Commodity Market Report
Global thermal coal market service – ocean freight and infrastructure 2018 H2
Report summary
Dry bulk seaborne trade forecast shipments moderate after years of unprecedented growth as iron ore trade declines. Thermal coal trade expected to plateau and decline slowly over forecast. Global bulk ship fleet in balance with growth and demolitions. Time Charter rates are at risk of swings as demand shifts from the Atlantic to Pacific basins over the forecast. Ocean voyage rates to step change in 2020 with IMO2020. Global port capacity adequate for long term coal demand. Rail expansion projects anticipated in Australia and Russia to support coal exports
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