Coal exports from Virginia’s Hampton Roads region totaled 2.77 million st in November, up 1.5% from the prior month but down 33.5% from the year-ago month, the Virginia Maritime Association said Thursday. While neither the association nor the individual terminals comment on monthly export data, the decline is attributed to weak overseas pricing for both metallurgical and thermal coal due to lower demand and global oversupply. For thermal pricing, Platts on Thursday assessed coal delivered to the ports of Amsterdam, Rotterdam and Antwerp (CIF ARA) at $71.95/mt (or $65.27/st), down nearly 14% from the start of the year. For US met coal, Platts assessed low volatile matter hard coking coal FOB East Coast on Thursday at $113/mt (or $102.51/st), down 13% from the start of the year. Lambert’s Point, which is owned and operated by Norfolk, Virginia-based Norfolk Southern, exported 1,371,040 st in November, […]