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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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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- ASAPP Information Group - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Parliament of New Zealand
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
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