China’s coastal coal freight rates move up after Lunar New Year holidays

Date: Feb 28, 2018
Freight rates for shipping coal from northern China’s Qinhuangdao port to the ports of Zhangjiagang, Shanghai and Guangzhou in the east and south China moved upwards after the Lunar New Year holidays, Qinhuangdao Port operator Tuesday said.

The freight rate from Qinhuangdao to Zhangjiagang in eastern China’s Jiangsu province for 20,000-30,000 mt capacity vessels rose to Yuan 32.30/mt ($5.12/mt) on February 27, up Yuan 3.0/mt from Yuan 29.30/mt on February 13, Qinhuangdao Port said.

The rate from Qinhuangdao to Shanghai in eastern China for vessels with a capacity of 40,000-50,000 mt jumped to Yuan 27.20/mt on February 27, from Yuan 22/mt on February 13, reflecting a week on week increase of Yuan 5.20/mt.

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