信德海事网-专业海事信息咨询服务平台 登录 | 注册 [ 设为首页 ] [ 加入收藏 ] 中文版 ENGLISH WeChat Mobile --> --> ENGLISH   >   MARKET --> BIMCO Shipping Number of the Week： Coal shipments to China fall 10% with further decline on the horizon 2026-01-16 09:05 By： BIMCO 分享： --> --> --> 评论 --> --> "In 2025, seaborne coal shipments to China fell 10% as domestics supply increased and demand from steel manufacturing and electricity generation weakened. The decline affected shipments out of Indonesia, the US, Australia and Colombia in particular,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. China is the world’s largest importer of coal and the destination of 28% of seaborne coal shipments, which account for 4% of dry bulk tonne mile demand. Thermal coal, which is used for electricity generation, accounts for 87% of seaborne coal shipments to China while the remaining 13% is coking coal used in the production of new steel. In 2025, 90% of seaborne shipments came from Indonesia, Australia and Russia. Indonesia primarily supplies thermal coal while Australia and Russia supply a mix of thermal and coking coal. China also imports significant volumes of coal via land routes from Mongolia and Russia. “The drop in coal shipments to China negatively impacted the dry bulk market as tonne miles for coal heading to China decreased 21%. On top of the weaker cargo volumes, average sailing distances shortened as shipments from the US and Colombia fell 70% and 80% respectively. These cargoes faced stiff price competition from Asian suppliers while an increase in tariffs on US coal further discouraged purchasing,” says Gouveia. The capesize and supramax segments were most impacted by weaker coal shipments into China, as their coal tonne mile demand fell 44% and 19% respectively. Both segments faced tough competition from the panamax segment, while capesize tonne miles were especially impacted by weaker shipments of Colombian coal. Coal volumes on panamax shi