ShippingWatch

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.

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