Subscribe to RSS feedRussia’s Pacific ports cash in on China’s coal boom
CHINA’s surging demand for imported coal has created a boom in shorthaul dry bulk trade from ports on Russia’s Pacific coast. Russian coal exports to China reached 4.4m tonnes in the first six months of this year, growing from just a handful of shipments in 2008.
This has seen demand rise for panamaxes and supramaxes in the north Pacific region.
“A virtually new shorthaul trade from Russia to China has emerged this year,” London broker SSY said in its monthly research report.
Ports at...
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