Red Sea Crisis: so far little effect on global coal trade

As the disruption around the Bab el-Mandeb strait enters its third month, a rising number of bulk vessels are avoiding the region, creating ever broader negative impacts to commodity markets and the wider economy. So far however events have had little impact on global trade. At 105.48 Mt, seaborne coal (thermal and metallurgical) trade through the Suez Canal / Red Sea route represented 7.70% of seaborne coal shipments in 2023.
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