Strengthening China Coal Demand Lifts Largest Shipping Costs

Bloomberg reported that charter rates for boats that ship coal are up on increased coal demand from China.

The market news is quoted as saying:

“You still have unbelievable strength in the thermal coal market,” Jeffrey Landsberg, president of New York-based shipping analysts Commodore Research & Consultancy, said by phone. That has helped demand for capesize ships the most because they are cheaper than other vessels, he said.

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