Tag: South Korea: KEPCO secures Panamax vessel for July Newcastle coal shipment

Australian cargo supports vessel demand Longer haul route boosts tender levels South Korea’s state-owned utility Korea Electric Power Corporation (KEPCO) remained active in the seaborne coal market, fixing a Panamax vessel for an Australian thermal coal shipment, with the longer voyage distance resulting in significantly higher freight levels compared with recent Indonesia-origin fixtures. In its…