Europe coal terminal stocks rise to 1-month high
Combined coal inventories at key northwest European import terminals have risen to a one-month high of 7.1m tonnes as port operations slowed over the holiday season but vessel arrivals remain strong, sources said.
Stocks at the four Amsterdam, Rotterdam and Antwerp (ARA) dry bulk terminals were more than 70% higher on the year and only marginally below early December’s multi-year high of 7.2m tonnes.
This in part reflects the fact that record-low river levels in recent months have hindered inland barge shipments to coal-fired plants.
A source at one large terminal said that although barges were now operating without hindrance, the workforce at ports had been thin over the Christmas and New Year holiday period.
“[Vessel] arrivals have also been strong,” he said.
Of the total figure, inventories at Rotterdam’s key EMO terminal were seen at 3.8m tonnes, while the port’s smaller EBS terminal had 285,000t.
Nearby, Amsterdam’s OBA terminal had 2.25m tonnes in stock, while Ovet’s Vlissingen terminal, near Antwerp, had 770,000 tonnes.
Montel reported earlier RWE had cancelled a five-month warning of disruptions in coal supply deliveries via barges to its coal-fired units Gersteinwerk and Westfalen near the river Rhine in Germany.