Only 14 voyages of Chinese coal imports from Australia in 2021

Due to my country’s import restrictions on Australian coal, the total coal imported from Australia in the first seven months of this year was only 780,000 tons, down 98.6% from 56.8 million tons in the same period in 2020.

In the first seven months of 2020, there were 697 coal shipping voyages. Among them, Panamax ships accounted for 59.1%, and Cape ships ranked second, accounting for 35.3%. By comparison, coal trade between the two countries has seen just 14 voyages this year, eight of them on Panamax vessels. China’s share of total coal imports from Australia fell off a cliff to 0.4%. While China’s coal imports from Indonesia increased by 45.2% from 76.4 million tonnes in the first seven months of last year to 110.9 million tonnes this year, China’s share of total coal imports from Indonesia jumped to 60.4%.

Despite the sharp drop in exports to China, total Australian coal exports increased by almost 400,000 tonnes or 0.2% compared to the first seven months of last year, while ton-mile demand increased by 6.8%, driving dry bulk instead. market in the freight transport industry. Among them, Australia’s exports to India and South Korea grew the fastest, increasing by 22.3 million tons (+96.3%) and 15 million tons (+72.2%), respectively.

Australia’s coal exports totalled 223.4 million tonnes in the first seven months of the year, excluding 2020, the slowest start since 2015. Nonetheless, new ton-mile demand did not fall to 2015 levels, as the average sailing distance per ton of cargo rose 6.6% to 4,603 miles from 7 million miles in 2020.

Peter Sand, chief shipping analyst at BIMCO, said: “The Sino-Australian coal trade disruption is in its second year and buyers and sellers are re-matching, none of them wanting to lose business in trade policy. This also adds to the outlook for a congested dry bulk market. More optimistic, Asia in particular can attract tonnage and drive up freight rates.”