“Aussie coal producers might be looking at other destinations for coal, such as Japan or India, but given the quantum of impact, they will likely trim down production as well,” said Abhinav Gupta, a research analyst at Braemar ACM Shipbroking. “More importantly, this is leading to seafarers being stuck on ships outside of their contractual obligation, a situation that was started by the pandemic.”
There’s $500 Million of Coal on Anchored Ships Off China’s Coast
