The coal "jump" that wasn't.
Complete data for May:
-total global coal imports +0.3% yoy
-thermal coal imports -7%!
March-May:
-total coal imports -2%
-thermal coal imports -6%
Met coal imports rose 7% in March-May, but that was just a partial reversal of an 8% drop in 2025.
Lauri Myllyvirta
The Financial Times ran an entire story of coal shipments "jumping" that is based on an algorithmic artifact in shipping data.
