Asia’s coal markets tighten on Indonesia port probe, Australian cyclone | Reuters
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The price jump has been driven mainly by an Indonesian government graft probe at ports in its East Kalimantan province, which is one of the world’s most important thermal coal export hubs.
The probes have disrupted ship loadings around the port of Samarinda, where 38 large dry-bulk ships are currently sitting idle to take on coal, according to shipping data in Thomson Reuters Eikon, with some vessels waiting for a month.
Most ships are unable to berth at the port and are being forced to take on coal via a small number of loading vessels.