BIMCO Search Results

Indonesian coal exports jump 11.5% to second-highest level on record

Due to supply concerns at domestic power plants, Indonesian authorities banned coal exports during January 2022, removing around 30% of global coal volumes from the bulk market as a result. This caused Newcastle coal futures to increase by more than a third and added strain on coal inventories acros... Please follow the link to continue reading.

Airline capacity 37% lower than 2019, curbing demand for jet fuel

In 2019, prior to the onset of the COVID-19 pandemic, jet fuel contributed an estimated 8% of oil products’ cargo demand. When travel restrictions were imposed during the pandemic, air travel suffered significantly and jet fuel shipments in 2021 were down approximately 33% compared to 2019. Airlines... Please follow the link to continue reading.