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SunCoke's Convent Marine Terminal temporarily suspends loading large vessels

SunCoke Energy Partners LP has temporarily suspended loading Panamax-sized ships or larger at its Convent Marine Terminal due to high waters in the Lower Mississippi River in Louisiana, the company confirmed March 11.

The terminal remains open and continues to receive trains and vessels, but suspended larger ship loading "to maintain safe loading during the current high water river conditions," said a company spokesperson in an email.

The terminal is one of the largest on the Gulf Coast and has 15 million tons worth of throughput capacity and 1 million tons of ground storage capacity, according to its website.

Clarksons Platou Securities analyst Jeremy Sussman said if the terminal is closed for a few weeks, it would have "a little bit of an impact on exports," especially Illinois Basin thermal coal, and help tighten the market "a modest amount," but it is a far cry from a larger port, such as Australia's Port of Newcastle, suspending shipments.

"It's impactful, but it's not a huge needle-mover," he said.