Marine fuel rules will challenge US coal exports

Marine fuel rules will challenge US coal exports

Coal traders will face higher freight costs starting later this year, as shippers gear up for tighter marine fuel standards in 2020, participants said at an industry conference. The International Maritime Organization’s changes, which will cut sulfur limits in marine fuel to 0.5pc from the current 3.5pc starting on 1 January 2020, will push shippers’ […]

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 […]

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 […]

Hampton Roads coal exports slipped in November

Coal exports out of Hampton Roads, Virginia, fell for the second time in three months in November, data from the Virginia Maritime Association show. Terminals at the port handled a little under 3.11mn short tons (2.82mn metric tonnes) last month, compared with 3.37mn st a year earlier. The association did not explain why shipments had […]

Asia, Europe push US exports higher

US coal exports reached their highest level in six months in October, propelled by steady trading with Asia and Europe. International shipments climbed to 10.7mn short tons (9.69mn metric tonnes) from 9.13mn st a year earlier, data released today from the US Census Bureau show. That was the highest level of exports since April, when […]

US met coal exports total 5.29 million mt in October: US Census

US metallurgical coal exports in October totaled 5.29 million mt, up 42.8% from the prior month and up 25.2% from the year-ago month, according to data released Thursday by the US Census. It was also the second-highest total this year, behind 5.34 million mt in April. Top met coal export destinations in October were Japan, […]

Exports drive Appalachian coal production, prices

Coal production across the Appalachian basins rose in the third quarter following gains in seaborne demand. Production in northern, central and southern Appalachia climbed by 4.6pc to 48.7mn short tons (44.2mn metric tonnes) in the quarter, from 46.5mn st the year before, according to data from the Mine Safety and Health Administration. Around 40pc of […]

US thermal coal exports jump to five-year high in September: Census

Houston — Due to a sharp decline in metallurgical coal exports, as well as a near weeklong disruption at the Port of Virginia from Hurricane Florence, US coal exports fell to a six-month low 8.6 million mt in September, down 5.7% from 9.12 million mt in August, but were capped off by thermal exports, which […]

US Hampton Roads coal exports jump 20% on month to 3.71 mil st in October

Coal exports out of the terminals in the Hampton Roads region in Virginia were at 3.71 million st in October, up 20.2% from the eight-month low 3.09 million st in September, Virginia Maritime Association data showed Friday. The October total was also up 20.3% from 3.08 million st in the year-ago month and the highest […]

US thermal coal exports reach 5.5-year high

US thermal coal exports jumped to their highest level in five-and-a-half years in September. Just under 5.4mn short tons (4.9mn metric tonnes) of steam coal left US ports during the month, the most since March 2013. That was 7.5pc higher than September 2017’s 3.54mn st. The increase follows a resurgence in demand and prices in […]