Coal exports soared in Hampton Roads last year

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 […]

Coal still king in Hampton Roads despite container growth

On a sunny late summer morning, three ships lined the private coal terminals in Newport News, Va. At least a dozen more colliers waited their turn from a nearby anchorage. Right on cue, two McAllister Towing tugboats arrived at Dominion Terminal Associates (DTA) to assist one ship off the pier and make room for another. […]

Hampton Roads coal exports climb

Coal exports out of Hampton Roads, Virginia, climbed by 20.2pc in October, rebounding from the port’s first drop in nearly two years. The port’s terminals handled 3.71mn short tons (3.37mn metric tonnes) of coal last month, up from 3.08mn st a year earlier, according to the Virginia Maritime Association. That brought year-to-date shipments up to […]

Domestic, seaborne demand bolster Consol sales forecast

Consol Energy anticipates selling more coal this year than it previously expected, as seaborne and domestic demand continue to support US producers. The Appalachian producer raised its 2018 outlook to 26.9mn-27.5mn short tons (24.4mn-24.9mn metric tonnes) from a previous forecast of 26.4mn-27.4mn st. This was the third time the company has raised its sales projections […]

West Coast military installations eyed for US fuel exports

The Trump administration is considering using West Coast military installations or other federal properties to open the way for more U.S. fossil fuel exports to Asia in the name of national security and despite opposition from coastal states. The proposal was described to The Associated Press by Interior Secretary Ryan Zinke and two Republican lawmakers. […]

Alabama’s Coal Industry Continues to Fuel the Expanding Port of Mobile

With the news breaking Monday that Alabama’s entire congressional delegation supports the proposed modernization and expansion – including major deepening and widening – of the Port of Mobile, I am once again left in awe at what the Port – and its success – means for the entire state. It was a surprisingly cool summer […]

ANALYSTS EXPECT US COAL EXPORTS TO CONTINUE SURGING IN 2018

U.S. coal exports are expected to surge 10 percent in the next year, according to new forecasts by the Energy Department’s statistics arm. The U.S. Energy Information Administration (EIA) predicts that while coal production will fall one percent in 2018, exports will surge 10 percent above 2017. Coal exports were up 32 percent in the […]

Hampton Roads coal exports reach 4-year high

Coal exports out of Hampton Roads, Virginia, set a new four-year high in August after slumping the previous three months. The port’s terminals handled 4.29mn short tons (3.89mn metric tonnes) of coal last month, up from 2.89mn st a year earlier, according to the Virginia Maritime Association. The last time the terminals handled more coal […]

Hampton Roads coal exports well off April high

Coal exports out of Hampton Roads, Virginia, fell again in July, extending a slide that has pushed shipments out of that key port down 19pc from a four-year high set in April. The port’s terminals handled 3.43mn short tons (3.11 metric tonnes) of coal last month, down from 3.56mn st in June and from 4.26mn […]

U.S. coal producer Foresight increases 2018 export target

Foresight Energy today increased its 2018 export target by 21pc after a stronger than expected second quarter. The Illinois basin coal producer now expects to ship at least 8.5mn st (7.7mn metric tonnes) internationally this year, up from its previous projection of 6.5mn st. Foresight also increased the low end of its sales guidance for […]