Tag: Yahoo Finance

Improved Ocean Freight Results Boost Maersk’s 2019 Outlook

In a rare bit of good news for container shipping, Maersk said full-year operating earnings will come in better than originally forecast. The Copenhagen-based company increased its forecast thanks to better-than-expected performance in its ocean freight segment. Despite lower freight rates and slower global demand growth, ocean freight's results were "driven by strong reliability and capacity management combined with lower fuel prices." Maersk also said it saw improved margins in the terminal and towage business....

Coal Baron Near Default Rips ‘Feckless’ Feds, While Asking State for Aid

(Bloomberg) -- With his coal company on the verge of default, Robert Murray is making another play for government aid. This time he’s reaching out to the states.The U.S. coal industry is threatened with “extinction,” Murray said Monday at a conference in Kentucky hosted by the Federal Energy Regulatory Commission. He called on state lawmakers to limit the number of coal-fired power plants that are permitted to shut down, saying they are needed to underpin the reliability of the nation’s power grids.His plea comes after FERC last year rejected the Trump administration’s call to aid struggling coal and nuclear power plants. The founder and chief executive officer of Murray Energy Corp. blasted the agency during the conference as “feckless,” saying its inaction poses a threat to national security.“We have already closed far too many coal-fired plants, and our mines,” Murray said. “FERC has done nothing to really stop the destruction of...