U.S. coal shipment to China shifts to South Korea amid trade spat

Reuters  |  HOUSTON 

By Eaton

The Underdog was loaded with 63,000 metric tonnes of coal on July 23 in Long Beach, California, and sailed to China, where it arrived off the coast of Nanshan on Aug. 17. It spent a week idling off the before departing for Yeosu, South Korea, where it is expected to arrive on Aug. 28, according to vessel tracking data.

The Underdog was one of several U.S. cargoes that have rerouted amid the U.S. trade dispute with Last month, a coal cargo on the Navios Taurus shifted to after originally heading to

On Thursday, the U.S. levied 25 percent tariffs on Chinese goods including semiconductors, and China responded with tariffs on goods valued at a similar $16 billion, including oil, coal and and medical equipment.

U.S. coal exports to China dropped in July, with only two other tankers, the Navios Altair I and Glory, departing from to China, and carrying a combined 128,000 metric tonnes of coal. No ship with U.S. coal departed for China in August, data show.

The shipped 3.2 million tonnes of coal to China last year, up from less than 700 tonnes in 2016, making it China's seventh largest supplier.

(Reporting by Eaton; Editing by Sandra Maler)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, August 25 2018. 02:05 IST