India’s coal import decision to reverse 10% YTD drop and add tonne miles
In a notice released on 5 May 2022, India’s Ministry of Power instructed all power plants to increase their imports of coal. Specifically, the Ministry demands that power plants designed to run on domestic coal start importing at least 10% of their requirements.
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Posted:
12 May 2022
BIMCO's Shipping number of the week
- BDI still down 10% despite recovery in capesize demand
- Coal shipments to advanced economies heading for a 15-year low
- Container ship deliveries hit new record of 2.5 million TEU
- Attacks on ships in Ukraine threaten 1% of dry bulk market
- Jet fuel shipments up 11% as airline traffic now exceeds pre-COVID levels
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