Author: Indu Bhusan Nath

Globally, coal shipping freight rates have gone up, lifting the London-based Baltic Exchange’s main sea freight index to its highest in this year (since 9Jan’18) at 1,384 points on 4May’18 as rates for capesize and panamax shipping vessels have been climbing. The upward trend has been mainly driven by China’s insatiable appetite for coal, significantly…