Coal Exports Estimated to Drop 6% Due to Baltimore Bridge Collapse -- WSJ

Dow Jones04-10

By Ryan Dezember

U.S. coal exports are likely to decline 6% this year compared to last following last month's bridge collapse in Baltimore, federal energy forecasters estimate.

The fallen bridge blocking two coal export terminals at Baltimore's port is expected to cut U.S. exports by a third this month and 20% in May, the Energy Information Administration estimates.

Shipping terminals owned by miner Consol Energy and railway CSX that are upstream from the collapsed span accounted for about 28% of exports, according to government data.

We expect U.S. coal exports to recover toward the end of the summer or early fall, but there is significant uncertainty based on the timeline for the port reopening and how quickly exporters can adjust to export through alternative ports, EIA Administrator Joe DeCarolis said in a report Tuesday.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 09, 2024 14:00 ET (18:00 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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