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 South African government has approved an US$8.5B plan to help the country’s power sector switch from coal to renewable energy, threatening domestic coal production at the same time as exports are falling.
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