Analysis of Coal Railway and Port Operation around Bohai Sea

Analysis of Coal Transport Railway and Port Operation around Bohai Sea

Last year, 2.38 billion tons of coal were transported by national railways, an increase of 10.3%. Among them, the Daqin Line completed 451 million tons of cargo, Shuohuang Line completed 316 million tons of cargo, Mongolia-Hebei Line completed 54.05 million tons, Wari Line completed 33.95 million tons, all increased year on year.

This year, China’s economic construction continues to develop rapidly, urbanization is speeding up, electricity consumption of the tertiary industry and residents is expected to maintain growth momentum, and coal demand remains growth momentum. This year, it is expected that the Daqin Line will deliver 455 million tons of goods, the Shuohuang Line will complete 32-330 million tons of goods and the Mengji Line will complete 7-80 million tons of goods.

Looking back last year, the Da-Qin line completed 451 million tons of cargo, of which 401 million tons were flowing to the Bohai Rim Port and the rest to the Beijing-Tianjin-Hebei Power Plant. In sub-ports, the Daqin line flows to 203 million tons of coal in Qinhuangdao Port, 123 million tons in Jingtang Port and 74.29 million tons in Caofeidian Port.

Last year, Guotou Jingtang Port completed its coal throughput of 5.39 million tons, mainly relying on the Daqin-Cao Railway Line, all of which come from the Daqin Railway. The total coal throughput of Beijing-Tang Laogang is 32.14 million tons. It mainly relies on the Daqin-Qiancao-Luangang Railway Line, and the gathering ports are all from Daqin Line. The 36-40 Luan berth in Jingtang Port has a coal throughput of 40.81 million tons. It mainly relies on the Daqin-Qiancao-Luangang Railway Line, and the gathering ports are all from the Daqin Line.

Last year, CITIC completed 71.3 million tons of coal throughput in Caofeidian Port, 34.39 million tons in the second phase of Caofeidian Coal and 22.65 million tons in Huaneng Caofeidian Port. The above coal resources come from 74.29 million tons of Daqin line and 54.05 million tons of Mengji line.

Last year, the Shuohuang Railway completed 316 million tons of freight traffic, an increase of 2.7% over the same period last year; the annual coal traffic exceeded 300 million tons for the first time. Coal mainly flows to Huanghua Port and Tianjin Nanjiang Coal Terminal, and part of it flows to the power plants along the line. Last year, Huanghua Port completed coal throughput of 203 million tons, while Shuohuang-Huangwan Line formed a supply support for Tianjin Shenhua Coal Terminal. Last year, Tianjin Shenhua Coal Terminal completed coal throughput of 45.1 million tons.

This year, the planned shipment volume of Daqin Line is 455 million tons. Affected by the competition between Mongolia-Hebei Line and Shuohuang Line, part of Inner Mongolia’s resources flow to Mengji and Shuohuang Line, resulting in increased market competition pressure. In addition, the construction of Qinhuangdao Port, the supporting port of Daqin Line, without follow-up coal terminal in Hong Kong, has limited the annual coal shipment volume of Qinhuangdao Port to 18-210 million tons, and the possibility of a substantial increase is very low. In the next few years, the annual traffic volume of Daqin Railway will remain basically 450 million tons, with little room for increment.

This year, the volume of goods shipped on the Shuohuang Line is expected to be limited compared with last year, reaching 320-330 million tons. The throughput of its supporting port, Huanghua Port, has increased slightly from last year. This year, the coal throughput of Huanghua Port and Shenhua Coal Terminal in Tianjin is expected to reach 21.1 million tons and 45 million tons respectively.

This year, the increment of the Mengji Railway Line is between 2000 and 30 million tons, and its supporting ports, Caofeidian Port III, are relatively abundant in transport capacity; the designed transport capacity of the three ports is 200 million tons, and the coal throughput of the three ports completed last year is 125.34 million tons, and the throughput will continue to increase.