Murray Energy asks court to reject export contract with Convent Marine Terminal

摘要

Charlottesville, Virginia—Murray Energy has asked a bankruptcy court to allow it to reject a contract with a marine terminal in Louisiana that facilitates exporting the company’s coal abroad. Murray Energy, which filed a Chapter 11 bankruptcy petition Tuesday, said challenging river conditions along the Mississippi River increased costs and caused use of the Convent Marine Terminal to become “completely uneconomical.” In addition to a decline in domestic coal markets, Murray Energy and other coal producers have struggled as export demand for US coal retreated significantly in recent months.