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Eagle Bulk fixes Indonesian coal to Europe

Given the turmoil that is affecting the Black Sea region, a change in trade flows is to be expected, leading for the most part to an increase in tonne miles

US-based company says vessels are ballasting away from the Black Sea region given the situation there, pushing up rates in the Far East for the smaller-sized carriers. It has booked a vessel for a minimum period of five months at a hefty premium to spot rates

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