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.
There is a general feeling in Australia that the current boom in coal and ore demand marks the start of a sustainable long-term trend. Confidence is reflected in market forecasts and long-term forward contracts. However, there is still a considerable challenge ahead ramping up transport infrastructure to cope with the planned increase in production.
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