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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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Monday, 07 October 13
SGX - CFR SOUTH CHINA COAL SWAPS END ALMOST FLAT
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
Monday, 07 October 13
Q3'14 SUB-BIT FOB INDONESIA COAL SWAP CLOSED 6.53% HIGHER THAN Q4'13
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery gained 0.53 % on day and fell 2.33 percept month on month ...
Sunday, 06 October 13
DRY BULK FREIGHT MARKET STAYS STEADY IN SPITE CHINESE HOLIDAYS - SOLYM CARRIERS SINGAPORE
COALspot.com: The freight market continued to remain firm in spite of Chinese holidays.
The BDI closed at 2,084 points on Friday 4 October or up ...
Saturday, 05 October 13
CAPESIZE EARNINGS SKYROCKET AS A RESULT OF INCREASED CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
An increased iron ore demand has triggered this latest dry bulk rally, which could get yet another boost during next week, when China is expected to ...
Friday, 04 October 13
US COAL PRODUCTION UP 2.1% WEEK ON WEEK - EIA
COALspot.com – United States the world’s second largest coal producer produced approximately 19.70 million short tons (mmst) of coal in ...
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- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- White Energy Company Limited
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
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