The shipping queue at Newcastle, a crucial coal export port in Australia, has reached a 23-month high, with 31 vessels waiting as of July 2. This surge in shipping delays has been exacerbated by both climate protests and adverse weather conditions, significantly impacting operations at the port…
Benchmark Pacific Basin coal prices have dropped 6% over the past week to a near one-month low as ample supply offsets strong generation
Benchmark Pacific Basin coal prices have slipped 2% over the past week as initial “panic” around US sanctions on Russian supply eased
The Pacific basin’s thermal coal index edged up to its highest level in six weeks this week, supported by fresh western sanctions on Russia
The two Port Waratah Coal Services terminals at the coal port of Newcastle shipped more in 2023 than 2022 with a firmer end to the year.