Asian coal shipments soar as continent swelters from early heatwaves

Extraordinary heatwaves being recorded over the previous few weeks in lots of Asian international locations are seeing increased than regular purchases of coal for this time of yr. 

Simply 4 international locations now account for over half of all thermal coal imports and greater than 70% of worldwide energy sector emissions from coal use, new information exhibits. China, India, the Philippines and Vietnam accounted for 53% of world thermal coal imports through the first 4 months of 2023, in comparison with 40% for a similar interval in 2022, in line with information from ship monitoring agency Kpler. 

Asia’s imports of seaborne thermal coal surged to the best on document in Might. A complete of 78.38m tonnes of coal is prone to be offloaded throughout Asia in Might, in line with Kpler.