Port restrictions in China disrupt berthing
A wave of stricter port restrictions in south China has left steel producers searching for alternative ports to allow them to berth vessels carrying their imported coking coal cargoes.
A south China steel producer, which typically berths its vessels at Fangcheng port, has been prevented from doing so. An east China steel producer has been trying to get clearance to berth a cargo of Australian premium mid-volatile coking coal at Wenzhou port in Zhejiang province but has now been denied entry. Both steel producers are scrambling to find an alternative. Another south China steel producer might be barred from taking any more imported coal in the following months as port import quotas have nearly been reached, sources said.
(5 days ago, by arnekiel
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