Allegiance Coal sells second Black Warrior cargo
Published by James Little,
Editorial Director
World Coal,
Allegiance Coal Ltd (Allegiance or the Company) refers to its prior announcement dated 5 November 2021 relating to the first sale of Black Warrior coal on the seaborne market. The sale was an 80 000 t cargo to an Asian buyer for a 1 – 10 December 2021 laycan ex-McDuffie Coal Terminal, Port of Mobile.
The buyer recently requested the cargo to be delayed into 1Q22. Allegiance agreed to a later delivery date and it is anticipated a new laycan will be set for late February 2022.
In the meantime, Allegiance was able to sell Black Warrior inventory built up from October and November production to a major international commodity trading house, at a similar price to the first sale, for a 1 – 10 January 2022 laycan ex-McDuffie Terminal. The sale is for 55 000 t of Black Warrior coal sharing an 80 000 t vessel with the trading house.
Read the article online at: https://www.worldcoal.com/coal/30122021/allegiance-coal-sells-second-black-warrior-cargo/
You might also like
Wind Challenger-equipped Coal Carrier achieves significant fuel savings
MOL’s Shofu Maru, the world’s first coal carrier equipped with the Wind Challenger propulsion system, has reported an average reduced daily fuel consumption of up to 17% and 5 – 8% per voyage.