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Market
October 7, 2021

Dry bulk freight rates pushed higher this week, fueled by rising coal demand

Matthew Wright
Senior Freight Analyst

In this research piece, Matt Wright focuses on the recent spike in dry bulk freight rates, supported by the surging demand for coal. On its own, coal is unlikely to have propelled rates to the levels seen this month, but in conjunction with covid-related port delays and higher demand for dry bulk commodities as economic output recovered this year, vessel supply has crossed a tipping point into a severe shortage.

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