Backhaul rate for capesize bulkers skyrockets as Australia pushes coal to Europe

Higher rates on this route can lead to loftier figures for transatlantic voyages, market expert says

A truck takes on coal at an Australian mine.
A truck takes on coal at an Australian mine.Public Domain
Published 10 March 2022, 19:32Updated 10 March 2022, 20:34
Baltic ExchangeJohn KartsonasStamatis TsantanisAustraliaUkraine Crisis