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Why is the bulk carrier freight market uninspiring?

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Why is the bulk carrier freight market uninspiring?

Why is the Bulk Carrier Frieght Market Missing Its Seasonal Peak?
It might be due to changes in seaborne coal trade. 

I’ve been wondering why the bulk carrier freight market has been uninspiring of late when we would expect it to be enjoying its seasonal peak. Is it something to do with coal? According to commodity reporting service Argus, global coal exports in January-October 2020 stood at 804 Mn T, down from 938  Mn T in the first 10 months of 2019.  I’ve been digging around to see if I can work out what’s going on.

I’ve found some data on imports to China, Japan, South Korea and India which are … interesting… and several commentators who see an uncertain outlook. 

Then there’s the impact of Covid-19 and its aftermath…reviving economies aren’t burning as much coal as one might expect. …

Perhaps because renewables prices are now cost-competitive with coal – which may have a longer term effect on seaborne coal trade. 

Click here for musings on what this might mean if you trade bulk carrier freight, stocks or ships. 

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Why is the Bulk Carrier Frieght Market Missing Its Seasonal Peak?
It might be due to changes in seaborne coal trade. 
I’ve been wondering why the bulk carrier freight market has been uninspiring of late when we would expect it to be enjoying its seasonal peak. Is it something to do with coal? According to commodity reporting service Argus, global coal exports in January-October 2020 stood at 804 Mn T, down from 938  Mn T in the first 10 months of 2019.  I’ve been digging around to see if I can work out what’s going on.

I’ve found some data on imports to China, Japan, South Korea and India which are … interesting… and several commentators who see an uncertain outlook. 

Then there’s the impact of Covid-19 and its aftermath…reviving economies aren’t burning as much coal as one might expect. …

Perhaps becuase renewables prices are now cost-competitive with coal – which may have a longer term effect on seaborne coal trade. 

Click here for musings on what this might mean if you trade bulk carrier freight, stocks or ships. 
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