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Bridge Disaster Leaves Some US Coal Exporters With Few Options

From bnnbloomberg.ca

The catastrophic shipping accident that’s choked off Baltimore harbor is leaving few options for some US coal exporters, with Consol Energy Inc. facing the biggest threat to its operations. “Consol has the biggest exposure to this incident,” said Sandeep Sama, a senior analyst with Moody’s Ratings. Baltimore’s port was shut down after a cargo ship slammed into the Francis Scott Key bridge early Tuesday morning, killing six people. As of Thursday, the wreckage of the bridge is still in the water, curtailing shipping to the Consol Marine Terminal about three miles (five kilometers) upstream. The terminal is a key asset ... (full story)

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  • Category: Fundamental Analysis