SUEK declared force majeure due to fire in Vanino port

On October 11, 2021 SUEK’s Daltransugol terminal at Vanino port suspended handling of coal due to the fire at the terminal. A conveyor belt was damaged by the fire, which made it impossible to load vessels at the port.

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SUEK declared force majeure a day after the fire. Stepan Solzhenitsyn, CEO of SUEK, stated that the terminal continues to receive coal by rail on schedule, the disruption relates only to the vessels loading. “There is indeed a delay in loading by several days. We will catch up later”, – Solzhenitsyn said.

With ongoing repairs underway, the terminal is expected to resume loading vessels next week. However, loading capacity is going to remain limited for some time and a return to full operations may take up to a month.

Located in the Russian Far East, Daltransugol is owned by SUEK and is capable to export up to 24 mio t of coal per year. In Jan-Sep 2021, coal handling volumes of the port amounted to 15.3 mio t (-2.3 mio t or -13% y-o-y).

Source: CAA Analytics