Newcastle to Ship Cargo from Australian Terminal

25 March 2010 (Last Updated March 25th, 2010 18:30)

Newcastle Coal Infrastructure Group (NCIG), partly owned by miner BHP Billiton, will ship its first cargo from a new terminal at an Australian port. The group said the Japan-bound shipment will be loaded on the bulk carrier Sunny Success, which has a carrying capacity of 42,000t.

Newcastle Coal Infrastructure Group (NCIG), partly owned by miner BHP Billiton, will ship its first cargo from a new terminal at an Australian port.

The group said the Japan-bound shipment will be loaded on the bulk carrier Sunny Success, which has a carrying capacity of 42,000t.

NCIG recently spent more than A$1bn ($917m) on the facility and expects the terminal’s annual export capacity to rise to 30 million metric tons by 2011, according to Bloomberg.

NCIG won a tender to build a third terminal at the export harbour in 2005.

Built at one of the biggest export harbours for power station coal, the facility has planning approval for 66 million tons a year.