Thursday, July 19, 2018

U.S. Coal Cargo Reaches China, Beating Import Tariff Deadline

Posted by June 27, 2018

File Image (CREDIT: AdobeStock / © Leonid Eremeychuk)

A vessel carrying 164,000 tonnes of coal from the United States reached Caofeidian port in northern China on Tuesday, Thomson Reuters Eikon ship tracking data showed.
 
The vessel named Partnership is on schedule, while Beijing plans to impose steep tariffs next month on a list of U.S. products, including thermal coal and coking coal due to mounting trade friction between the world's two leading economies
 
At least three U.S. coal shipments, including Partnership, are on their way to China, but traders are worried they may end up casualties of the escalating trade dispute
 
The other two vessels, Navios Taurus and West Trader, are expected to arrive at Jingtang port on July 18 and Aug. 10 respectively, according to Eikon data.
 

Reporting by Muyu Xu and Josephine Mason 

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