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Australia's shipments after cyclone resume

February 2014, 02
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Australia's shipments

Coal has been started to be loaded at Abbot Point terminal in northeastern Australia after all the operations had been suspended last week due the tropical cyclone Dylan which has hit that region.

The company operating at the Bowen Bain coal deposit started upload its first ship after the cyclone passed and the ship left the port on Saturday.

The cyclone Dylan had crossed the coast of Queensland on friday and brought alone with it wind gusts which were unto 135 kilometres per hour and also included heavy rains and create huge giant tidal waves. As soon is it moved inland it got downgraded to a tropical low.

De Rosa said that the coal mines have all escaped the storm and it was not as ad as the weather forecasters were saying it would be.
As Dylan was approaching, The coal rich part of Australia which is the north-east region shut down. Staff was evacuated and shipments were suspended.

Many coal traders said that the market would not be impacted much if their was a very short interruption in shipping the coal out, and lot of coal has already been supplied to the markets and because of the Lunar New year holiday the business activity in Asia has slowed down a lot.

Dalrymple Bay is the worlds third largest bull coal exporting port which is situated at Hay Point and the coal is mines jointly by Mitsubishi Corp and BHP Billiton. It was also shutdown as they wanted to survey it for damages said Captain Zainol Ahmad who is the Harbour Master.

Metallurgical coal can only be found at Bowen Basin. Industry data shows that 21 million tonnes of coal had been handled at Abbot Point last year and 65 million tonnes of coal was moved at Dalrymple Bay port.

For almost a week coal terminals were shut at Hay Point, Abbot Point and Dalrymble Bay in February 2011 because of cyclone Yasi due to which the prices of coal had surged.

Prices of hard coking contracts had increased from $ 225 a tonne to $ 330 a tone, and thermal coal had reach the price of $ 120 for the first time in that year.

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