China expected to up coal import in fourth quarter – promising sign for dry bulk

With China short on coal for electricity production at its coal-fired power stations, the country's coal import is expected to rise in the fourth quarter and beginning of 2022. This is good news for dry bulk carriers, note Bimco and Star Bulk.

Coal power plant in China | Photo: TINGSHU WANG/REUTERS / X06979

China is consuming electricity like never before, while also experiencing shortages of coal for its many coal-fired power stations that produce the energy.

For this reason, China is expected to increase its coal imports in the fourth quarter as well as the beginning of 2022, assesses Bimco to ShippingWatch.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs