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Wednesday, 20 May 20
MARKET INSIGHT
 Seafarers keep maritime trade going so that the food, raw materials, energy and manufactured goods on which so many depend can continue moving around the world. At this critical point during these unprecedented times, people outside the maritime industry can now better understand and realize the role of seafarers in this industry, it’s wide spectrum and that ninety percent of global trade is transported by commercial seaborne transportation.
It has been three months since the crew-repatriation issue first arose and despite a major lobbying effort on the part of the shipping industry, there has been remarkably little progress in terms of actually getting crewmembers home. Apart from the main aspects of the problem, there is a lot of logistical planning and coordination into this, a key requirement of which is the resumption of international flights.
Most countries around the world are trying to get back to what is displayed in the media as a new normal, in an attempt to restart their economies, but ultimately if the crew changes problem is not resolved quickly and as a result ships aren’t able to operate safely and support vital trade routes and cargoes, the respective economies will not have the fundamentals to restart properly. Seafarer labor interests agreed to not stand in the way of one-month extensions to employment contracts on March 15, on April 15 and and again on mid-May. At the moment, however, the status quo has not changed and internationally recognized bodies such as the ITF (International Transport Federation ) are stressing again that if we do not see tangible and significant progress now or the latest by mid-June, then we will be facing an even bigger problem and multiple threats related to the health and wellbeing of seafarers at sea and the risks associated with this vague landscape.
The pandemic outbreak halted virtually all crew repatriations from ships, so crews have kept working way beyond their original contract terms, away from their families who are also going through restrictions. The oceangoing shipping industry has been working aggressively to solve the crew-repatriation issue, urging governments to designate seafarers as “key workers” and allow them to transit regardless of nationality. The ITF meets frequently with delegates of the International Chamber of Shipping (ICS), which represents the ship operators; the World Health Organization; the International Maritime Organization (IMO); and the International Labor Organization (ILO).
The International Chamber of Shipping, which represents 80 percent of the world’s merchant shipping tonnage, and the International Transport Federation which speaks for two million seafarers, have issued a bipartisan call for action to: Designate a specific and limited number of airports for the safe movement and repatriation of crews, redefine seafarers as key workers providing essential services during the COVID-19 pandemic, lift national restrictions designed for non essential passengers and deliver their commitment to keep supply chains open by taking urgent measures on the issue.
Seafarers need to be supported and enabled in the essential role they play in our societies so that the human factor does not fail and make the recovery stage from this pandemic more difficult.
By Christopher Whitty
Director, Towage & Marine Port Services
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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Monday, 04 May 20
U.S. ESTIMATED COAL PRODUCTION FALL 39.4% YEAR ON YEAR IN THE WEEK ENDED APRIL 25 - EIA
Estimated U.S. coal production totaled about 8.6 million short tons (MMst) For the week ended April 25, 2020, says EIA in its latest report.
E ...
Saturday, 02 May 20
SUPRAMAX: ASIA, STRONGER NUMBERS - A 55.000-DWT WAS FIXED FROM INDONESIA TO CHINA IN THE MID $6,000S - BALTIC BRIEFING
Capesize
A tepid week for the big ships, as macro concerns continued to weigh heavily on the index. All of the major voyage routes lost value, ...
Friday, 01 May 20
KOSPO INVITED OFFER FOR 5600 NCV COAL FOR Q3 2020 LOADING
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 260,000 Metric Tons (MT) steam coal for Boryeong Power ...
Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY ABOUT 8% IN 2020,THE LARGEST DROP SINCE WORLD WAR II - IEA
We expect global coal demand to fall by about 8% in 2020, the largest drop since World War II, with coal use declining in virtually every sector of ...
Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY 8% IN Q1 2020 RELATIVE TO Q1 2019 - IEA
We expect global coal demand to fall by 8% in Q1 2020 relative to Q1 2019. This significant drop was driven by lower demand in the electricity sect ...
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- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- The University of Queensland
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
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