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Wednesday, 23 March 16
THE PANAMA CANAL - WILL THE MELTING OF POLAR ICE CAPS CREATE RIVAL NAVIGATIONAL WATERWAYS THROUGH THE ARCTIC? - INTERMODAL
 The Panama Canal, 102 years after its initial opening, is now about to have its expansion completed with a cost of USD5.25 Billion. It is a project financed by International credit institutions of Japanese, European and American interests.
In August 1914, when the first ship crossed the Canal, this route changed world trade. The torturous completion of the de Lesseps works is recognized as one of the greatest engineering milestones of the 20th century. Now, just over a century later, the thriving shipping artery of the Panama Canal is worth an impressive USD 1 billion per annum for Panama. The ever growing Shipping transport needs have led to the biggest and most important infrastructure development since its creation: the widening of the Panama Canal.
The size of the Panamax ships is constrained by the existing size of the locks (33.53m wide, 320.04 m long and 12.56 m deep). The third set of locks will allow the transit of the Post-Panamax type vessels, the Super Post-Panamax. Maximum vessel capacity will increase to 49m width, 366m length and 15.2m draft. Container vessel-wise this means from about 5,000 to a 13-14,000 TEU capacity. Dry cargo-wise it means that up to the size of a small Caper will be accommodated. Wait time will remain constant, or even increase, at least until the PCA (Panama Canal Authority) come to grips with the operation of the new lock. The Panama Canal Authority is training its personnel to ensure that the transition will be a smooth one via the use of a simulator and hands-on experience with transit training on a chartered Neo-Panamax type vessel.
At this point of time (March 2016) the expansion is 96% complete. Excavation, infrastructure improvements, dredging improvements to the water supply, all the hard work that is about to be completed -according to the information on www.micanaldepanama.com- aim at increasing capacity to meet demand growth impacting on the international maritime trade.
The PCA anticipates that the Transit Booking System (additional 15% service charge over the regular tolls) and the Transit Slot Auction (25th slot), in operation, helps dealing with the long queuing during the high season (from December to March).
The expansion project is creating a new lane of traffic along the Canal through the construction of the new set of locks. Projected to double the capacity of the waterway, the challenge remains as to how long Panama can afford to keep expanding its Canal to meet the ever growing size of ships. Climate change is another factor which likely changes the equation.
Will Panama’s rainfall persist to the levels needed to maintain the Canal operational?
Will the melting of polar ice caps create rival navigational waterways through the Arctic?
The imminently anticipated benefits to the shipping economy are tri-fold:
a) The decrease to transport costs will facilitate the transportation of a higher volume of goods including LNG, coal and grain cargos.
b) Transhipments from Panama’s ports of Balboa, Colon and Manzanillo will link distribution centers like Shanghai with smaller hubs in S. America and the US, bolstering Panama’s strategic position.
c) The provision of an alternative route for agricultural products from the US to the Far Eastern markets which will also promote the Mississippi River corridor to a dominant position.
So we should be able to see sooner rather than later the degree to which these benefits will take place or whether expectations were set too high for this huge expenditure project.
By Sophie Cotzias
Managing Director
Cotzias Intermodal Shipping Inc
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Wednesday, 11 May 16
MARKET INSIGHT - KATERINA RESTIS
On Saturday 7th May, Riyadh replaced the long-serving oil minister of more than two decades, Ali-Al-Naimi, as part of a major government overhaul, ...
Tuesday, 10 May 16
VOLATILITY? VARIATION NO ENIGMA TO SHIPPING..... - CLARKSONS
Along with cyclicality, the other characteristic of the shipping markets which receives frequent mention is volatility. This is so evident that the ...
Monday, 09 May 16
INDONESIAN CS COAL INDICES UP CONTINUES; POSITIVE DIRECTION
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.10 percent week over week to averaging $38.82 per ton on this past Wednesday, a ...
Monday, 09 May 16
DRY BULK SHIPPING TO WITNESS STEADY PROGRESS MOVING FORWARD ON THE BACK OF GROWING TRADE VOLUMES - BIMCO
In its latest short-term analysis of the shipping markets, BIMCO reiterated its optimism on the prospects of the dry bulk market moving forward. Ac ...
Monday, 09 May 16
BALTIC DRY INDEX ENDS WEEK ON A NEGATIVE NOTE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week.
The freight market was weak and a ...
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- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Australian Coal Association
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Planning Commission, India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Minerals Council of Australia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- The University of Queensland
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
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