March 28 (Reuters) - Halted shipping traffic from the
Port of Baltimore, the second-largest U.S. hub for coal exports,
will slow the growth in U.S. coal exports and reduce bunker fuel
use, the Energy Information Administration (EIA) said on
Thursday.
Coal exports from the busy U.S. port have been disrupted
following the collapse of Baltimore's Francis Scott Key Bridge
which was struck by a massive cargo ship early Tuesday morning.
"Since the port is a major transit point for freight and
bulk vessels, we expect bunker fuel consumption to decrease,"
the EIA added.
Baltimore handled exports of 28 million short tons last
year, making up 28% of total U.S. coal exports and second only
to the Hampton Roads port in Norfolk, Virginia, according to
census data.
"An attractive feature of the Port of Baltimore is its
proximity to the northern Appalachia coal fields in western
Pennsylvania and northern West Virginia," the EIA said.
"Other nearby ports, most notably Hampton Roads, have
additional capacity to export coal, although factors including
coal quality, pricing, and scheduling will affect how easily
companies can switch to exporting from another port."
About 19 million short tons of the exports in 2023 were
steam coal, used to generate power and heat, and the remaining 9
million short tons were metallurgical coal, an ingredient in
steelmaking.
India was the top destination for steam coal over the last
five years, where the brick manufacturing industry is a major
customer, while metallurgical coal went to various Asian
countries including Japan, China, and South Korea, the EIA said.
Baltimore also imported 3,000 barrels per day (bpd) of
biodiesel in 2023, mostly from Central America and Western
Europe, alongside 4,000 bpd of asphalt from Canada and 2,000 bpd
of urea ammonium nitrate largely from Russia.
More widely used refined oil products are less affected, the
EIA noted.
(Reporting by Deep Vakil in Bengaluru
Editing by Ros Russell
)