EPE has been seeking to replace the heavy furnace oil currently in use. The initial plan to use petcoke was unsuccessful due to supply and cost issues. As a result, the search continued and 6300kcal South African coal has been deemed suitable for cement works. The imported coal will cost US$207.30/t, according to a dedicated taskforce.
USG Supramax rates slow
The USG Supramax freight market started the month on a flat note, but in the second half of the ...