# Indian coal import surge buoys Panamax owners ‣ WorldCargo News

> 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.

- Date: 2019-08-24 · published 2019-08-24T12:00:00.000Z
- Category: logistics · region India · magnitude low
- Page: https://feedsoft.ai/events/57779-indian-coal-import-surge-buoys-panamax-owners-worldcargo-news
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sustained Indian coal demand keeps panamax tonnage booked, supporting ocean freight rates that raise the cost of imported feed grains and meals.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- worldcargonews.com: https://www.worldcargonews.com/dry-bulk-shipping/2019/08/indian-coal-import-surge-buoys-panamax-owners/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.