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India's coal import in serious dive

Coal cargo headed to India, the world's third-largest coal importer, is declining rapidly and is, for the first time in five years, expected to note a slide in imports, reports Alphabulk.

Photo: Rotterdam Havn

China's declining growth is the dominating theme of the dry bulk industry's historic low, but also India, the world's third-largest coal importer, is ready with bad news for the shipowners.

According to Alphabulk, India's annual coal import is expected to decrease for the first time in five years, as the country's domestic productions grow in line with the Indian government's ambition to increase mining operations and thus completely stop the coal import for power plants from 2017.

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