Congestion grows in Chinese iron ore ports

A growing number of vessels carrying iron ore are unable to offload their cargoes to the Chinese market.

Photo: PR / Eagle Bulk

100 capesizes carrying iron ore for the Chinese market currently wait in line off ports in China, writes analyst firm Clarksons Platou. This is an increase of 25 dry bulkers in just one week.

The analyst firm does not mention why iron ore cargoes are delayed, but China and Australia currently have a diplomatic dispute that has resulted in China banning several Australian commodities and foodstuffs. This has, among other things, led to a ban on offloading Australian coal.

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