S&P Global Platts cFlow vessel tracking software showed Friday that 243 ships loaded with coal were stationary off the coast of China, up from a count of 102 ships when the previous round of port restrictions were imposed at the end of October last year. The number of coal-filled ships lying idle off the coast of China as a result of import restrictions on thermal coal has risen to 243 from the last count of 102 last October, according to S&P Global Platts’ cFlow vessel tracking system. A market source said imported coal not meant for local enterprises was not being cleared by customs as a result of restrictions imposed in April. The ships are queueing off ports in Guangxi, Guangdong and Fujian provinces waiting to be loaded with coal.
The number of coal-filled ships lying idle off the coast of China as a result of import restrictions on thermal coal has risen to 243 from the last count of 102 last October, according to S&P Global Platts’ cFlow vessel tracking system. A market source said imported coal not meant for local enterprises was not being cleared by customs as a result of restrictions imposed in April. The ships are queueing off ports in Guangxi, Guangdong and Fujian provinces waiting to be loaded with coal.