Typhoon Morakot is located approximately 225 miles (360 kilometres) south-southwest of Okinawa in Japan and is tracking westward, according to the Joint Typhoon Warning Center (JTWC). Morakot is currently a Category 1 typhoon and is moving at 11 mph (18 kmph) with sustained winds of around 92 mph (148 kmph).
According to the JTWC, Morakot is forecast to maintain its westward motion over the next 12 hours, before shifting to a northwest direction and heading towards northern Taiwan. The JTWC’s latest forecast indicates Morakot will strengthen over the next 24 hours and reach a peak intensity of a Category 3 storm prior to making landfall in northern Taiwan late on August 7, 2009 (UTC). Northern regions of Taiwan, including the capital of Taipei, are expected to be subjected to hurricane-force winds as Morakot moves across the island. The typhoon is forecast to weaken to a Category 2 storm as it crosses Taiwan and exits into the Taiwan Strait. Further weakening is expected at this time and Morakot is then expected to make landfall in China on August 8 or August 9 near Fuzhou City (population of around 6.6 million) in Fujian Province.
Hazard data illustrated in the CAT-i map was taken from i-aXs®, Guy Carpenter’s web-based risk management platform. i-aXs users can view impacted areas on any map as well as see how their portfolios were affected. Please contact your broker or Instrat® representative for assistance or go to www.i-axs.info for further information.
Taiwan’s Central Weather Bureau (CWB) has issued land and sea alerts for Morakot and advised residents in northern regions to start taking anti-typhoon measures to guard against powerful winds and heavy rain. The CWB added that most regions of the island could experience flash floods and mudslides because the typhoon has a radius of 155 miles (250 kilometers). In China, the central observatory has issued an orange alert, the second highest, and authorities warned residents living in coastal areas of Zhejiang and Fujian to take precautions. Elsewhere, berthing and oil product shipments at a refinery in southwestern Japan were suspended as the typhoon passed the region.
Sources: Joint Typhoon Warning Center, WSI, Central News Agency, Xinhua News Agency, Taipei Times, Reuters News, Platts Commodity News
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