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As Australia’s largest trading partner, China has played an increasingly important role in the Australian economy in the past 20 years. The more important the role. Therefore, for most of the country’s commodity exporters, once they lose the Chinese market, it means huge losses.
As the country’s second largest export commodity, the losses caused by coal as the country’s second largest export commodity are not comparable to those of ordinary industries. Australian officials previously predicted that in the year ending June 2021, the country’s coal industry will face 17.96 billion Australian dollars (about 88.76 billion yuan) due to reduced demand from global buyers, including China. Loss of income.
This is obviously something that the Australian coal industry does not want to face. Therefore, before At one time, more than 80 Australian coal ships were stranded in Chinese ports. On November 27 last year, Australian media reported that there were more than 80 Australian coal ships stranded on the coast of China, valued at more than 1.1 billion Australian dollars (about 5.3 billion yuan).
In response, Australian Trade Minister Simon Birmingham also stated that the country is communicating with China. This may give new hope to the Australian coal industry, so these coal ships are still reluctant to leave.
Until the last few days, the Australian coal ship that had been stranded in a Chinese port for 7 months finally left Up. According to the Global Times on Wednesday (January 20) citing Indian media reports, the Indian merchant ship Jag Anand carrying Australian coal finally left after being stranded in China’s Jingtang Port for 7 months and arrived in Japan on January 18. Crew change.
It is reported that these crew members will return to India within the next 36 hours. However, surprisingly, the shipping company also stated that the merchant ship will return to China’s Jingtang Port within a few days and re-queue. According to foreign media statistics, there are still about 55 bulk carriers carrying Australian coal at Chinese ports.
Why are these coal ships so reluctant to leave? This is probably because Australian coal exporters have yet to find new buyers. In fact, more and more countries around the world have begun energy structure transformation, trying to shift to a more low carbon and environmental protection Therefore, the number of countries willing to take over Australian coal is likely to become less and less.
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