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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.
Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Monday, 18 April 16
INDONESIAN 5000 GAR COAL INDEX DECLINE 1.43 PERCENT WEEK OVER WEEK - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 1.43 percent week over week to averaging $38.65 per ton on this past Friday, ac ...
Monday, 18 April 16
SOUTH KOREA STATE-OWNED UTILITY KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 70,000 Metric Tons of 4,600 kcal/kg NAR coal for ...
Monday, 18 April 16
SOUTH AFRICA RB1 COAL HAS LOST GROUND IN INDIA; RB2 MAY LOSE GRIP IF THE PRICE CROSSES US$ 50 A TON - TRADERS
COALspot.com: Indian coal consumers preferred to buy South Africa RB2 coal instead of RB1 coal recent months due to RB2's low CFR price level. ...
Monday, 18 April 16
CAPESIZE INDEX ROSE 44.66 PER CENT WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 15 April 16
PANAMAX MARKET CONTINUES TO FIRM - FEARNLEYS
Cape
It has been a positive freight market for the past few weeks, however, this week the market is taking a small breather, says Fearnleys in it ...
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- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Agrawal Coal Company - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Australian Coal Association
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
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