Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Coal exporters forced to divert ships as China port delays intensify - Report

Coal News - Published on Fri, 22 Mar 2019

Image Source: Student Energy
The re-routing of lucrative shipments had increased recently due to the time it is taking for Australian coal to be unloaded and clear customs in China. Indian buyers have been offered some of the coal. Australian coal exports to China are facing longer unloading and customs clearance times.

The latest news about extra testing of Australian coal at the Fangcheng port follows news last month that the port of Dalian, in north east China, had imposed limitations on Australian coal imports.

Observers said that the tougher approach by China to Australian coal exports means that Chinese energy companies are paying more for coal from Chinese producers instead of Australian, high quality energy coal.

One source said that "What it's doing is it's creating uncertainty and forcing a discounting of the shipments that are diverted elsewhere."

The source said that "What is quite clear to us is there is a political element to this."

Source :

Posted By : Rabi Wangkhem on Fri, 22 Mar 2019
Related News from Coal segment