WASHINGTON: Coal exports from terminals in Virginia’s Hampton Roads region totaled 2.59 million st in January, up 25.3% from the prior month and up 40.3% from the year-ago month, according to Virginia Maritime Association export data released Monday. It was the highest monthly total since March 2015.
The increase is likely due to a number of deals booked late last year as higher international seaborne prices brought increased demand for US thermal and metallurgical coals. At the three individual terminals in Hampton Roads, Lambert’s Point, also known as Pier 6, exported 1.15 million st in January, up 22.3% from December and up 32.7% from last year.
