Debbie halts all QLD coal shipments

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Via The Australian:

Coal shipments out of central Queensland have ground to a complete halt after heavy rain from ex-tropical cyclone Debbie caused the closure of the Port of Gladstone.

Several mines in central Queensland have been left unable to deliver contracted coal shipments with most railways and all ports now closed due to the impacts the huge storm.

Every one of the region’s major coal terminals was closed and railway operator Aurizon was operating only a single coal railway on Thursday morning as some parts of the area were being inspected for damage and others remained bunkered down under torrential rain.

The coal ports Abbot Point, Hay Point and Dalrymple Bay have been closed since the weekend and damage assessments are being conducted.

But the intense rain on Thursday morning caused Maritime Safety Queensland to close the largest coal terminal at the Port of Gladstone, effectively ceasing the region’s coal exports.

Not surprising given this monstrosity:

Short term support for coking coal and iron ore…

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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