The boom in China’s coal imports this year has not been accompanied by much improvement on overall tonne-mile demand, BIMCO said in a report today. An increasing number of those cargoes are coming on short-haul voyages from nearby suppliers rather than longer transits.
BIMCO analyst Peter Sand says Australia and Indonesia seeing increased market share for China’s coal cargoes, with fewer cargoes coming from the US and South Africa.
China’s
