London: Congestion worsened last week at Australia's main coal and iron-ore ports, according to Global Ports, which tracks delays.
A total of 181 capesize-, panamax- and handymax-class ships were anchored at the country's main coal and iron-ore ports as of February 12, UK-based Global Ports said in an e-mail to Bloomberg yesterday. In the next 14 days, 153 vessels were scheduled to arrive, it said. That compares with 173 anchored ships and 163 expected arrivals in the prior week.
Australia's Hay Point port is now open for loading after a berth was damaged, Global Ports said.
The number of capesizes, typical iron-ore and coal transporters, at major berths in China rose to 61 last week from 54 the week before, according to Global Ports. Another 86 of the vessels are expected to arrive in the next two weeks, up from 59 the week before, it reported.
Elsewhere, congestion is growing at other loading terminals, most notably Turabao in Brazil, while key discharge port Qingdao in China is also suffering long queues. Capesize rates are expected to escalate next week after the Spring Festival holidays come to an end. [16/02/10]
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