Weaker freight pushes Australia met coal to Europe below China import prices

摘要

London—Coking coal from Australia delivered to Europe has become cheaper than Australian coal imports to China over the past few weeks again, as Capesize dry bulk freight rates fell Friday. Vessel oversupply and weaker fuel oil prices have taken voyage rates down, contributing to weaken so-called “back haul” rates from Asia-Pacific to Europe. Scrubber-fitted vessels using high sulfur fuel oil see better Time Charter Equivalent rates for vessels moving back into the Atlantic.