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Hampton Roads June coal exports slide to lowest complete considering that 2009

Coal exports from terminals in Virginia's Hampton Roads area totaled 1.96 million st in June, the most affordable in more than six years, Virginia Maritime Association data showed Wednesday.

Export volumes for June were down 20.1% from May and also down 47% from the year-ago month.

The June figure was the first time volumes dipped below 2 million st since 1.997 million st in May 2009 as well as were the most affordable given that 1.73 million st in April 2009.

The organization does not talk about its regular monthly numbers, however reduced seaborne costs for both thermal and metallurgical coal continue to limit exports.

While United States coal exports peaked in 2012 at 125.7 million st, they are anticipated to total simply 87 million st in 2015, according to the latest quote from the US Energy Information Management, down 10 million st from 2014.

EXPORTS DOWN FROM PRIOR MONTH AT A LOT OF TERMINALS

Lambert's Point, additionally referred to as Pier 6, in Norfolk, exported 756,235 st in June, down 30.5% from the prior month and also 51.6% from the year-ago month.

ATMP , which is possessed as well as operated by Norfolk Southern, has exported 6.2 million st in 2015, down 34.5% from the very same period last year.

Pier IX, based in Newport Information, and which is possessed as well as run by Kinder Morgan, exported 528,239 st in June, up 37.4% from the previous month, yet down 55% compared with the year-ago month.

For the year, Pier IX coal exports amount to 3.86 million st, down 38.4% compared with in 2015.

Dominance Terminal Associates, also based in Newport News as well as possessed by Arc Coal, Peabody Power and also Alpha Natural Resources, exported 670,696 st in June, down 31.3% from last month and 29.6% from the year-ago month.

For the year, the terminal has exported 5.5 million st, down 30.3% from the same duration in 2015.

Via June, the combined terminals have exported 15.6 million st, down 34.1% compared to the very same duration in 2015.

Coastwise deliveries from the three terminals amounted to 15,632 st in June, down 0.6% from the previous month and 81.6% from the year-ago month. For the year, coastwise deliveries amount to 404,539 st, down 44.7% from in 2014.
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