Three years ago, pictures of bulk carriers queued off the coast of Mackay in central Queensland were framed as evidence of a “renaissance” in the coal industry. There were more than 70 coal ships in the offshore gridlock in December 2017. This year there are just 12 waiting – equalling a record low mark set at the height of the coronavirus pandemic. At the world’s biggest coal export port in Newcastle, no China-bound ships are waiting or scheduled to load before Christmas. More than 50 ships carrying Australian coal are reportedly waiting off the Chinese coast.
Guardian 12th Dec 2020 read more »