Falling petcoke trades could dent prospects for smaller-sized bulkers
Refinery run cuts, as a result of lower demand for oil products amid coronavirus, will impact the availability of petroleum coke that is used in power generation and in some industries involving the production of cement, steel and aluminium. This will dent employment for smaller-sized bulkers
Although petcoke exports from the US will likely decline, hurting supramaxes, seaborne trade is only 1% of the overall dry bulk market, so the effect may not be that noticeable, according to analysts
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