540 million tons of coal imported, 10% . While this percentage may seem small, the absolute volume of imports makes China the largest coal importer in world history.
The stuff imported by ship primarily came from the Gulf States. As well as Iran. The Iran batches in particular are important as Iran sold to them at discounted rates.
So even if it is restored. If it’s restored at non-discounted rates. It’s still an economic blow to them. They previously also had operations going in Venezuela. Though the Yoinking put an end to that.
China’s vaunted navy only has 12 oiler ships.
3 easy to cut off pipelines. Tankers easy to cut off. Container ship fleet has a high oil demand and are crucial to China’s economy.
Multiple vulnerabilities :
540 million tons of coal imported, 10% . While this percentage may seem small, the absolute volume of imports makes China the largest coal importer in world history.
And where do they get most of that oil? And which ships are stuck in the gulf?
The stuff imported by ship primarily came from the Gulf States. As well as Iran. The Iran batches in particular are important as Iran sold to them at discounted rates.
So even if it is restored. If it’s restored at non-discounted rates. It’s still an economic blow to them. They previously also had operations going in Venezuela. Though the Yoinking put an end to that.