Freight rates for shipping coal from northern China’s Qinhuangdao port to the ports of Zhangjiagang, Shanghai and Guangzhou in the east and south continued to edge up in the week to December 5, the operator of Qinhuangdao Port said Tuesday.
The freight rate from Qinhuangdao to Zhangjiagang in eastern China’s Jiangsu province for 20,000-30,000 mt capacity vessels rose Yuan 1.50/mt week on week to Yuan 64.50/mt ($9.75/mt) on December 5, it said.
The rate from Qinhuangdao to Shanghai in eastern China for vessels with a capacity of 40,000-50,000 mt rose by Yuan 1.80/mt week on week to Yuan 56.70/mt on December 5. The rate from Qinhuangdao to Guangzhou in southern China for 50,000-60,000 mt capacity vessels, however, edged up to Yuan 64.80/mt from Yuan 64.90/mt.
Increased purchasing activity by downstream power plants in winter continued to boost coastal freight rates, the port operator said.
Meanwhile, coal stocks at Qinhuangdao port stood at 6.49 million mt on December 5, down from 6.85 million mt on November 28, port data showed.
Source: Hellenic Shipping News.