Securities and Exchange Commission

Gateway Pacific Terminal: Unraveling the mystery of Peabody’s relationship with SSA Marine

Peabody cloud 600 revised

by Sandy Robson

News that Peabody Energy, the world’s largest publicly owned coal producer, had filed for bankruptcy protection, broke nationwide on April 13, 2016.

That news was of particular interest in Bellingham, Washington, because the Gateway Pacific Terminal (GPT), a 48 million metric ton per year coal export facility, is proposed for Cherry Point, in Whatcom County, and Peabody, in 2011, had reportedly agreed to be the first customer, looking to ship its Powder River Basin coal to Asia through the terminal. The GPT applicant, Pacific International Terminals (PIT), is a subsidiary created for the GPT project by SSA Marine, the world’s largest independent, privately-held marine terminal operator. (more…)

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