China's Shazhou Electric cancels up to 225,000 mt low-CV Indonesian coal

Singapore — China's Shazhou Electric Power Limited Company has canceled up to five 45,000 mt Supramax cargoes of 3,400-3,800 kcal/kg NAR Indonesian coal that was due to arrive in June, sources close to the matter said June 3.

That followed the utility getting a notice from Zhangjiagang custom that it had no import quota left, and came on the heels of various measures across China since March 3 to tighten imports, the sources said.

Shazhou Electric gave verbal notice to affected parties late on June 2, a source close to the subject said June 3.

The utility sought three 45,000 mt Supramaxes of 3,400 kcal/kg NAR Indonesian coal and 3,800 kcal/kg NAR Indonesian coal in a tender released in May, sources said.

"Due to the short notice for cargoes loading in June, some of the previously booked vessels were heading towards loading ports," one source said.

Shazhou Electric was not available for comment.