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Dry bulk facing new drop in Chinese coal imports

The Chinese import of coal, one of the dry bulk industry's most important growth markets, is poised for further decline in 2016 according to analyst forecasts. India also looks disappointing, writes Alphabulk.

Photo: Rotterdam Havn

The Chinese demand for coal may plunge further next year, projects several analysts citing the fact that the government in Beijing has a strong focus on converting the country's energy resources to more clean sources, which thus means a different import status than before, reports analyst firm Alphabulk.

China's coal consumption has historically been regarded as one of the major engines of growth for dry bulk shipowners, a sector that especially hit the bottom last year with a surprising fall in Chinese coal import by 22 percent in the third quarter.

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