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Wednesday, 20 May 20
MARKET INSIGHT
 Seafarers keep maritime trade going so that the food, raw materials, energy and manufactured goods on which so many depend can continue moving around the world. At this critical point during these unprecedented times, people outside the maritime industry can now better understand and realize the role of seafarers in this industry, it’s wide spectrum and that ninety percent of global trade is transported by commercial seaborne transportation.
It has been three months since the crew-repatriation issue first arose and despite a major lobbying effort on the part of the shipping industry, there has been remarkably little progress in terms of actually getting crewmembers home. Apart from the main aspects of the problem, there is a lot of logistical planning and coordination into this, a key requirement of which is the resumption of international flights.
Most countries around the world are trying to get back to what is displayed in the media as a new normal, in an attempt to restart their economies, but ultimately if the crew changes problem is not resolved quickly and as a result ships aren’t able to operate safely and support vital trade routes and cargoes, the respective economies will not have the fundamentals to restart properly. Seafarer labor interests agreed to not stand in the way of one-month extensions to employment contracts on March 15, on April 15 and and again on mid-May. At the moment, however, the status quo has not changed and internationally recognized bodies such as the ITF (International Transport Federation ) are stressing again that if we do not see tangible and significant progress now or the latest by mid-June, then we will be facing an even bigger problem and multiple threats related to the health and wellbeing of seafarers at sea and the risks associated with this vague landscape.
The pandemic outbreak halted virtually all crew repatriations from ships, so crews have kept working way beyond their original contract terms, away from their families who are also going through restrictions. The oceangoing shipping industry has been working aggressively to solve the crew-repatriation issue, urging governments to designate seafarers as “key workers” and allow them to transit regardless of nationality. The ITF meets frequently with delegates of the International Chamber of Shipping (ICS), which represents the ship operators; the World Health Organization; the International Maritime Organization (IMO); and the International Labor Organization (ILO).
The International Chamber of Shipping, which represents 80 percent of the world’s merchant shipping tonnage, and the International Transport Federation which speaks for two million seafarers, have issued a bipartisan call for action to: Designate a specific and limited number of airports for the safe movement and repatriation of crews, redefine seafarers as key workers providing essential services during the COVID-19 pandemic, lift national restrictions designed for non essential passengers and deliver their commitment to keep supply chains open by taking urgent measures on the issue.
Seafarers need to be supported and enabled in the essential role they play in our societies so that the human factor does not fail and make the recovery stage from this pandemic more difficult.
By Christopher Whitty
Director, Towage & Marine Port Services
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.George Panagopoulos
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
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- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- The University of Queensland
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
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