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Port Waratah Coal Services (PWCS) has abandoned its controversial T4 coal terminal project on Kooragang Island in Newcastle, Australia.

Shareholders in the troubled Wiggins Island Coal Export Terminal (WICET) in Gladstone, Queensland are considering a buyout proposal from a consortium featuring rail operator Aurizon, Macquarie Bank and Brookfield.

Australia is still suffering a hangover from the resources and commodities boom of the second half of the last decade and the first half of this one.

The New South Wales port of Newcastle has reported that a surge in coal and wheat exports has underpinned a new trade record, handling just under 168 Mt in 2016 (trade value: A$18.69B), an increase of 3.8 Mt on the previous year.

Newcastle’s Port Waratah Coal Services (PWCS) has begun renewal of its Carrington terminal with the arrival of two new shiploaders.

Newcastle’s Port Waratah Coal Services (PWCS) has begun renewal of its Carrington terminal with the arrival of two new shiploaders.