Supramax, Panamax rates in Pacific may fall sharply Ship-operators to foot cost of tonnage held up in Indonesia Supramax and Panamax markets in the Pacific region are expected to face disruption with Indonesia, one of the world’s largest thermal coal exporters, banning exports in January to ensure sufficient supply for its state-owned electricity companies, according to shipping industry executives. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Bulkers, which were partially or even fully loaded with coal for exports, have not been able to sail out of Indonesian ports, market sources said Jan. 3, while adding that there could be a further evaluation on Jan. 5. The Southeast Asian nation exports around 400 million mt of thermal coal to countries including China, India, Japan, South Korea, and Vietnam. On average, about 400 Supramax and Panamax ships load coal out of Indonesia a […]