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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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Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
Thursday, 23 January 20
AFRICAN POWER PLATFORM PUBLISHES REPORTS ON POWER SECTOR FRAMEWORK FOR SELECTED AFRICAN COUNTRIES
Press Release: African Power Platform publishes Reports on Power Sector Framework for selected African Countries
With the repo ...
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- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- The University of Queensland
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
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