U.S. coal companies struggle to cash in on Europe crunch

Capt. John

U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in new mines. The outlook means the United States, which holds the world’s biggest reserves of coal, is unlikely to …

The post U.S. coal companies struggle to cash in on Europe crunch first appeared on Hellenic Shipping News Worldwide.

Author: Capt. John

https://www.hellenicshippingnews.com/u-s-coal-companies-struggle-to-cash-in-on-europe-crunch/

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