Colombian coal demand from Asia drives up Capesize shipping
NewsDrewry forecasts a 3.3% rise in Capesize shipping demand in 2024, driven by increased coal exports from Colombia to Asia, offsetting reduced European demand.
The sense of urgency may have gone out of the expansion of the Australian coal industry but there’s little doubt existing and prospective producers expect the worst of the global financial crisis to be over within 12 months.
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