Western Export Market Dead As LAXT Closes

摘要

The Los Angeles Export Terminal (LAXT) has shut its coal shipping business and is in the process of dismantling the facility itself, a representative for the facility said this week, marking the end of an expensive effort to play a role in the Pacific coal market LAXT will go out of business and is in the process of selling its remaining petcoke assets to Oxbow Carbon & Minerals, a transaction the terminal hopes to complete in the next 60-90 days. Petcoke shipping from the facility, which amounts to roughly 1.8-2 million tonnes/year, became the terminal's leading business in recent years as coal volumes declined, despite competition from the nearby Port of Long Beach, which also ships petcoke.