By 2026, thermal coal is estimated to fall by 202 Bn ton-miles.   

Enterprise leaders across the globe are increasing their sustainability efforts toward a reduced carbon future, posing a potential threat to dry bulk ship owners as the demand for coal declines. 

The good news is, decarbonization will likely be a key demand driver for dry bulk owners over the next couple of years due to the need for green infrastructure. According to recent reports from the International Energy Agency (IEA), renewable energy sources are projected to surpass coal and stand for more than one-third of global electricity generation by 2025. 

In this whitepaper, Senior Shipping Economist Mikkel Nordberg shares insights into:

• Why dry bulk commodities are needed to supply windmills and solar panels  
• The rate of decarbonization on ton-miles of dry bulk commodities 
• When iron ore is expected to surpass the reduction of coal  

What does expanding renewable energy capacity mean for dry bulk commodities? See the forecast in our latest whitepaper.

“The advantages stemming from the expansion of renewable energy capacity may outweigh the negative effects of diminished coal demand.”

Mikkel Nordberg, Senior Shipping Economist, Veson Nautical