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Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with the official death toll rising to 213 people on 31 January 2020. Approximately 50 million people is on lockdown in 16 quarantined cities (source: The Washington Post on 28 January 2020).
The outbreak coincides with the Chinese Lunar New Year Holiday, the low season for seaborne demand. The outbreak has led to a nation-wide extension of the holiday until 10 February 2020 at least, essentially shutting down a large fraction of the Chinese economy. Given the rapid spread of the virus it seems likely that the shutdown could be extended even further, which is set to protract the seasonal slump for the shipping markets.
Implications for the shipping markets
Dry bulk shipping remains heavily reliant upon robust Chinese imports and a prolonged shutdown of the Chinese economy is set to bring a significant slowdown of industrial production, which will inevitably deepen the seasonal slump that the dry bulk is currently stuck in. IMO2020 is also taking its toll.
China’s import of crude oil products plays a pivotal role for tanker shipping. The virus has already taken its toll on domestic demand for oil products and anecdotal evidence suggests that Chinese refinery utilization rates have been dropping over the past week, limiting the need for crude oil imports.
Liner shipping is dependent upon external demand, which currently remains somewhat unaffected, but a slowdown of Chinese manufacturing, induced by the virus, could lead to lesser container exports from China. Major carriers have already started to blank more sailings and the trend is expected to persist if the virus continues to spread.
Medium-term implications are hard to forecast at such an early stage, but with past virus outbreaks the markets have typically rebounded in a matter of months. The outbreak of the coronavirus adds yet another layer of massive uncertainty to the shipping markets.
Naturally, shipyards, repair yards as well as ships in transit are also indirectly affected by this issue.
Source: BIMCO
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Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
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- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Eastern Coal Council - USA
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- White Energy Company Limited
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- PTC India Limited - India
- ICICI Bank Limited - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
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