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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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Saturday, 10 August 13
DEMOLITION ACTIVITY TO BE CRUCIAL AGAIN IN PROVIDING SUPPORT TO THE DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
We appear to have forgotten demolition activity this year, with the Baltic Dry Index gaining traction in the latter part of the second half and emer ...
Friday, 09 August 13
US PRODUCED 4.00 PERCENT LESS COAL ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.00 million short tons (mmst) of ...
Thursday, 08 August 13
HANDY : NO POSITIVE SENTIMENT FOR THE FAR EAST MARKET - FEARNRESEARCH
Handy
No positive sentiment for the Far East market. There are a number of ships coming open in SE Asia this week and owners rating mid/high USD 8k ...
Thursday, 08 August 13
MALAYSIA HOSTS THIRD ANNUAL ASIAN SUB-BITUMINOUS COAL USERS' GROUP CONFERENCE
Press Release : The third Annual Asian Sub-Bituminous Coal Users’ Group (ASBCUG) conference convenes Sept. 30-Oct. 3 at the Eastern & Orie ...
Wednesday, 07 August 13
HANDIES : FINDING IT DIFFICULT TO SUSTAIN THEIR PREVIOUS LEVELS - KONSTANTINOS KONTOMICHIS
Broker's insight
by Konstantinos Kontomichis,
SnP Broker
Entering the most predictable month of the year, as expected the seasonal effects ha ...
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Showing 4171 to 4175 news of total 6871 |
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- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
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