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Australian PWCS coal terminals' vessel queue falls on week to 6 ships

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Australian PWCS coal terminals' vessel queue falls on week to 6 ships

Singapore — Port Waratah Coal Services' two terminals at Newcastle port in eastern Australia had six ships waiting offshore Sunday, down from 11 ships a week ago, the Hunter Valley Coal Chain Coordinator said in a report Sunday.

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

The PWCS terminals shipped out 2.49 million mt of coal in the week ended Sunday, up 216,700 mt from a week earlier; while the month-to-date exports totaled 2.78 million mt.

Coal producers have forecast April coal arrivals at the PWCS terminals to be 8.9 million mt, and at 10.1 million mt for May.

Coal throughput for Newcastle port's railway last week was 3.22 million mt, HVCCC said.

Around 723,000 mt of coal was shipped through the NCIG terminal at Newcastle last week, according to S&P Global Platts data.

The Carrington and Kooragang terminals at Port Waratah had combined stocks of 1.31 million mt available for export on Sunday, down 551,321 mt from the previous week.

Meanwhile, Gladstone port in Queensland had 17 ships in its queue Monday, and an additional four ships were loading at the Queensland port's RG Tanna coal terminal, Gladstone Ports Corporation said.

--Jin Ming Lim, jinming.lim@spglobal.com
--Edited by Pankti Mehta, pankti.mehta@spglobal.com