India: Dry bulk coal freights remain firm w-o-w on firm bunker prices, tight tonnage supply

Dry bulk coal freights to India for Supramax and Panamax remained largely steady w-o-w, with marginal gains on select routes, supported by firm bunker prices and limited vessel supply. Overall fixture activity stayed weak due to subdued cargo enquiries and thin volumes. Indian Ocean activity remained muted, with cautious market participation and only one fixture reported on the Australia-India route.