Industry News

Declining Mississippi River levels disrupt Gulf Coast coal shipments, prompting traders to eye alternate routes. Atlantic & West Coasts see a surge.

China’s rising coal imports boost Asia’s dry bulk market, despite economic slowdown indicators. Coal remains robust, supporting the freight vessel demand.

UGS annual report: Greek maritime community’s resolute commitment to sustainable shipping & decarbonization in a global industry.

Norden positions for a post-2025 dry cargo market surge, investing in 10 vessels amid current market challenges. CEO Rindbo eyes China’s rising demand.

Arch Resources commits to 68.9M st of thermal coal sales in 2023, with Q2 legacy thermal coal EBITDA reaching $29.2M, surpassing expectations.

Transnet may boost coal exports to 81M metric tons by 2026 by resolving a dispute with Chinese supplier CRRC, rejuvenating idle locomotives.

Rising Asian demand fuels Australian coal exports, expected to grow steadily till 2025. Amid climate concerns, Australia aims for balanced energy growth.

Asian thermal coal prices plunge to a two-year low, battered by weakening European demand and falling LNG prices, reshaping energy dynamics.

Survey by global maritime bodies reveals a shift toward diversified fuel usage by 2050. Fuel oil predicted to drop from 66% in 2030 to 17% by 2050.

G7 ministers unite for renewable energy, clean fuels, and decarbonizing shipping industry—tackling climate change head-on.