The development comes as China continues to shift to a consumption-led economy, rather than an investment-driven one.

A section of Mtwara port where construction of the first berth has been launched

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.

The 2007-built 53,503 dwt Bulk Paraiso

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

A bulk carrier waits while coal is loaded.

Aims to reduce coal consumption by the Chinese government, has been put off due to strong demand from domestic steel mills.