcastle port's railway last week was 2.63 million mt, HVCCC said.
  • Around 1.09 million mt of coal was shipped through the NCIG terminal at Newcastle last week, according to S&P Global Platts data.
  • Carrington and Kooragang terminals at Port Waratah had combined stocks of 1.82 million mt available for export on Sunday, up 167,254 mt on the previous week.

Gladstone port in Queensland had 19 ships in its queue Monday, with an additional three ships were loading at the Queensland port's RG Tanna coal terminal, Gladstone Ports Corporation said.

Source: Platts, HVCC

 

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