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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 ...
Monday, 01 June 20
SUPRAMAX: IN SOUTH EAST ASIA RATES TRADED SIDEWAYS - BALTIC BRIEFING
Capesize
A sober end to the week, with the market seemingly ready for the weekend. After a steady week of rate declines a small flurry of Atlan ...
Friday, 29 May 20
COVID-19: COAL SUPPLY BY CIL TO POWER SECTOR DIPS 22% TO 32 MT IN APRIL DUE TO DEMAND SLUMP - PTI
Over 95% of CIL’s production comes from its 171 open cast mines.
The supply of coal to the power sector by state-owned Coal In ...
Friday, 29 May 20
AUSTRALIA'S NEW HOPE WARNS OF HIT FROM COAL PRICE SLUMP - REUTERS
Australia’s New Hope Corp Ltd said on Thursday that a sudden drop in thermal coal prices and lower output from its Queensland operations woul ...
Friday, 29 May 20
GOVT MAY LAUNCH COAL BLOCKS AUCTION PROCESS UNDER COMMERCIAL MINING ON JUN 11 - PTI
The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected to go under t ...
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- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- The University of Queensland
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
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