Tag: Coal vessel freight
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India: Coal freight rates head north w-o-w amid tight vessel supply
Declining thermal coal inventories drive imports Baltic Panamax Index surges by 370 points w-o-w Coal freights in India rose w-o-w amid a surge in imports due to rising power demand, tighter vessel availability, and stronger Pacific market fundamentals. Firm demand for Panamax vessels in the Asia-Pacific region, coupled with competition from other bulk commodities like…