(Bloomberg) -- Coal ship movements at Australia's
Newcastle Port, the world's biggest export harbor for the fuel,
are restricted today because of heavy seas and strong winds, the
Hunter Valley Coal Chain Logistics Team said.
``It is expected the swell will reduce tomorrow to allow
vessel movements to continue,'' the Team, the coordinator of
movements of coal through the rail system and port, said today in
a statement on its Web site. Shipping delays at Newcastle have
driven up prices for thermal coal, which reached $66.25 a metric
ton yesterday, according to globalCOAL.
Read more at Bloomberg Energy News
Newcastle Port, the world's biggest export harbor for the fuel,
are restricted today because of heavy seas and strong winds, the
Hunter Valley Coal Chain Logistics Team said.
``It is expected the swell will reduce tomorrow to allow
vessel movements to continue,'' the Team, the coordinator of
movements of coal through the rail system and port, said today in
a statement on its Web site. Shipping delays at Newcastle have
driven up prices for thermal coal, which reached $66.25 a metric
ton yesterday, according to globalCOAL.
Read more at Bloomberg Energy News
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