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Friday, 04 October 13
NICKEL ORE SHIPMENTS - LESSONS LEARNED FROM LOSSES
 One of the most pressing problems for the bulk shipping industry is the safe carriage of nickel ore. The increasing demand for this commodity is fuelled by China’s thirst for nickel ore as it is the principal alloy component for stainless steel.
Chinese nickel ore imports have spiralled from nearly 5m metric tonnes in 2006 to near 50m mt in 2011. The bulk of these imports come from Indonesia, with the Philippines now running very close behind.
But this fast-expanding trade has been marred by the heavy price paid in terms of lives and vessels lost. The following details tell the story:
October 2010: Jian Fu Star, 13 fatalities
November 2010: Nasco Diamond, 21 fatalities
December 2010 Hong Wei, 10 fatalities
December, 2011: Vinalines Queen, 22 fatalities
February 2012: Harita Bauxite, 15 fatalities
In August, the 2012-built Trans Summer sank off Hong Kong, but all 21 crew were saved by rescue helicopters.
All these vessels were carrying nickel ore from Indonesia to China.
As at January 2012, nickel ore made up only 0.06% of shipping world trade, but accounted for 80% of the fatalities in the bulk trades.
Under the title Liquefying Bulk Cargoes, the American P&I Club has been giving technical presentations to pass on some of the lessons learned from these casualties. Dr. William Moore, senior vice president of managers Shipowners Claims Bureau Inc. and responsible for the club’s loss prevention and risk management programmes, presented to a meeting in New York of the American Institute of Marine Underwriters. This was followed by a similar presentation to the Association of Average Adjusters of the United States and Canada by John Poulson, senior vice president and principal surveyor, Atlantic Marine Associates, New York, and responsible for overseeing all American Club vessel surveys.
A Chinese language version of the presentation is being arranged by the club’s Shanghai office for showing to club members in Asia, particularly Greater China, and also at suitable seminars.
George Tsimis, senior vice president and head of claims at Shipowners Claims Bureau, also gave a brief presentation about the nickel ore trade, the rash of major casualties since 2010, and the Harita Bauxite incident, at the annual International Maritime Law Seminar in London late September. He noted that the death toll of the Indonesia-China nickel ore trade is about four times the rate of all seafarers killed by pirates around the world each year.
The American Club has first-hand experience of the difficulties attendant upon the loading, stowage and carriage of nickel ore, and this is thought to be the first time that a detailed presentation on this problem has been prepared for the shipping and insurance industries.
The slide presentation covers international regulations, the characteristics of liquefaction, the risks to the carrying vessel, responsibilities of the ship’s staff during loading, compliance with IMSBC Code (what is really going on?), and where do things go from here – should all stakeholders take a united stand?
In a summary of its findings and investigations, the American Club says that regulations are lagging behind the realities of the nickel ore trade, and that political, economic and commercial interests and pressures make any significant progress difficult. Industry stakeholders (eg, Intercargo, BIMCO, the International Group clubs, etc) are consequently challenged to produce unified solutions.
Finally, “if a ship sinks carrying nickel ore … it is most likely the cargo is the cause.”
Source: The American Club
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Sunday, 13 October 13
API 8 CFR SOUTH CHINA COAL - AVERAGE Q4 2013 DELIVERY FELL 0.30 PERCEPT ON WEEK
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.30 percept week on week on Friday 11 October 2013. The CFR South ...
Saturday, 12 October 13
PANAMAX: OWNERS ARE AT US$ 17-18.5K PER DAY; CHARTERERS ARE AT US$ 15.5-16K - CAPT. REDDY
COALspot.com - The futures market was heavily down on the cape size vessels and the physical average charterer rates on cape size vessels dropped by ...
Friday, 11 October 13
DRY BULK FREIGHT RATE POSITIVE MOMENTUM TO BE SUPPORTED BY HIGHER DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO released its latest short term research on the shipping markets, estimating that the elevated level of Capesize TC average rates i ...
Friday, 11 October 13
US COAL PRODUCTION FALLS 7.70% IN SEPTEMBER
COALspot.com – United States the world’s second largest coal producer produced approximately 17.70 million short tons (mmst) of coal in ...
Thursday, 10 October 13
NPC AUSTRALIA SHIPPED 2.99 MILLION TONS OF COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 12.04 per cent week on week to 2.99 million mt for ...
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- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
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