More than 500 bulkers hit by severe coal terminal congestion in Asia

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More than 500 bulkers hit by severe coal terminal congestion in Asia - Report

More than 500 bulkers hit by severe coal terminal congestion in Asia - Report

Reuters reported that severe port congestion both to load and unload coal is affecting more than 500 dry bulk vessels. Bottlenecks at import terminals across China and delays at loading ports in Indonesia's rain swept Kalimantan island are pushing the price of coal up in recent weeks. Spot cargo prices for Australian Newcastle coal have risen nearly 15% from lows in late November after China loosened import restrictions to help meet a winter f....

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