Hampton Roads June coal exports slip to cheapest total because 2009
Coal exports from terminals in Virginia's Hampton Roads region totaled 1.96 million st in June, the most affordable in more than 6 years, Virginia Maritime Organization information revealed Wednesday.
Export quantities for June were down 20.1% from May and down 47% from the year-ago month.
The June number was the very first time quantities dipped listed below 2 million st considering that 1.997 million st in May 2009 and were the lowest considering that 1.73 million st in April 2009.
The association does not talk about its regular monthly numbers, yet reduced seaborne prices for both thermal as well as metallurgical coal continue to limit exports.
While US coal exports peaked in 2012 at 125.7 million st, they are expected to complete simply 87 million st in 2015, according to the current estimate from the United States Power Details Administration, down 10 million st from 2014.
EXPORTS DOWN FROM PRIOR MONTH AT MANY TERMINALS
Lambert's Factor, also known as Pier 6, in Norfolk, exported 756,235 st in June, down 30.5% from the previous month and also 51.6% from the year-ago month.
The terminal, which is owned as well as operated by Norfolk Southern, has actually exported 6.2 million st in 2015, down 34.5% from the same period in 2015.
Pier IX, based in Newport Information, as well as which is owned and also operated by Kinder Morgan, exported 528,239 st in June, up 37.4% from the previous month, yet down 55% compared with the year-ago month.
For the year, Pier IX coal exports amount to 3.86 million st, down 38.4% compared to in 2014.
Rule Terminal Associates, additionally based in Newport Information and owned by Arc Coal, Peabody Power as well as Alpha Natural Resources, exported 670,696 st in June, down 31.3% from last month and also 29.6% from the year-ago month.
For the year, the terminal has exported 5.5 million st, down 30.3% from the very same period in 2015.
Via June, the combined terminals have exported 15.6 million st, down 34.1% compared with the exact same duration in 2014.
Coastwise deliveries from the 3 terminals amounted to 15,632 st in June, down 0.6% from the prior month and also 81.6% from the year-ago month. For ATMP na5 , coastwise deliveries amount to 404,539 st, down 44.7% from last year.
Export quantities for June were down 20.1% from May and down 47% from the year-ago month.
The June number was the very first time quantities dipped listed below 2 million st considering that 1.997 million st in May 2009 and were the lowest considering that 1.73 million st in April 2009.
The association does not talk about its regular monthly numbers, yet reduced seaborne prices for both thermal as well as metallurgical coal continue to limit exports.
While US coal exports peaked in 2012 at 125.7 million st, they are expected to complete simply 87 million st in 2015, according to the current estimate from the United States Power Details Administration, down 10 million st from 2014.
EXPORTS DOWN FROM PRIOR MONTH AT MANY TERMINALS
Lambert's Factor, also known as Pier 6, in Norfolk, exported 756,235 st in June, down 30.5% from the previous month and also 51.6% from the year-ago month.
The terminal, which is owned as well as operated by Norfolk Southern, has actually exported 6.2 million st in 2015, down 34.5% from the same period in 2015.
Pier IX, based in Newport Information, as well as which is owned and also operated by Kinder Morgan, exported 528,239 st in June, up 37.4% from the previous month, yet down 55% compared with the year-ago month.
For the year, Pier IX coal exports amount to 3.86 million st, down 38.4% compared to in 2014.
Rule Terminal Associates, additionally based in Newport Information and owned by Arc Coal, Peabody Power as well as Alpha Natural Resources, exported 670,696 st in June, down 31.3% from last month and also 29.6% from the year-ago month.
For the year, the terminal has exported 5.5 million st, down 30.3% from the very same period in 2015.
Via June, the combined terminals have exported 15.6 million st, down 34.1% compared with the exact same duration in 2014.
Coastwise deliveries from the 3 terminals amounted to 15,632 st in June, down 0.6% from the prior month and also 81.6% from the year-ago month. For ATMP na5 , coastwise deliveries amount to 404,539 st, down 44.7% from last year.
