Tag: Coal Freight
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India: Coal vessel freights head south w-o-w amid thin fixtures
Weak coal demand leads to vessel oversupply Baltic Panamax Index drops 239 points w-o-w Coal freights in India decreased w-o-w amid weak demand and limited fresh cargo inquiries in the Pacific region. With trading activity thin and prompt loading cargoes lacking replenishment, shipowners faced difficulty securing fixtures at previously higher levels. An oversupply of available…