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India's Covid crisis is threatening to stall port operations, could affect global supply chains


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Singapore/New Delhi: India’s devastating Covid-19 crisis is threatening operations at some of its biggest ports, raising concern the action could trigger shipping delays that reverberate through global supply chains.
Karaikal Port in southern India invoked force majeure until May 24 after operations were “severely affected” from the pandemic, according to a notice on its website. The terminal, which claims to be India’s biggest non-state port, handles coal, sugar and petroleum among other commodities. Gopalpur port in Odisha has also declared force majeure, according to IHS Markit.
The situation may echo global trade disruptions seen last year after virus restrictions slowed shipments into China. While India accounts for only fraction of the global trade that China does, any delays in offloading vessels and releasing them to their next destination could create supply chain bottlenecks. ....

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Indian imported coal demand in Q2 comes under pressure on massive spike in COVID-19 cases


Indian imported coal demand in Q2 comes under pressure on massive spike in COVID-19 cases
With the recent rapid surge in the COVID-19 cases, coal demand in India is forecast to slow down in May and June to around 15 million tons (mt) each month, down 22% from the April 2021 level, following an 8.4% month-on-month (m/m) rise in April. In the second quarter of 2021, total seaborne coal imports to India is estimated to be 51.4mt, down 10% quarter on quarter (q/q) and up 23% year on year (y/y), according to IHS Markit’s Commodities at Sea.
As Indian economy was looking to be well on track with vaccination drive until last month, there was a significant increase in electricity demand in the country during March 2021, boosting electricity generation to 131TWh, up 16% m/m and 22% y/y. Coal-based power accounted for almost 80% of the power generation. ....

Pranay Shukla , Associate Director , Lead Bulk Commodities Analyst , Lead Bulk Commodities , இணை இயக்குனர் ,