Industrial consumers are coming under mounting pressure to phase out coal, but shipowners say there is no sign of volumes falling nor of reputational risk from carrying the cargo — yet.
New research emerged last week that seaborne exports of coal produce the same annual volume of greenhouse gas emissions as India.
Emissions from seaborne coal exports made up 10% of global energy-related CO2 emissions in 2020, according to analysis by climate think tank Ember, based on data from the International Energy Agency's 2021 Global Energy Review.
