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Firm Indian coal imports have been the main driver of higher Panamax rates, and this is expected to continue as India's government plans heavy infrastructure investment that will support domestic coal demand. The article covers Panamax vessel owners' outlook.
Sustained Indian coal demand keeps panamax tonnage booked, supporting ocean freight rates that raise the cost of imported feed grains and meals.
worldcargonews.comWCN EditorialAug 24, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
