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Lunar new year brings some joy for bulkers stranded in China

Around three panamax and capesize ships that were stranded in Chinese waters since June last year were allowed to discharge Australian coal last week

There are still about 46 bulkers that remain stranded in China’s anchorages with Australian coal because of the political spat, according to Lloyd’s List Intelligence vessel-tracking data. Of those waiting to offload cargoes, there are six panamaxes, 25 post-panamaxes and 15 capesizes

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