In Dry Bulk Market,International Shipping News 30/11/2016
Freight rates for shipping coal from northern China’s Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China rose in the week to Tuesday, port operator Qinhuangdao Port said.
The freight rate from Qinhuangdao to Zhangjiagang in eastern China’s Jiangsu province for 20,000-30,000 mt capacity vessels rose by Yuan 1.40/mt on the week to Yuan 49.40/mt ($7.16/mt) November 29, Qinhuangdao Port said.
The rate from Qinhuangdao to Shanghai in eastern China for vessels with a capacity of 40,000-50,000 mt rose by Yuan 2.50/mt on the week to Yuan 39/mt. The rate from Qinhuangdao to Guangzhou in southern China for 50,000-60,000 mt capacity vessels climbed up by Yuan 3.60/mt to Yuan 54.20/mt on November 29.
A pick-up in the purchasing activities by downstream power generators towards the end of November has underpinned the upturn in coastal freights, Qinhuangdao Port said.
Meanwhile, coal stocks at Qinhuangdao port stood at 6.39 million mt November 29, down from 6.58 million mt November 22, port figures showed.
Source: Platts
