Newcastle: world's biggest coal export port announces shift away from coal

The new chair of Newcastle Ports in Australia says there's an urgent need to diversify the regional economy and the port's business

Newcastle, the world's largest coal export port, must "urgently" diversify its traffic, the port's incoming chairman has said, warning that the "long-term outlook for coal is a threat to the port".

The move has been received as a significant sign of the transition away from fossil fuels.