By Jesse Riseborough
Nov. 11 (Bloomberg) -- Coal exports from Australia's Newcastle, the world's biggest export harbor for the fuel, fell 8.7 percent last week and the number of ships waiting outside the port dropped.
The volume shipped in the week ended 7 a.m. local time yesterday fell to 1.97 million metric tons from 2.16 million tons a week earlier, Newcastle Port Corp. said today on its Web site. A total of 24 ships, waiting to load 1.92 million tons of coal, were lined up outside the port, down from 26 last week.
Coal ships waited 7.8 days to load the fuel in the week, down from 8.7 days a week earlier, Newcastle Port said. The waiting time compared with 1.1 days for general cargo vessels last week, it said.
A total of 24 vessels carrying coal left Newcastle in the week ended Nov. 8, Newcastle Port said today in an e-mailed report. Sixteen ships were bound for Japan, five for Taiwan, two for South Korea and one for the Netherlands, it said.
The weekly index for power-station coal prices at the New South Wales-state port increased $3.19 to $104.02 a ton in the week ended Nov. 7, according to the globalCOAL NEWC Index.
Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through Newcastle.
To contact the reporter on this story: Jesse Riseborough in Melbourne at jriseborough@bloomberg.net
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