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Coal exports rising, will continue: Westshore

CANADIAN exporter Westshore Terminals said it ended its third quarter with an increase in coal lo...

Donna Schmidt

According to its performance report, submitted to government officials, the facility’s third-quarter coal loading revenues were $C78.4 million, a 2% increase year on year and a spike of nearly 18% over the second quarter.

Income totalled $29.5 million, up more than 5% year on year.

Its loading rate in the period was $9.52, a 2% rise over the previous quarter and the same period of 2012.

In all, Westshore handled 8.2 million tonnes. Of that, 37% was thermal and 62% was metallurgical.

The total was the same as the second quarter, though the split was 60% met and 40% thermal during that period.

In the comparable 2012 quarter, the terminal handled 7.1Mt, 58% met and 41% thermal.

In the report Westshore officials said that considering the facility’s run rate and including anticipated shipments, it expected it would export about 30Mt this year.

In 2012 it exported 26.1Mt.

Westshore Terminals, the largest coal exporting terminal in North America, has a 33Mt annual capacity and its pace is projected to continue due to fixed-rate contracts that run through 2021 in some cases.

Teck, Cloud Peak and Signal Peak are just three of the producers that work with Westshore Terminals.

BNSF, Canadian National and Canadian Pacific all have rail into the facility.

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