Bulk carrier NORD SIRIUS stranded off Morocco with banned Russian coal lot
Bulk carrier NORD SIRIUS is stranded off Morocco coast since May 2, loaded with 75000 tons of Russian thermal coal, reported Platts. Coal was bound for Moroccan power generator Jorf Lasfar Energy (JLEC) but didn’t meet dry volatile matter criteria, 38, which is higher than JLEC's maximum specification of 35. Vessel is moving in legs since May 2. "The cargo is not bad...it is just the volatile matter is higher than JLEC's maximum limit. They [seller of the cargo] will find a home for it, but it will probably cost them quite a lot to do so." – said a source with knowledge of the matter. Coal was loaded at Ventspils, Latvia, on Apr 20. The coal was said to have been supplied by London-headquartered trader Trafigura as part of a buy tender which JLEC had awarded in the mid-$80s/mt some weeks previously, added Platts.