Coal demand surge before winter – driving freight rates higher

India’s pre-winter coal stocking cycle is creating a seasonal boost for seaborne coal trade, supporting Panamax and Supramax freight rates. With limited new tonnage entering the market and competing cargoes like grains and iron ore absorbing capacity, rates are expected to stay firm through Q4 2025. As India’s thermal power plants stock up ahead of the winter season, coal imports […]