Australia's Newcastle coal vessel queues hit a 23-month high

Gold Ten Futures, July 2, according to foreign media, the number of ships queuing at Australia's key coal port Newcastle reached 31 on July 2, a 23-month high, as climate protests and storms disrupted operations. According to Port Waratah Coal Services (PWCS), the average ship turnaround time at the two PWCS terminals in Newcastle increased to 7.61 days in June from 5.05 days in May. Shipments at PWCS terminals increased to 7.90 million tonnes in June from 7.40 million tonnes in May, but were down from 8.53 million tonnes in June 2023. The railway was closed for short maintenance from June 8 to 10, but the month was also disrupted by climate protests. No maintenance is planned for July.