Coal prices rise on back of Japanese disaster and Queensland flooding

Coal will be shipped to Japan from South Africa if necessary

Coal prices are rising as Japan looks to find substitute energy sources amid supply and demand impacts from the country's recent earthquake and tsunami, high oil prices and the disruption of coal production in Queensland, Australia following flooding.

Estimates from shipping company Clarksons suggest expectations for coal demand in Japan have more than doubled after the second earthquake on April 7. "There is a lot of expectation for growth coming through," says Daniel Wills, senior analyst at

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