US exports to continue to shift to Asia: Update

US exports to continue to shift to Asia: Update

Asia’s influence over the US coal export market will continue to grow as demand from traditional international customers fades, industry members said at a conference today. “We all expect that demand in the Atlantic market is going to be down, or flat at best,” Jack Porco, president of US producer and trader Xcoal, said at […]

Coal’s return depends on new plants: Officials

President Donald Trump administration’s effort to ease the regulatory burden on the coal industry has not been enough to stem the sector’s slide in the US. What is needed now is more support to build new, more efficient coal plants to replace lost capacity, industry executives said at the US Energy Association’s 15th Annual State […]

Tight coal supply limits Norfolk Southern rail hauls

Eastern US railroad Norfolk Southern (NS) expects export and domestic utility coal shipments to remain constrained in the first quarter, despite strong demand. NS chief marketing officer Alan Shaw said in an earnings call yesterday that utilities are “screaming for coal at this point.” Stockpiles at generators have fallen by 17 days over the past […]

Virginia coal exports rose in 2018, but future uncertain

The three coal terminals in Virginia’s Hampton Roads region saw double-digit increases in exports last year, but a global economy that shows signs of slowing worries some analysts. The Virginian-Pilot reports that the biggest coal-exporting port in North America finished 2018 at nearly 43 million tons (39 million metric tons), a 22-percent rise from 2017 and […]

Coal exports soared in Hampton Roads last year

All three coal terminals in Hampton Roads saw double-digit increases in exports last year when compared to 2017, and the port exported nearly twice as many tons as two years ago. But an end-of-the-year slowdown, coupled with worries over the global economy, has some analysts cautious heading into the new year. Hampton Roads — the […]