Greg Miller
Monday, July 26, 2021
If coal is dead, then why are ships so full of it?
Good news for dry bulk shipping stocks, bad news for decarbonization: The global coal trade is thriving.
Good news for dry bulk shipping stocks, bad news for decarbonization: The global coal trade is thriving.
Shipowners and marine insurers are asked to look at vessel locator data to avoid sanctions fines.
Indonesian coal suppliers have increased their domestic coal production target by 4.5 percent from a previous 485 million tonnes to a massive 507 million tonnes in the current year. All the additional tonnage will be exported.
A surge in hydro-power, cleaner air in the Capital and a need to further stimulate the economy will see increased demand for seaborne coal supplies to China this winter. That is good news for freight.