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Wednesday, 12 February 20
MARKET INSIGHT - INTERMODAL
 The recent Coronavirus outbreak in China has led to a global health emergency by World Health Organization and it is yet to be seen how long the phenomenon will last compared also to the SARS outbreak in 2002. By now it is evident that the spread of the virus has been much more rapid, with more than 40,000 incidents and 1,000 deaths officially reported across 25 countries to date, while these figures are expected to keep going up.
The current situation has affected various businesses and industries around the globe and especially the shipping industry. The outbreak has knocked what was a positive sentiment during the start of the year across all sectors and disturbed the markets worldwide. The markets that are deeply dependent to China’s trade have been heavily affected, while the outbreak came to a period concurrent with the Chinese New Year holidays. The extended period of China’s shutdown has shrunk trade volumes worldwide and freight rates across all sectors have plummeted. It is safe to say that the economic distress will affect the China’s economic growth for the first quarter of 2020 and the annual GDP growth as well.
The central location of Wuhan, where the virus originated, which is strategically located on the Yangtze River, is one of the globe’s busiest waterways. More than two billion tonnes of cargo are transported through ports on the mainstream of the river every year. Likewise, more than 80% of China’s inland marine traffic moves on the Yangtze River, while Wuhan itself handles close to 1.5 mill containers a year. Seven out of the ten container ports are located in China and seems that the container industry will be the first to feel the turmoil from the virus effect.
Through Wuhan thousands of tons of coal, steel and crude oil are supplied. Therefore, any major situation that grounds for prolonged disruption on the supply chain from these regions results to great effects for both China and every shareholder that is in business with China and imports goods from there. Moreover, the factories shutdown has resulted in a slowdown of manufacturing and industrial production. As discussed the intra-Asian container shipping market is the first to feel the effect from the Coronavirus and it is expected that the long-haul trades to North America and Europe will be affected. The extended holidays and emergency measures to tackle the virus are estimated to reduce cargo volumes at Chinese ports including Hong Kong by over 6 million TEUs (20 foot equivalent units) in the first quarter of 2020 and forecast global container throughput growth would fall by at least 0.7% in 2020.
Looking forward, the industry widely believes this dynamic will be short – lived. As it was the case with SARS in the past, the supply chains should hopefully resume, resulting in a demand surge, increased trade volumes and even higher than before the virus outbreak freight rates.
By Stelios Kollintzas
Tanker Chartering Broker
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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Saturday, 28 December 19
SUPRAMAX: A 63,000DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing ...
Saturday, 28 December 19
CHINESE INDUSTRIAL CITY TO FURTHER CUT COAL CONSUMPTION - XINHUA
Harbin, capital city of Heilongjiang Province in China’s northeastern industrial heartland, is planning to further reduce its coal consumptio ...
Friday, 27 December 19
MISERY LOOMS OVER TOP COAL SHIPPERS AS CHINA TO BUY LESS IN 2020 BLOOMBERG
China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.
The world ...
Thursday, 26 December 19
REVIEW OF 2019 AND OUTLOOK FOR 2020 - OPEC
Global economic growth slowed in 2019, impacted by a variety of challenges. Trade issues not only led to reduction in global final consumption but ...
Wednesday, 25 December 19
COVER FOR WAR AND TERRORISM RISKS, AND COVER IN RESPECT OF BIOLOGICAL AND BIO-CHEMICAL WEAPONS - 2020 POLICY YEAR: AMERICAN CLUB
KNOWLEDGE TO ELEVATE
This Circular describes the arrangements which have been made to provide special cover for war and terrorism risks, and c ...
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Showing 1221 to 1225 news of total 6871 |
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- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Romanian Commodities Exchange
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