BALTIMORE - In the early hours of today, a container ship collision with the Francis Scott Key Bridge in Baltimore resulted in the bridge's collapse. The ship involved was not related to CONSOL Energy Inc (NYSE:CNX). or its operations at the CONSOL Marine Terminal. The incident has prompted the Coast Guard to establish a safety zone, affecting vessel movements at the terminal.
The safety zone, encompassing a 2,000-yard radius around the bridge, has led to significant delays in vessel traffic to and from the CONSOL Marine Terminal, situated in the Port of Baltimore. The company is actively collaborating with the Coast Guard and local authorities to reinstate safe vessel passage and resume standard terminal operations. Still, CONSOL Energy (NYSE:CEIX) has not yet provided a specific timeline for when normal activity will recommence.
CONSOL Energy has expressed its deep concern for the well-being of those affected by the bridge collapse and is exploring all options to mitigate the incident's direct and indirect consequences on its business. The company has also conveyed its sympathies to the Baltimore community and the emergency responders involved in the crisis.
The press release includes forward-looking statements regarding CONSOL Energy's strategies to address the impact of the bridge collapse on its operations, including potential measures such as increasing domestic shipments and invoking force majeure clauses in contracts.
While these statements reflect the company's current plans, they are subject to various risks and uncertainties that could cause actual outcomes to differ from those projected.
This news article is based on a press release statement from CONSOL Energy Inc.
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