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Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with the official death toll rising to 213 people on 31 January 2020. Approximately 50 million people is on lockdown in 16 quarantined cities (source: The Washington Post on 28 January 2020).
The outbreak coincides with the Chinese Lunar New Year Holiday, the low season for seaborne demand. The outbreak has led to a nation-wide extension of the holiday until 10 February 2020 at least, essentially shutting down a large fraction of the Chinese economy. Given the rapid spread of the virus it seems likely that the shutdown could be extended even further, which is set to protract the seasonal slump for the shipping markets.
Implications for the shipping markets
Dry bulk shipping remains heavily reliant upon robust Chinese imports and a prolonged shutdown of the Chinese economy is set to bring a significant slowdown of industrial production, which will inevitably deepen the seasonal slump that the dry bulk is currently stuck in. IMO2020 is also taking its toll.
China’s import of crude oil products plays a pivotal role for tanker shipping. The virus has already taken its toll on domestic demand for oil products and anecdotal evidence suggests that Chinese refinery utilization rates have been dropping over the past week, limiting the need for crude oil imports.
Liner shipping is dependent upon external demand, which currently remains somewhat unaffected, but a slowdown of Chinese manufacturing, induced by the virus, could lead to lesser container exports from China. Major carriers have already started to blank more sailings and the trend is expected to persist if the virus continues to spread.
Medium-term implications are hard to forecast at such an early stage, but with past virus outbreaks the markets have typically rebounded in a matter of months. The outbreak of the coronavirus adds yet another layer of massive uncertainty to the shipping markets.
Naturally, shipyards, repair yards as well as ships in transit are also indirectly affected by this issue.
Source: BIMCO
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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Planning Commission, India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Aditya Birla Group - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
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