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.
If readers depended on mainstream media coverage and the views of the more pessimistic industry analysts, they’d have probably concluded the fall in world commodity prices over the last few months – especially for iron ore and thermal coal – spells the end of Australia’s much-vaunted resources boom.
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