Coal news and updates

Mongolian and Russian coal exports via rail to China reduces Capesize tonne-mile demand

The capesize shipping industry is undergoing significant changes due to the rise of rail transport and increased Russian coal imports, reducing reliance on seaborne shipping. Mongolia’s booming coal production, primarily destined for China, coupled with competitive pricing, is shifting trade dynamics and exerting downward pressure on capesize freight rates. While overland coal imports are increasing, seaborne imports remain robust, but the shift towards rail is poised to transform future shipping patterns and decrease long-haul shipping demand.