BIMCO: Japan update 2.
SHIPPING: The aftermath of the 9-magnitude quake is still affecting everyday life in Japan and the shipping markets are still only feeling the immediate effects of the changes in demand primarily focusing on getting energy supply up and running at normal level again.
It’s been 4 weeks since the 11th March earthquake and tsunami hit Japan north-eastern coastline and caused widespread damages with extensive knock-on effects on the Japanese economy.
The long-term effects are still very much dependant on the potentially permanent change in the energy mix that Japan may chose going forward.
Operational Port Update
The following tanker terminals are closed for business, according to an Inchcape update of 8 April 2011:
Chiba Cosmo Oil Berth No.2 Jet fuel cargoes
Kashima Kashima Oil
COP No. 1 Crude/Naphtha
COP No. 2 Crude/FO/LPG
COP No. 3 Naphtha/FO/Gasoil
Mitsubishi Chem B-8 Chemical
Shin-Etsu Chem
No. 2 Chemical
Onamaha Onamaha Petroleum Sea Berth Crude/FO
Sendai JXNOE No. 1 Pier Crude/Product/LNG
The following dry cargo ports are open for business – but restrictions may apply to one or more berths, according to an Inchcape update of 8. April 2011:
Kashima, Hitachinaka/Hitachi, Onahama, Soma, Shiogama, Sendai, Ishinomaki, Ofunato, Kamaishi, Miyako, Hachinohe
BIMCO has been advised that the Nippon Foundation has established the North-eastern Japan Earthquake and Tsunami Relief Fund to assist the earthquake and tsunami. Further information is available at the website:
www.nippon-foundation.or.jp/eng/news/EarthquakeDonations.html
In addition, numerous other organizations have established similar initiatives. Details regarding these can be found at this link:
www.abclocal.go.com/wabc/feature?section=news/national_world&id=8008111
BIMCO will continue to monitor developments very closely and will regularly report to the members as facts are coming in and the effects on shipping are ascertained, weighed and carefully analysed.
Source: BIMCO / maritimedanmark.dk
