Seaborne thermal coal trade to hit 1 bil mt in 2019 as new growth areas emerge

Seaborne thermal coal trade to hit 1 bil mt in 2019 as new growth areas emerge

Ho Chi Minh — A tenuous supply and demand balance is expected in the global seaborne thermal coal market in 2020 as trade dynamics shift and new growth areas emerge, speakers at the CoalTrans Conference in Vietnam said Tuesday. Seaborne trade for thermal coal, the most widely used fuel for generating electricity, is expected to […]

Consol executives see thermal coal export market improvement, tout positioning

Amid weakened export pricing, reduced domestic demand and a recent slew of bankruptcies, Consol Energy Inc. executives touted the coal miner’s position as a consistent force in the international market as well as its flexible financial situation to handle challenging market conditions. The price on thermal and metallurgical export coal has dropped significantly this year, […]

Canada’s Ridley Terminals July coal exports climb 12.9% on month, 13.2% on year

Houston — Coal exports from the Ridley Terminal in Prince Rupert, British Columbia, totaled 799,570 mt in July, up 12.9% from 707,925 mt in June and 13.2% from 706,639 mt in the year-ago month, according to data from the Prince Rupert Port Authority. The total, which combines metallurgical and thermal coal, was the third highest […]

Westshore Terminals Q2 coal exports reach highest level in past year: earnings

Houston — Thermal and metallurgical coal exports from Westshore Terminals near Vancouver, Canada, reached their highest level in four quarters during the second quarter of 2019, mainly due to an increase in met exports, the terminal’s earnings report said. Westshore, the largest coal export facility in North America, shipped 7.6 million mt in Q2, up […]

World News: Colombian coal output to fall this year: ACM

Colombia’s coal production may decline this year because of low prices, said Juan Camilo Nariño, the new director of the Colombian Mining Association (ACM). Thermal coal prices are at levels that make production from some mine pits unprofitable, Nariño said last week on the sidelines of a mining event organized by the Ministry of Mines […]

Coal ship departures from Baltimore climb on week to eight: cFlow

Houston — Eight laden coal ships departed from Baltimore in the week ended July 28, up from six in the previous week, according to cFlow, Platts’ trade flow software. Two of the departures are expected to stop in Norfolk, Virginia, while another is expected to head to Savannah, Georgia. An additional two ships are destined […]

TVA seeks 5.5mn st of coal through 2022

Tennessee Valley Authority (TVA) is seeking up to 5.5mn short tons/yr (5mn metric tonnes/yr) of coal for delivery in 2020-22. The federal utility issued a request for proposals (RFP) for 2mn st/yr of bituminous coal to be delivered to various locations, including its Cumberland and Kingston plants, in 2020-21. It also is seeking up to […]

There’s Still Life in Coal

International coal prices have fallen sharply over recent months. The spot free on board (FOB) price of coal shipped from Australia’s Newcastle export terminal stood at $72.50/t on 13 June 2019, 40pc below a peak of $120/t reached in July 2018. By the end of last year 30 countries had joined the Powering Past Coal […]

Canada agrees to sell Ridley Terminals to US investors

The Canadian government has agreed to sell the majority of Ridley Terminals to a company owned by US investment firms Riverstone Holdings and AMCI Group. The government said today that it has agreed to sell 90pc of its share in the terminal to Riverstone-AMCI for C$350mn (US$268mn). The remaining 10pc will be transferred to a […]

U.S., Canadian Coking Coal Exports Eye SE Asia

U.S. and Canadian coking coal exporters are eyeing emerging growth markets in southeast Asia with increasing interest, with some in early-stage discussions with buyers in Vietnam and Malaysia. Data from the U.S. Census Bureau does not show any coking coal going towards Vietnam or Malaysia historically. Canadian trade data show 497,408t of coking coal heading […]