India’s coal sector reform to replace up to 135m tonnes of imports
India’s plan for its coal industry is to reduce the dependence on imports, which is likely to hurt dry bulk shipping demand in the medium to long term. The country wants to boost domestic production to 1bn tonnes by 2024-2025
The privatisation of coal mines will have a knock-on effect on dry bulk shipping, which has benefited from the increased demand for seaborne coal in the previous year
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