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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

Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...


Wednesday, 20 March 19
COAL EXPORT FEARS RESURFACE AS RESTRICTIONS HIT MORE CHINESE PORTS AND AUSTRALIAN PRICES COP A 'BELTING' - ABC
Australian thermal coal exports to China are under increasing pressure, with indications import restrictions are spreading to other key ports. ...


Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...


Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
Capesize Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the ...


Monday, 11 March 19
SUPRAMAX: A 61,000 DWT VESSEL WAS BOOKED SINGAPORE FOR A TRIP VIA INDONESIA TO CHINA AT $10,500 - BALTIC BRIEFING
Capesize A faint glimmer of hope with the suggestion the market may have finally bottomed out, with owners attempting to resist further cuts in ...


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