The development comes as China continues to shift to a consumption-led economy, rather than an investment-driven one.
The Tanzanian port is building additional capacity to cater for the anticipated imminent increase in throughput capacity, fuelled by heightened mining operations and development of a key regional transport corridor
A surge in LNG shipments into China this winter as the government has imposed restrictions on coal-fired power generation amid peak electricity demand.
Supramax chartering activity has slowed down due to tightening coal imports in China
A surge in exports is helping push dry bulk freight rates to three-year highs
Aims to reduce coal consumption by the Chinese government, has been put off due to strong demand from domestic steel mills.