Economic Times reported that wetter than normal weather in recent months has slowed coal shipments from one of the main producing regions in Indonesia, the world’s top thermal coal exporter, according to weather data, brokers and analysts, supporting prices of the fuel.
Thomson Reuters Eikon data shows the cumulative rainfall in the province of South Kalimantan this year was 37% higher than average as of July 10, and 27 % more than average in East Kalimantan.
Queues of dry bulk vessels in those two provinces were also higher than average, after rains turned hauling roads into mud, disrupting coal loading, according to Eikon shipping data.
A Singapore based shipping broker said that “It’s been fairly slow in the last couple of weeks,” referring to Indonesian coal exports, adding there were “literally no cargoes moving out of Indonesia” last week.Read More
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