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A surge in Indian energy demand and a drawdown of domestic coal stocks over recent months is the latest feature likely to add more strain to a booming bulk sector where rates, especially for larger vessels, continue to climb.
The Great Eastern Shipping bulk carrier Jag Anand and its 23 Indian crew are finally be allowed to leave the Chinese port of Jingtang where they have been stranded with a cargo of Australian coal since June last year. However, while the Jag Anand...
Japan’s Mitsui OSK Lines (MOL) has signed a transportation deal with compatriot Tohoku Electric Power to use a coal carrier equipped with hard sail wind power propulsion system.
A nascent dry bulk shipping recovery has lost steam following a fall in Chinese coal demand and a second round of Covid-19 lockdowns in Europe, despite strong demand for iron ore.