India Coal Imports Jump 86% to 15-Month High as Heat Drives Power Demand
India’s power-sector coal imports surged 85.6% year on year to 5.52 million tonnes in August, the highest level in 15 months, as extreme heat, weaker hydropower and low plant inventories forced utilities to buy more expensive overseas coal. Indonesia supplied about 80% of the total, creating a fresh dry-bulk demand signal for regional Panamax and Supramax shipping.
Read article