China decided to restrict its coal imports in 2019 in less than 2018’s levels. Drewry supports that this decision will dent demand for Panamaxes, but an ongoing tussle with Australia could be the silver lining.
Specifically, the Chinese government aims to curb the coal imports by 3-4% in 2019. This could result to a decline of approximately 10 million tonnes.
Indonesia, Australia, Russia and Mongolia are the most important coal suppliers, which together accounted for more than 95% of imports in...
https://safety4sea.com/chinese-restriction-on-coal-imports-affects-demand-on-panamaxes/