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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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Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...
Monday, 18 May 20
CHINA'S COAL OUTPUT UP 1.3 PCT IN JANUARY-APRIL: XINHUA
Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed.
&nbs ...
Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the ...
Friday, 15 May 20
CHINA'S COAL CONSUMPTION TO FALL Y/Y IN SECOND QUARTER, IMPROVEMENT EXPECTED IN SECOND HALF - INDUSTRY BODY: REUTERS
China’s coal consumption is expected to decline in the second quarter from a year earlier, but will see an improvement in the second half of ...
Thursday, 14 May 20
OPEC REVISES DOWN GLOBAL OIL DEMAND FORECAST AGAIN
Crude Oil Price Movements
Crude oil prices recorded a second sharp monthly drop in April, amid an increasing oil surplus in the spot market. Th ...
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- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- The University of Queensland
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
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