Coal exports from terminals in Virginia's Hampton Roads area amounted to 1.96 million st in June, the most affordable in more than 6 years, Virginia Maritime Organization information 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 very first time quantities dipped below 2 million st since 1.997 million st in May 2009 and also were the lowest since 1.73 million st in April 2009.
The organization does not discuss its monthly numbers, but reduced seaborne costs for both thermal and also metallurgical coal continue to restrict exports.
While US coal exports came to a head in 2012 at 125.7 million st, they are expected to complete just 87 million st in 2015, according to the most up to date price quote from the US Power Info Administration, down 10 million st from 2014.
EXPORTS DOWN FROM PRIOR MONTH AT MANY TERMINALS
Lambert's Factor, also referred to as Pier 6, in Norfolk, exported 756,235 st in June, down 30.5% from the previous month and also 51.6% from the year-ago month.
ATMP na5 , which is possessed and also operated by Norfolk Southern, has exported 6.2 million st in 2015, down 34.5% from the exact same duration in 2015.
Pier IX, based in Newport Information, and also which is possessed as well as operated by Kinder Morgan, exported 528,239 st in June, up 37.4% from the previous month, but 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 to in 2015.
Preeminence Terminal Associates, likewise based in Newport News as well as owned 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 actually exported 5.5 million st, down 30.3% from the exact same period in 2015.
With June, the combined terminals have actually exported 15.6 million st, down 34.1% compared with the very same duration in 2015.
Coastwise deliveries from the three terminals amounted to 15,632 st in June, down 0.6% from the prior month and also 81.6% from the year-ago month. For the year, coastwise shipments total 404,539 st, down 44.7% from last year.