India: Coal vessel freight rates fall w-o-w as trades remain muted
India's coal vessel freights fell w-o-w on lower demand. Inquiries remained limited ahead of the Diwali festival. South African coal demand has also remained sluggish weighing on trades. Freights from Hay Point Port to Paradip stood at $15.08/dmt, down $0.2/t w-o-w, while from the Richards Bay Coal Terminal (RBCT) rates to Paradip were at $14.11/t, down $0.05/t w-o-w, as per BigMint data.