Storm Shutters Australia's Newcastle Coal Port
Coal port shut since Monday night; seven coal ships waiting to leave, ship queue undisclosed. MELBOURNE, April 22 (Reuters) - Australia's Newcastle port, the world's biggest coal export port, has stopped all ship movements due to a cyclonic storm lashing the country's east coast, a port spokeswoman said on Wednesday. "Due to the weather event, no shipping movements occurred yesterday and port operations also paused," the spokeswoman said. Seven coal ships are waiting to leave the port, four from terminals operated by Port Waratah Coal Services and three from a terminal run by Newcastle Coal Infrastructure Group (NCIG). The port operators declined to comment on how many coal ships were waiting offshore to pick up their cargoes from the port…
Newcastle Coal Port Reopening as Storm passes
Australia's Newcastle port, the world's biggest marine coal export terminal, will reopen later on Thursday after shutting down earlier this week due to a heavy storm, according to the port. Australia's biggest coal companies, including BHP Billiton Ltd , Glencore Plc, Rio Tinto , Peabody Energy Corp and China's Yancoal Australia Ltd rely on the port. (Reporting by Sonali Paul
China Trims Appetite, but Coal Prices Unfazed
There are indications that China's appetite for imported coal may be starting to ease in line with Beijing's efforts to limit the use of the fuel over winter in a bid to lower air pollution. China's seaborne imports were 18.26 million tonnes in November, down from 20 million in October, according to vessel-tracking and port data compiled by Thomson Reuters Supply Chain and Commodity Forecasts. It's the fourth consecutive monthly decline for seaborne coal imports, according to the data, and it comes as the authorities impose productions cuts on coal-consuming industries such as steel.
China's LNG Woes Boost Coal, But for How Long?
A sure sign that China is struggling with its planned switch to natural gas from coal for winter heating is the spot price of Australian coal climbing back above $100 a tonne. Spot cargoes of thermal coal from Australia's Newcastle port , an Asian benchmark for the fuel used mainly in power plants, rose to $100.65 a tonne on Wednesday, breaching the triple-figure barrier for the first time since Nov. 1 and hitting their highest since mid-September. The price is also 9.2 percent higher than a recent low of $92.20 touched on Nov.