Australia’s Port Kembla Coal Terminal shipments rise 24.48% on month in Feb

2017-03-02

Australia’s Port Kembla Coal Terminal shipments rise 24.48% on month in Feb

Coal exports from the Port Kembla Coal Terminal in New South Wales, Australia, recovered in February after slumping in January, data from the terminal operator showed.

Around 535,514 mt of coal was shipped from the port in February, up 24.28% from 430,904 mt in January, the data showed. Shipments dived 41% month on month in January.

Since the start of the financial year on July 1, the terminal has exported 5.39 million mt of coal. If it maintains this rate, it will ship 8.01 million mt for the 2016-2017 fiscal year.

Port coal stocks ended February at 372,508 mt, down 3.94% from 387,770 mt at the end of January, the operator said.

There were two vessels queuing to load coal at the time and three assembled, compared with one queuing and one assembled a month earlier.

The terminal is located 72 km south of Sydney and services the Southern and Western coalfields in New South Wales. It exports metallurgical and thermal coal.

Source: Platts

Source from : Port News

HEADLINES