Global seaborne coal volumes experienced a notable increase of 2.3% year-on-year in the period from January to May 2026. This growth, which excludes cabotage, resulted in a total of 527.6 million tonnes of coal transported by sea. The data, compiled by Banchero Costa & C S.p.A., highlights a continued, albeit moderate, expansion in the international coal trade.
For freight forwarders and operations managers, this sustained demand for seaborne coal suggests a stable market for dry bulk vessels. An increase in coal volumes typically translates to consistent demand for Panamax and Capesize vessels, potentially firming up freight rates on key coal trade routes. Forwarders should monitor these trends as they can influence overall dry bulk shipping capacity and pricing, affecting the cost and availability of vessels for other bulk commodities.