Russia coal shift to benefit panamaxes the most
Panamaxes and capesizes are likely to see increased demand as Europe ventures further afield to secure coal supplies after the bloc banned Russian cargoes in response to the situation in Ukraine
A shift in global coal flows following sanctions as a result of the Russian invasion of Ukraine will see an increase in demand of 2.1% for panamaxes and 1.5% for capesizes this quarter, according to Klaveness Research
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