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Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.
 
Coal export unloading times have almost doubled to 40 days in recent months, prompting Australia to seek an explanation for the delays.
 
Trade Minister Simon Birmingham said on Friday the government was closely monitoring the situation, but accepted assurances from Chinese authorities the blowout in wait times was not country-specific.
 
He said domestic protectionist pressure stemming from China’s support for its own coal industry and limiting steel production was a factor.
 
A higher level of quarantine checks for environmental reasons has also impacted Australian exports.
 
“If that’s the case we have nothing to fear because Australia’s coal is amongst the best in the world in terms of the environmental standards that come when it is used,” Senator Birmingham told ABC Radio National.
 
“We’re trying to understand all of those different moving parts and watching very closely what’s happening at each of the ports in terms of the speed of processing times.”
 
Last month, Prime Minister Scott Morrison warned against linking processing delays of coal exports to China with diplomatic tensions.
Source: Australian Associated Press


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Recent News

Monday, 05 August 19
SUPRAMAX: COAL FROM INDONESIA TO CHINA PAID AT MID $8,000S ON A 57,000-TONNER DELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize Having hit a high of $32,963 early last week, the Capesize 5TC now stands at $25,749. This is over 20% of its value lost in 10 days. C ...


Thursday, 01 August 19
PANAMAX: THE SENTIMENT IN THE MARKET IS STILL POSITIVE FOR THE LONGER TERM - FEARNLEYS
Capesize Two weeks ago the 5TC index was at 33,000 USD pd. Since then it has fallen off a bit and has stayed around 27,000 USD pd the last week ...


Thursday, 01 August 19
INDIKA ENERGY REVENUES DECLINE DUE TO LOW COAL PRICES
One of the largest Indonesian integrated energy companies PT Indika Energy Tbk posted revenues of US $ 1,380.4 million, down 4.6% compared to US $ ...


Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...


Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential b ...


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