Massive coal deal struck with China; North Korean import ban on coal imposed
BY SHEPARD AMBELLAS - 04.11.2017

China has banned all North Korean coal imports and has turned away a fleet of fully loaded North Korean cargo ships following a meeting between President Donald Trump and China’s President Xi Jinping at Trump’s Mar-a-Lago residence in Palm Beach, Florida April 6.

The order was confirmed by three trading companies and comes from China’s customs department.

In an April 11 article titled “Exclusive: North Korean ships head home after China orders coal returned,” Reuters reports:

A source at Dandong Chengtai, one of China’s biggest buyers of North Korean coal, said the company had 600,000 tonnes of North Korean coal sitting at various ports, and a total of 2 million tonnes was stranded at Chinese ports.

Eikon data shows that most of these ships have recently left Chinese coal ports, including Weihai and Peng Lai, returning to North Korea full or mostly filled with cargo.

Additionally, China is ramping up U.S. imports of coal after a deal was struck by both presidents turning the situation into a win-win.

https://www.intellihub.com/fleet-of-nort...nts-import-ban/