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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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Friday, 24 April 20
CHINA COAL PRODUCER YANZHOU COAL POSTS 9.6 PCT RISE IN 2019 NET PROFIT - XINHUA
China’s major coal producer Yanzhou Coal Mining Co., Ltd. said Thursday that its net profit saw a 9.6 percent rise in 2019.
Th ...
Tuesday, 21 April 20
INDONESIA ACCOUNTS FOR 19% OF JAPAN'S TOTAL COAL IMPORTS - BANCHERO COSTA
Coal trade in Asia is proving remarkably resilient this year, despite the global economic impact from COVID-19.
We have seen China&r ...
Tuesday, 21 April 20
COVID-19: CHARTERPARTY MATTERS FOR SHIPOWNERS - SKULD
KNOWLEDGE TO ELEVATE
Whilst the plight of cruise ships, stranded off shore with sick passengers and crew, may be dominating media headlines, t ...
Monday, 20 April 20
SUPRAMAX: A 52,000DWT SHIP FIXING AN INDONESIA COAL RUN TO CHINA AT $4400 - BALTIC BRIEFING
Capesize
This week was the strongest period seen for the Capesize market in several months. All routes globally succumbed to improved sentiment ...
Friday, 17 April 20
PANDEMIC TO BRING ASIA'S 2020 GROWTH TO HALT FOR 1ST TIME IN 60 YEARS - IMF: REUTERS
Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented ...
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- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
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