Coal exports from terminals in Virginia's Hampton Roadways area completed 1.96 million st in June, the most affordable in greater than six years, Virginia Maritime Association data showed Wednesday.
Export quantities for June were down 20.1% from May as well as down 47% from the year-ago month.
The June figure was the first time volumes dipped listed below 2 million st considering that 1.997 million st in Might 2009 and also were the lowest given that 1.73 million st in April 2009.
The organization does not discuss its month-to-month figures, yet reduced seaborne rates for both thermal and also metallurgical coal continue to restrict exports.
While United States coal exports came to a head in 2012 at 125.7 million st, they are expected to complete simply 87 million st in 2015, according to the most up to date estimate from the United States Power Information Administration, down 10 million st from 2014.
EXPORTS BELOW PRIOR MONTH AT MOST TERMINALS
Lambert's Factor, likewise referred to as Pier 6, in Norfolk, exported 756,235 st in June, down 30.5% from the previous month as well as 51.6% from the year-ago month.
The terminal, which is owned as well as run by Norfolk Southern, has exported 6.2 million st in 2015, down 34.5% from the same period last year.
Pier IX, based in Newport News, and which is owned and also operated by Kinder Morgan, exported 528,239 st in June, up 37.4% from the previous month, yet down 55% compared to the year-ago month.
For the year, Pier IX coal exports amount to 3.86 million st, down 38.4% compared with in 2015.
ATMP na5 , likewise based in Newport News and had by Arch Coal, Peabody Energy and Alpha Natural Resources, exported 670,696 st in June, down 31.3% from last month as well as 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 duration in 2015.
With June, the consolidated terminals have actually exported 15.6 million st, down 34.1% compared to the same period in 2015.
Coastwise shipments from the 3 terminals totaled 15,632 st in June, down 0.6% from the prior month and 81.6% from the year-ago month. For the year, coastwise deliveries total 404,539 st, down 44.7% from last year.