Baltimore Bridge Collapse: 'Baltimore Bridge accident may deepen coal crisis in India', experts expressed apprehension

Posted on 27th Mar 2024 12:51 pm by rohit kumar

The collapse of the Francis Scott Bridge in Baltimore, USA is echoing across the Indian coal and pet coke markets. This has raised concerns about disruption in supply chains and impact on prices. A ship collision has suspended operations through Baltimore Harbor, an important hub for coal exports, according to S&P Global Commodity Insights.

 

India, a major importer of US thermal coal, is facing challenges in its supply chain after the bridge collapse. According to a US-based trader, the incident is expected to restrict shipments of Arc Coal and create logistics bottlenecks for Indian importers.

 

 

"This incident will restrict NAPP shipments from Arc Coal and create many supply chain problems for India. This will have an impact on thermal coal in Europe. It will have a big impact on India. Petcoke prices," a broker told S&P. It looks like a bounce!”

 

However, Indian market traders have mixed views about the impact on pricing. An Indian businessman said, "It will take 6-7 days for the authorities to assess how much debris is there from the incident and how much draft is accumulated. Because if the draft is less then it can be a problem. It will take 10-15 days for the authorities to clear the debris. "It may take days, so this means there will be no movement of ships during this period." The Port of Baltimore is a major loading location for US thermal coal exports. It plays an important role in meeting the energy demands of India.

 

Also Read: Arvind Kejriwal Arrest: Will Kejriwal leave the post of CM or run the government from jail? These Chief Ministers left the chair before their arrest

Other news

T20 WorldCup: Australian team announced for T20 World Cup, Marsh captain, McGurk and Steve Smith did not get a place

After India, New Zealand, South Africa, England, and Afghanistan, now Australia has als

Where did Tahawwur Rana spend his first night? What has happened to the terrorist since he arrived in India?

Mumbai terror attack mastermind Tahawwur Rana was finally brought to India on Thursday evening. R

Now it will be impossible to occupy Waqf properties, every penny of the property will be recorded on the 'Umeed Portal'

The Central Government has notified the 'Integrated Waqf Management, Empowerment, Efficiency and

HMPV Virus: So far 6 cases of HMPV have been reported in the country, what are the symptoms of the virus? Know everything in 10 points.

HMPV Virus: The HMPV virus that came from China has increased India's concern. Human Metapneumovi

Lok Sabha Election 2024: Consensus reached in MVA on seat sharing in Maharashtra, know who will contest on how many seats

Seat sharing has been announced in Mahavikas Aghadi. In Maharashtra, Shiv Sena (Uddhav faction) w

Mahavatar Narsimha: 'Mahavatar Narsimha' turned out to be the father of the Marvel Universe,

Make a film that leaves a lasting impression on the minds and hearts of the audience. Something s

Mahakumbh 2025: Every devotee spent an average of 45 minutes at the bathing ghats of Sangam, revealed by the RF wrist band

The data collected through radio-frequency wristbands revealed that each devotee visiting Prayagr

'These people with a Jihadi mindset...' Abhinav Kashyap makes a big statement on Salman Khan's family, calling Arbaaz a 'donkey thief'

Salman Khan and his family are once again embroiled in controversy, thanks to a major statement b

PM Modi: Prime Minister Modi has a deep relationship with Tamil Nadu, 32 years old pictures surfaced

When Prime Minister Narendra Modi often talks about his old connection with a place, it has a dee

Sharad Pawar's pomegranate-like meeting with PM Modi has created a stir in the political corridors; many meanings are being drawn.

Veteran Maharashtra leader Sharad Pawar met the Prime Minister in Delhi on Wednesday along with t