The Port Waratah Coal Services (PWCS) terminals at Australia's Newcastle port have ramped up to full capacity after another highly windy weekend, but ship queues remain stubbornly above 40 on strong demand and an ongoing shiploader outage at the Newcastle Coal Infrastructure (NCIG) terminal. There were 45 ships queuing outside Newcastle today, up from 40 on 6 July and well above the average of 10. These long shipping queues, which have more than doubled ship turnaround times to above 10 days from below five earlier this year, are adding to coal mining costs. Chinese-owned Yancoal highlighted demurrage expenses as a ... (full story)