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.
The controversy over Diljit Dosanjh's recently released film 'Sardarji 3' is not stopping. The fi
US President Donald Trump and 20 other top world leaders will attend a peace summit on the Gaza i
The heat is scorching in Madhya Pradesh. The nights have also started getting hotter. In many dis
Continuous rains continue to wreak havoc in many cities of Maharashtra. The situation has gone fr
A day after the stampede at New Delhi railway station that claimed 18 lives, tight security has b
After the death and last rites of play school teacher Manisha, there is a sad atmosphere in the h
The Thackeray brothers have surprised everyone with a major decision in Maharashtra politics. Udd
The government has approved the Railway Board's proposal to increase the fare in long distance tr
Bhool Bhulaiyaa 3 is all set to rock the theatres this Diwali. The film's star cast is busy promo
Not only cricket lovers but Rinku herself is very sad due to Rinku Singh's selection in
