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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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Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
Thursday, 23 January 20
AFRICAN POWER PLATFORM PUBLISHES REPORTS ON POWER SECTOR FRAMEWORK FOR SELECTED AFRICAN COUNTRIES
Press Release: African Power Platform publishes Reports on Power Sector Framework for selected African Countries
With the repo ...
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- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
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