Sunday, May 22, 2022
HomeBreaking NewsDry Bulk Market: India’s Coal Imports a New Factor

Dry Bulk Market: India’s Coal Imports a New Factor

India’s urge to increasse coal imports, could prove a boon for the dry bulk market. In its latest weekly report, shipbroker Banchero Costa said that “according to a recent Reuters article, India’s government has urged its local officials to step up coal imports over the next three years to build up inventories. The decision to boost imports underscores the severity of India’s fuel crisis as coal inventories are at the lowest pre-summer levels in at least nine years and electricity demand is seen rising at the fastest pace in nearly four decades. Also, the state-run rail network suffers a […]

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