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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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Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
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- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Parliament of New Zealand
- Australian Coal Association
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- The University of Queensland
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
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