European coal demand already lucrative for bulk freighters
Shipping companies such as Norden, Ultrabulk and Lauritzen Bulkers are clearly feeling the effects of Europe’s ongoing efforts to switch from gas to coal. Norden already transports 25% more coal to Rotterdam, in particular. Ultrabulk predicts coal to soon become the carrier’s biggest commodity.
BY TOMAS KRISTIANSEN, SHIPPINGWATCH, TRANSLATED BY JONAS SAHL HOLLÆNDER & KRISTOFFER GRØNBÆK
Gas, in short supply at European power plants, very much looks set to be replaced by coal, an outlook that’s already being felt among major dry bulk companies.
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