Natural disasters in Japan still impact the shipping markets - Ongoing relief efforts supported by Nippon Foundation, among others

Natural disasters in Japan still impact the shipping markets - Ongoing relief efforts supported by Nippon Foundation, among others

Overview

It’s been four weeks since the earthquake and tsunami of 11 March hit the north-eastern coastline of Japan and caused

UPDATE2

It’s been four weeks since the earthquake and tsunami of 11 March hit the north-eastern coastline of Japan and caused widespread damages, with extensive knock-on effects on the Japanese economy. 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 the energy supply up and running at a normal level again.

The long-term effects are still very much dependent on the potentially permanent change in the energy mix that Japan may choose going forward. Yesterday, a major 7.4-magnitude aftershock shook Japan. No new damages have been reported, and no tsunami struck this time around, but it highlights that the way back to normality is paved with many different challenges.

Operational port update
The following tanker terminals are closed for business, according to an Inchcape update of today - 8 April 2011:



The following dry cargo ports are open for business – but restrictions may apply to one or more berths, according to an Inchcape update of today - 8. April 2011: Kashima, Hitachinaka/Hitachi, Onahama, Soma, Shiogama, Sendai, Ishinomaki, Ofunato, Kamaishi, Miyako, Hachinohe

Relief efforts
BIMCO has been advised that the Nippon Foundation has established the Northeastern Japan Earthquake and Tsunami Relief Fund to assist the victims of the earthquake and tsunami.  Further information is available at the website:
http://www.nippon-foundation.or.jp/eng/news/EarthquakeDonations.html

In addition, numerous other organisations have established similar initiatives. Details regarding these can be found at this link:
http://abclocal.go.com/wabc/feature?section=news/national_world&id=8008111

BIMCO will continue to monitor developments very closely and will report regularly to the members as facts are coming in and the effects on shipping are ascertained, weighed and carefully analysed.

BIMCO - Shipping Analyst: Peter Sand PS@BIMCO.ORG

in Copenhagen, DK

Coronavirus

Access BIMCO's COVID-19 related articles and advice.

Read more

Latest piracy reports

Latest industry releasable threats

 
 

ELSEWHERE ON BIMCO

Contracts & Clauses

All of BIMCO's most widely used contracts and clauses as well as advice on managing charters and business partners.

Learn about your cargo

For general guidance and information on cargo-related queries.

More about cargo

BIMCO Publications

Want to buy or download a BIMCO publication? Use the link to get access to the ballast water management guide, the ship master’s security manual and many other publications.

About a new business partner

We can help members check new business partners. We also help to recover millions of USD (undisputed) funds every year.