Hampton Roads Coal Exports Up for Third Straight Month (Platts)
Hampton Roads Coal Exports Up for Third Straight Month
Coal exports from terminals in Virginia’s Hampton Roads region totaled 3.11 million st in September, up 7.9% from the prior month and up 106.3% from the year-ago month, according to data released Tuesday by the Virginia Maritime Association.
The region’s three terminals primarily ship metallurgical coal, exports of which have surged in recent months as overseas demand has increased. It was the third straight month of increasing exports from the area’s terminals.
Through September 30, low-vol metallurgical coal FOB USEC has averaged $173.07/mt this year, compared with $95/mt in the year-ago period, according to S&P Global Platts data, while Premium Low Vol met coal FOB Australia averaged $182.36/mt during the same period, compared with $101.40/mt last year.
For the year to date, exports through the region’s three terminals totaled 26 million st, up 63% from last year.
At the three individual terminals in Hampton Roads, Lambert’s Point, also known as Pier 6, exported 1.22 million st in September, up 3% from August and up 76.2% from last year.
For the year, coal exports through the terminal — which is owned and operated by Norfolk Southern — totaled 10.96 million st, up 54.9% compared with the year-ago period.
Pier IX, based in Newport News, Virginia, exported 751,329 st in September, up 33.8% compared with the previous month and up 238% compared with the year-ago month.
Year-to-date, coal exports at the terminal, which is owned and operated by Kinder Morgan, totaled 6.24 million st, up 102.5% from last year.
Dominion Terminal Associates, based in Newport News, exported 1.14 million st in September, up 0.1% from the prior month and up 92.1% from last year.
For the year so far, exports at the terminal — which is owned by Arch Coal and Contura Energy — totaled 8.79 million st, up 52% from last year.