Attendees at the Coaltrans conference in Bali reported a glum mood in the air as delegates grudgingly conceded that the world is weening itself off coal. The world’s most popular dry energy commodity is loosing its lustre as China, its biggest consumer, attempts to go green, while India plans to tap its own reserves rather than import from abroad — but it could all take time
Growth in the transport of coal, one of the driving forces behind the supramax and panamax dry-bulk sectors, is expected to slow down if plans by China to wean itself off the commodity for power generation and India’s desire to tap into its own coal reserves both come to fruition. Market consensus is that it could eventually go into a slow but steady decline.
Coal
