Hampton Roads has busiest coal export month in 3 years

Hampton Roads has busiest coal export month in 3 years

Coal exports out of Hampton Roads, Virginia, reached their highest level in more than three years in July, driven by strong international demand for US steam and metallurgical coals amid a global shortage of supply. Shipments last month totaled 3.05mn short tons (2.77mn metric tonnes), up by 24pc compared with 2.46mn st handled in July […]

US Coal Exports Rise in Q2’22 Amid Global Energy Crisis

U.S. coal exports rose in the second quarter as demand and prices remained elevated amid a global energy crisis. Shipment volumes increased 14.8% quarter over quarter to 21.6 million tonnes and climbed 4.6% year over year, according to S&P Global Market Intelligence data. The global coal market has become tight as several countries shunned supplies […]

Europe’s Coal-Buying Frenzy Means Windfall for Producers

The people of this coal-mining hamlet say they grasp little about Russia’s invasion of Ukraine. But they do know it has translated into boom times for them. In the wake of the war, Europe is weaning off Russian coal and turning to Colombia and a host of other countries from South Africa to Australia with an […]

Factbox: Europe ramps up coal imports as energy supply fears grow

European buyers have had to temporarily set aside green aspirations in a rush for coal as the region’s energy crisis deepens, ramping up shipments from Australia, South America, Colombia and South Africa while tightening the global market. Russia has resumed pumping gas via its biggest pipeline to Germany after a 10-day outage, allaying some of […]

Global coal demand is set to return to its all-time high in 2022

Despite a slowing global economy and lockdowns in China, soaring natural gas prices following Russia’s invasion of Ukraine are propping up the world’s use of coal this year. The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to […]

Coal far from dead: Global trade thrives, war reroutes shipping

“The market has spoken: Coal is dying” declared a September 2019 headline in CNN Business, after China announced it would cease funding overseas coal projects. “Coal is dead. Power to the people!” activist group 350.org triumphantly tweeted. These predictions have not aged well. Bulk cargo vessels full of coal crisscross the oceans. Storage areas are […]

Europe’s new trade flows for coal shaping up as import ban on Russia looms

With the flow of Russian coal to Europe coming to a final end, buyers jostling for alternatives are increasingly in favor of tapping non-traditional markets, a development many believe, for better, will likely lead to the creation of new trade flows for the fuel. While obvious substitutes like South Africa, Australia and Indonesia are a […]

China studies ending Australia coal ban on supply fear

Chinese bureaucrats studying the energy outlook are proposing to end a near two-year ban on Australian coal as tensions begin to ease and on concerns supply may tighten when Western-led sanctions on Russian energy kick in. The proposal will be submitted to senior leaders, with a recommendation Beijing should resume Australian imports, according to people […]