India: Coal vessel freight rates remain firm w-o-w despite lack of fixtures

India's coal vessel freights remained steady w-o-w due to a lack of fixtures during holidays. Shipowners were out of the market during New Year celebrations, leading to minimal cargo bookings and limited vessel movements. Asia-Pacific Panamax dry bulk (70,000-75,000 t) freights for coal vessels from Hay Point to Paradip stayed unchanged w-o-w at $11.5/t on 2 Jan'25, as per BigMint's assessment.