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Industrial coal prices rise 125% in Bahrain
The article discusses the rising coal prices in the Kingdom of Bahrain for August, due to disrupted supply chains and a more than 266% increase in global shipping costs. Tensions in the region, particularly at the Strait of Hormuz, along with congestion at Jeddah Port, have driven up the cost of container shipping from $3,000 to $11,000, while the price of imported coal from Thailand has increased by 30%. Companies attempted to diversify import routes through Dubai and Egypt, but stock levels have become nearly depleted. As a result, the price of a bag has risen from 4.5 to 8.5 Bahraini dinars, and cafe owners expect ongoing financial pressures if costs remain at current levels. It was noted that the market relies on coal imports from Indonesia, Malaysia, and Singapore, reflecting how prices are affected by global fluctuations and logistical challenges.
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