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Cyclone Fani shuts Indian coking coal ports

Source: Wikipedia, May 4, 2019

Coking coal imports to Haldia and Paradip ports in India have been halted because of Cyclone Fani, but are expected to resume soon unless the ports are damaged.

Cyclone Fani, a category 4 or extremely severe cyclonic storm, made landfall today about 150km south of Paradip in Odisha state. It has since been downgraded to a category 3 cyclone and is expected to follow the coast towards Kolkata and the port of Haldia by tomorrow.

The port of Paradip has been closed since 30 April, with vessels instructed to leave anchorage and move away from the coast. The port of Haldia was closed today but is expected to reopen tomorrow, unless there is damage to port facilities.

"The cyclone is ripping up the coast now but it is too soon to gauge any impacts on the ports. If there are any major delays to discharge then we could expect some force majeure declarations by shipping companies," an international trader said.

Kolkata was India's largest coking coal import port in the April 2018 to March 2019 financial year with 20.44mn t, a 52.5pc increase from imports of 13.4mn t in the previous year. Imports comprised 17.13mn t received at Haldia and 3.31mn t at the Kolkata dock system.

Paradip took the second-largest amount of coking coal imports in the period at 12.71mn t, down from 13.17mn t a year earlier.

News Source: Argus Media