According to the latest news from FX168 Financial News on January 21, ship brokers said 65 ships were fully loaded with Australian coal Of cargo ships are resting outside Chinese ports. According to statistics from Australian media, the number of stranded ships has increased to over 80. It is reported that Australian coal traders are still reluctant to leave because they cannot find new buyers.
Wallem Group has more than 20 cargo ships stranded, and its CEO Frank Coles issued an open letter, proclaiming to China that China’s new crown quarantine regulations are unreasonable, and calling on Chinese regulators to take measures to help their crew rest and reorganize.
Previously, there were also Indian shipping companies’ There was a similar situation in the country for cargo ships, and spokespersons of relevant Chinese departments responded that China will provide necessary convenience and assistance while meeting quarantine and epidemic prevention requirements.
The Global Times reported on January 20 that the Indian merchant ship Jag Anand carrying Australian coal was in China After staying in Jingtang Port for 7 months, I have obtained permission to go to Japan to rest and change the crew. It is expected that I will return to the Chinese port in a better state in a few days and continue to line upCustoms clearance.
You should know that in the current downturn of the global economy, coal demand in other countries is not very High, only the largest orders in China, where the economy is on track. Official statistics show that China is the world’s largest buyer of coal, with a total of 303.991 million tons of coal imported in 2020, a record high in seven years.
What worries the Australian coal industry is that the country’s coal market share in China There is a tendency to be replaced. Baltic International Shipping Association (Bimco) StatisticsData show that in December 2020, ChinaOnly purchase About 1.4 million tons of Australian coal,compared to January of the same year7.8 million tonsa sharp drop of 82%.
In contrast, Indonesia and Mongolia’s coal market shares in China are on the rise. According to Bimco statistics, the amount of Indonesian coal imported by China increased from about 9 million tons in January 2020 to 15.5 million tons in December, an increase of 72%; Mongolia coal exports to China also jumped to 8 million tons in September, which is more than four times that of less than 2 million tons in January of the same year.
According to Australian official forecasts, in the year ending June 2021, if China waits Global buyers reduce orders, and the local coal industry will lose 17.96 billion Australian dollars (about 88.76 billion yuan).
In addition, Australian exporters have revealed that because Australia’s coal ships have been relying on At Chinese ports, they will pay a daily congestion charge, which is about 20%of the daily freight. In other words, if the Australian Coal Ship does not leave, Australia will face greater losses.
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