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Saturday, 07/17/2010 3:13:17 PM

Saturday, July 17, 2010 3:13:17 PM

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Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rates and encourage longer haul journeys in the coming months. Despite a voyage time of 45 days compared with 15 from Australia, China's coking coal imports from the U.S. rose 4,800 percent in January-May 2010 from the same period last year and 85 percent from Canada, official Chinese import data shows.

http://www.commodities-now.com/news/power-and-energy/2943-us-steam-coal-exports-to-support-freight-rates.html


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