World’s leading Coking and Non-coking Coal exporter Newcastle Port Corporation (NPC) exported record Coal in December 2013 around 15 MnT. Shipment in December 2013 rose to 26.1 per cent than November 2013 and 14.3 per cent than December 2012.

With highest Coal shipment in last month of year 2013, port has shipped total around 148 MnT of Coal to the different part of the world in calendar year 2013. NPC’s Coal export had grown from 131.3 MnT to 12.4% Y-o-Y in 2012.

Port has reported, its Coal shipment has been dropped by 7.7 per cent during week ended 6 Jan, 2014.

*NPC exported around 148 MnT Coal in 2013
*NPC Shipped 15 MnT Coal in December, 2013
*NPC Shipped 2.4 MnT Coal in January, 2014 (till 6th Dec)
*W-o-W shipment dropped by 7.7 per cent to 3.2 MnT
*Port targets to ship 12.9 MnT of Coal in January, 2014
*Average ship waiting time is 4.03 days
During the week under review, NPC has shipped around 2.5 MnT of Coal to different destinations in the month of January.

For the current month (Jan, 2014) port has forecasted to ship around 12.9 MnT of Coal. However, on the basis of current situation, port authorities are estimating to ship around 13.3 MnT Coal in December, on the basis of actual shipped and projected balance from the Coal terminal.

The Port has also reported that during the week ended on 6 Jan, 2013, 34 vessels entered in the port for loading with an average waiting time of 4.03 days. However, during the preceding week, around 34 vessels had entered the port with an average waiting time of around 2.8 days.

At the end of the week, 6 vessels had loaded Coal, 9 vessels were waiting to get loaded and 17 vessels were expected to reach the Port.

Current Thermal Coal market seems dull as there’s less booking from China and other Asian countries. It is noted that Australian 6,000 NAR Kcal/kg Coal was offered at USD 85-86/MT on FOB basis. Also, Coking Coal market looks passive and so Hard Coking Coal (CSR 71% and VM 21.5%) was offered at USD 151-152/MT on FOB basis.