The time charter equivalent rates (TCE) on Kamsarmax class bulkers trading in Southeast Asia have almost doubled over the past month hitting a 13-month high as China is increasing its dependency on Indonesian coal while indicating that it may open up its borders for more imported coal. The slowing down of Australian coal movement into …
The post \DRY BULK\: Southeast Asia Kamsarmaxes at 13\-month high as China ups preference for Indonesian coal\<\/a\> first appeared on \Hellenic Shipping News Worldwide\<\/a\>.