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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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- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- ASAPP Information Group - India
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
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