Dry Bulk Shipping: China's Coal Imports Keep Declining

China's seaborne coal imports declined by 14.0% year-on-year to 126.2 million tonnes in Jan-May 2026, with notable drops from key suppliers including Russia (-18.3%), Australia (-17.1%), Canada (-38.1%), and the USA (-70.4%), signaling a sustained reduction in dry bulk shipping demand on major coal trade routes. Key Chinese discharge ports such as Machong, Qinzhou, Fangcheng, and Gaolan are experiencing significantly reduced coal import volumes, reflecting potential slowdowns in dry bulk vessel activity across these terminals.