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Storm puts Brisbane shiploader out of action

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Dry Bulk,

A shiploader at the Queensland Bulk Handling terminal at Port of Brisbane, Australia, has been damaged during an “extreme weather event”, according to terminal owner, New Hope Group, rendering the equipment inoperable.

A preliminary assessment of the damage was undertaken on 14 November, indicating that the shiploader could take several weeks to repair. During that time, the terminal will be unable to load coal.

The financial implications of the event still being assessed, said New Hope Group, but delays to shipments could result in lower sales.

Queensland Bulk Terminal is a relatively minor player in the Australian coal export business, shipping about 7 million tpy of coal. But with coal markets currently tight on the back of high Chinese demand, any additional supply constraints could see prices strengthen further.

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