Seaborne Coal Volumes Hit Record Highs In 2023

Seaborne Coal Volumes Hit Record Highs In 2023

Global coal demand continues to rise, especially in Asia, with seaborne coal volumes predicted to surpass previous records. US coal production has decreased, but exports, particularly to Asia, are increasing, with CEOs focusing on international markets. Drought conditions in Panama cause shipping delays and rerouting, favorably impacting Panamax freight rates and altering global coal trade […]

Utah coal exports to continue after 2027: Correction

Exports of Utah coal to international markets will continue after 2027 despite environmental lobbyists successfully forcing California’s key export coal terminals to close, senior vice-president of Wolverine Fuels Patrick Barrett said. The Richmond terminal in California’s Bay Area must end coal exports by 31 December 2026, according to a city ordnance, Christian Schaeffer, chief executive […]

US thermal coal exports rise for 2nd month

US thermal coal exports rose in June from year-earlier levels for a second month as buyers in the northern hemisphere stocked up ahead of the summer cooling season. Roughly 4.08mn short tons (3.7mn metric tonnes) of thermal coal departed the US during the month, up from 3.4mn st a year earlier, preliminary figures reported today […]

U.S. railroads say heatwave to reignite coal shipments this year

U.S. railroad operators expect heatwaves across the northern hemisphere to reignite coal shipments as people crank up the air conditioning to beat the heat. Grid operators from Texas to California have been relying more on natural gas and renewables to generate power, but the surge in demand could push up natural gas prices and make […]

US railroad NS expects coal exports to rise

Eastern US railroad Norfolk Southern (NS) expects coal volume to rise in the back half of 2023 as strength in export markets offsets weaker utility demand. The railroad expects production at NS-served coal mines to rise to meet export demand, which may increase shipments. But NS forecasts that seaborne coal prices may drop Utility coal […]

US Hampton Roads coal exports rose again in June

Coal export loadings at Hampton Roads, Virginia, rose again in June, with two of the region’s terminals handling more coal than a year earlier. A little over 2.9mn short tons (2.63mn metric tonnes) of coal was loaded at the port last month, the Virginia Maritime Association estimates. That was up from 2.62mn st in June […]