Coal news and updates

China takes Australian coal deliveries despite import ban amid power pinch

Despite an informal import ban, China has begun unloading Australia’s coal transport, highlighting the severity of the electricity crisis facing the world’s second-largest economy, analysts said. ..

Nick Ristic, chief dry cargo analyst at Braemar ACM Shipbroking, said Australian cargo waiting outside a Chinese port has been moored last month since the ban came into effect a year ago, and draft changes have been observed. Said that. take down. He said 450,000 tonnes of coal were discharged.

Energy research firm Kpler also said a total of five vessels waiting offshore released 383,000 tonnes of Australian steam coal to China last month.