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European coal terminals near full capacity - Report

Coal News - Published on Fri, 24 May 2019

Image Source: New Scientist
Montel reported that coal inventories at northwest European import terminals are nearing full capacity amid slack generation demand, with some spot vessels now being turned away. A mild winter coupled with high levels of renewable power generation and a utility preference for gas, due to more attractive generation margins, has resulted in the bulging port stocks. Stocks at four key Amsterdam, Rotterdam and Antwerp dry bulk terminals were assessed this week at 7m tonnes, marginally below early April’s multi-year high of 7.27m tonnes, but nearly 50% higher on the year.

A source at one terminal said that “We are having to turn down enquiries for further spot deliveries. There is only some limited space remaining for planned deliveries.”

A source at another terminal said there was potentially around 1 million tonnes of inventory space remaining at ARA hubs, but most of this was already committed.

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Posted By : Sanju Moirangthem on Fri, 24 May 2019
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