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.
Moving coal out of North America’s Powder River Basin (PRB) may become a three-way affair over the next two decades if a proposed merger between the Dakota, Minnesota & Eastern Railroad Corporation (DM&E) and the Canadian Pacific Railway (CPR) goes through.
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