Westshore coal terminal uncertain due to lower Teck, Cloud Peak exports [Seeking Alpha]
CLOUD PEAK ENERGY (CLD)
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Source: Seeking Alpha
Westshore coal terminal uncertain due to lower Teck, Cloud Peak exports - Cloud Peak Energy Inc. (NYSE:CLD) | Seeking Alpha Energy Westshore coal terminal uncertain due to lower Teck, Cloud Peak exports Mar. 25, 2019 6:22 PM ET | Cloud Peak Energy Inc. (CLD) Carl Surran Canada's largest coal export terminal faces an uncertain future TECK Teck, Westshore Terminal's ( OTCPK:WTSHF Seaport says Teck could increase its Neptune exports up to 16M mt/year from 7M mt in 2018, encouraged by cheaper rates at Neptune, increased negotiating leverage provided by an alternative terminal option and assurance that Teck vessels will not have to wait behind other companies' coal vessels. CLD exported 4.6M mt through Westshore in 2018 but Seaport thinks it is reasonable to assume the terminal's contracts may not survive a potential CLD bankruptcy. Click to subscribe to real-time analytics on CLD Now read: Westshore Terminals Investment Faces 2 Immediate Problems » Subscribe
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