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Europe's coal imports hammered by Transnet strike
The price of importing coal to Europe’s largest ports rose the most since May as a strike in South Africa curtails shipments of the fuel during the middle of an energy crisis.
The action by Transnet SOC Ltd. employees is “lasting longer than anticipated and has started to take a serious toll on exports,” said Alex Claude, chief executive officer of DBX Commodities in London.
[Bloomberg]
The price of importing coal to Europe’s largest ports rose the most since May as a strike in South Africa curtails shipments of the fuel during the middle of an energy crisis.
The action by Transnet SOC Ltd. employees is “lasting longer than anticipated and has started to take a serious toll on exports,” said Alex Claude, chief executive officer of DBX Commodities in London.
[Bloomberg]