Australian Coal Blockade at Chinese Ports Easing
China Coal BlockadeGC Captain

Australian Coal Blockade at Chinese Ports Easing

A few Australian coal shipments are finally making it onto Chinese soil after months of political impasse between the two nations. Citing data from Kpler,

A few Australian coal shipments are finally making it onto Chinese soil after months of political impasse between the two nations. Citing data from Kpler, Bloomberg has reported four bulk carriers offloading Australian coal at two different ports in China last week. The unwinding of the effective blockade may come because of diplomatic pressure, or because of commercial reasons. The unwinding of the effective blockade may come because of diplomatic pressure, or because of commercial reasons. Steam coal futures are at the highest levels on record. Coking coal prices have also soared to a four-year high,

More than 50 ships remain stuck at Chinese anchorages waiting to offload their shipments however with hundreds of seafarers stuck in limbo for many months. “The speed of domestic coal price increases in China will to some extent decide how soon we could expect more Australia coal shipments to be discharged

No stories found.
SteelGuru Business News
www.steelguru.com