Subscribe to RSS feedTonne miles rise on surprising upturn in Chinese coal appetite
by
Liz McCarthy, London
—
last modified
Dec 04, 2009 11:59 AM
CHINA’s insatiable appetite for imported coal has led to a 300% increase in tonne miles for the commodity this year, according to dry bulk owner Golden Ocean.
China imported 38m tonnes of coal during the third quarter, more than three times the volume shipped in the same period of 2008.
“Forecasters have constantly underestimated Chinese demand for raw materials,” Oslo-based Golden Ocean said in its third-quarter financial...
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