South African coal exports indicate a reshaping of bulk carrier demand
South African coal miner Exxaro aims to double its coal exports through the Richards Bay export terminal by 2023, from 8m tonnes a year at present, while rail company Transnet is intending to expand capacity to Richards Bay to 97.5m tonnes per annum
Key market India is diversifying its coal sourcing with Indonesia, South Africa and Australia now facing pressure from US exports
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