Bulk coal vessel freight rates to India remain largely stable w-o-w

Coal vessel freight rates remained largely stable this week. Notably, weak buying interest from Indian coal buyers and weather disruption amid monsoon season in Indian Ocean pressurise freight rates. Shipowners are also showing reluctance due to sufficient ships availability and weak demand of cargoes. Coal stocks at Indian ports were recorded at 14.45 mnt, stable w-o-w, as per BigMint data.