Virginia Coal Exports Up 24% (Platts)
Virginia coal exports in May up 24.3% on year
Among the three terminals, the Lambert’s Point Coal Terminal in Norfolk exported the most coal in May, at 1,740,400 st, down 11.6% from 1,969,169 st in April, but up 9.6% from 1,588,168 st in May 2012.
Lambert’s Point is owned and operated by Norfolk Southern railroad.
Kinder Morgan’s Pier IX terminal in Newport News exported 1,597,899 st in May, up 63.8% increase from 975,780 st in April and up 42.2% from 1,123,598 st in May 2012.
Also in Newport News, the DTA pier, owned and operated by Dominion Terminal Associates, exported 1,386,787 st in May, 1.9% gain from April’s 1,360,316 st and a 27.1% increase from the year-ago month’s 1,090,762 st.
Dominion Terminal Associates is owned by Arch Coal, Peabody Energy and Alpha Natural Resources.
Through the first five months of the year, the three terminals have combined to export 23,098,930 st, up 8.6% compared with 21,270,169 st exported through the same period in 2012.
Two of the three terminals also shipped coal to US destinations in May. Lambert’s Point shipped 79,519 st during the month, essentially flat compared with 79,807 st shipped in April. The terminal did not ship any coal to domestic destinations in May 2012.
DTA shipped 40,188 st of coal domestically in May, compared with 24,527 st shipped in April, a 63.8% increase. DTA also did not ship any coal to domestic locations in May 2012.
Through the first five months of 2013, the three terminals have combined to ship 750,299 st to domestic destinations, up 35.2% compared with 554,855 st shipped in the same period last year.
See article here.