This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Norfolk Southern Coal Vessel Loading Is Virginia's Largest. Period.

NORFOLK, Va., Sept. 18, 2013 /PRNewswire/ -- Norfolk Southern's (NYSE: NSC) Pier 6 at Lamberts Point again has loaded a record amount of coal into a single ocean-going vessel.

Yesterday, Sept. 17, Norfolk Southern employees finished loading 166,840 net tons, or 151,356 metric tons, of metallurgical coal into the 984-foot M/V China Pioneer, which departed at high tide for Liuzhou Iron and Steel in China, by way of Trinidad. That's a record for Pier 6 and for the entire Port of Hampton Roads, and it comes just as Pier 6 acknowledges its 50th anniversary today.

The coal was shipped by Integrity Coal Sales International in 1,561 railroad coal cars. Anders Williams Resources Inc. was the ship agent/broker.

NS set its previous Pier 6 record Jan. 12, 2013, by loading 159,941.45 net tons into the M/V Cape Dover.

The previous Port of Hampton Roads record was set Feb. 9, 1992, when Dominion Terminal Associates loaded 163,765 net tons into the M/V Ormond.

"The fact that this new record comes at Pier 6's 50th birthday is a big exclamation point," said Mark H. Bower, NS group vice president, export, metallurgical, and industrial coal marketing. "It again demonstrates that NS and our production and sales partners are the experienced, safe, and reliable team for getting American coal to the world's utilities and coke plants."

Norfolk Southern has been transferring coal and coke from railroad cars into ocean-going export and domestic vessels in the Lamberts Point area since 1884, when it opened Pier 1. In the first half of the 1900s, new Piers 2-5 featured improvements in speed and capacity and even loaded coal into a number of famous vessels, such as those used in Admiral Byrd's 1933 Antarctica expedition.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,986.65 -48.28 -0.27%
S&P 500 2,102.30 +1.90 0.09%
NASDAQ 5,020.2970 +25.6950 0.51%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs