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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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Thursday, 14 May 20
NEW COVID-19 GUIDELINES FOCUS ON SAFE INTERFACE BETWEEN SHIP AND SHORE STAFF - GARD
At a time when the COVID-19 pandemic is affecting the global population, it is important that ships’ crew and port workers protect each other ...
Wednesday, 13 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.4 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.93 points Monday, down 0.4 percent week on week.
The index, released by Chin ...
Tuesday, 12 May 20
IN THE FIRST 4 MONTHS OF 2020, SOUTH KOREA IMPORTED 46.6 MLN TONNES OF CRUDE OIL BY SEA, A NET DECLINE OF 14.1% YOY - BC
South Korea is certainly one of the countries which has handled better the current Covid-19 crisis. In the first week of May 2020, new cases of ...
Tuesday, 12 May 20
OIL MARKET TURBULENCE PIVOTS FOCUS ON FLOATING STORAGE TECHNICAL NEEDS - LLOYD'S REGISTER
KNOWLEDGE TO ELEVATE
Negative oil prices and off-the-scale volatility in crude markets are positive for floating storage, as the next chapter ...
Tuesday, 12 May 20
A GLOBAL ECONOMIC RESTART HAS SLOWLY BEGUN AS COUNTRIES AROUND THE WORLD GRADUALLY - ALLIED
A global economic restart has slowly begun as countries around the world gradually set their return back to “normality”. Yet by all mea ...
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- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
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