In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, looks at the decline in coal shipments to advanced economies.
In the first 10 months of 2023, coal shipments to advanced economies have fallen by 17% y/y, as demand for electricity has declined and the share of electricity produced using renewable energy has increased. Also slowed economic activity and high energy prices have affected electricity demand. In 2023, advanced economies’ imports of seaborne coal could reach the lowest level since 2002.
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed

