China's thermal coal vessel freight rates gain support from weather

Freight rates for vessels carrying thermal coal from northern China's ports to the country's south and east have continued rising despite the ongoing sluggishness of the domestic thermal coal market, market sources have noted. They suggest that bad weather has reduced vessel turnover, leading to the tight transport capacity.

Following Typhoon 'Trami' that hit southern China's Hainan province on October 28, residents in coastal regions in the south and east are about to face another typhoon, 'Kong-rey' that even before making landfall in China has brought heavy winds and rains from October 31 to key eastern financial and