China’s coal buildout offers fresh ballast for dry bulk

AI Summary

China's increased coal capacity acts as a strategic energy buffer amid global tensions following the US-Iran conflict. This bolsters dry bulk shipping demand due to coal shipments, despite China's investments in renewable energy.

Coal has emerged as one of China’s most important energy buffers in the wake of the US-Iran war, reinforcing a power-generation strategy that continues to look remarkably supportive for dry bulk shipping despite Beijing’s vast investments in renewables. When disruption around the Strait of Hormuz squeezed oil availability, China was able to lean harder on …