Although Chinese coal imports reach a two-year high, the dry bulk[ds_preview] shipping won’t benefit to the same extend than in the past – because of shorter sailing distances and growing market share of Australia and Indonesia. According to the latest market report of the international shipping organization BIMCO, shorter sailing distances limit upside of two-year high Chinese coal imports as Australia and Indonesia, being the main exporters of coal to China, are growing their market share. The change in the coal trade patterns has seen the US and South Africa as the biggest losers.
