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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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Tuesday, 01 October 13
DRY BULK MARKET POISED FOR RETREAT ON CHINA HOLIDAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always b ...
Monday, 30 September 13
NEWCASTLE'S COAL EXPORT VOLUME CONTINUES TO SLIP
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 8.38 per cent week on week to 2.67 million mt fo ...
Monday, 30 September 13
PANAMAX CHARTER RATES TOUCHING US$ 18K FOR A TRIP TO NOPAC - CAPT. REDDY
COALspot.com : The freight market continued to remain firm, BDI and the Panamax index up week ended 27 September 2013.
The cape index was fell to ...
Sunday, 29 September 13
API 8 CFR SOUTH CHINA COAL Q3 2014 DELIVERY SWAP GAINED $1.19 M-O-M
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 ...
Sunday, 29 September 13
SUB-BIT INDONESIA COAL SWAP FELL ON MONTH AND WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 3.93 percept month on month on Friday 27 September 2 ...
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- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
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