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Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage while increasing transit time from 16 days to 32 days according to a report by LSEG Shipping Research.
These additional costs mostly accounts for extra fuel and increases costs for an Aframax tanker by 110%, while for a large container vessel it increases by 35% for a voyage between Asia to NW Europe.
Transits through Suez have been hugely affected following the Red Sea attacks. Average monthly transits through the Suez from June to November 2023 was seen at 1914. This dropped to 1672 in December, a 12.6% drop in transits and January month-to-date transits are assessed at 947 as of 22nd Jan, which translates to a 32.6% decline.
Daily container vessel traffic within the Red Sea have dropped by almost 60% since mid-December, with the larger container ships being the most responsive to avoid the region as their transits have declined by over 80%.
For those that elect to transit via the Red Sea, ships are also using AIS to broadcast deterrence messages in addition to standard security protocols.
Fabrice Maille, Global Head of Shipping at LSEG, comments: “As we saw with the grounding of the Ever Given in 2021, the importance of the Suez Canal and the Red Sea to global trade cannot be understated.
“The impact of this conflict is therefore considerable leading to very difficult decisions to be made regarding financial costs and security risks.
“Our customers are bringing together a vast array of data points from insurance premiums, average speed, and even AIS messages aimed at threats, in real-time, to mitigate these risks effectively. Their feedback is also helping us develop tools and solutions to help respond to future crises.”
Source: LSEG
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Thursday, 27 January 22
2022 - A YEAR OF REBALANCING FOR METALS AND MINING - WOOD MACKENZIE
If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, says Wood Mackenzie, a ...
Wednesday, 26 January 22
MARKET INSIGHT - INTERMODAL
While it is logical that most of the S&P reports of the first weeks of the year are linked to very limited activity as reflected in the weekly ...
Wednesday, 26 January 22
INDONESIA: DME PROJECT IS ECONOMICALLY VIABLE AS STUDY DEMONSTRATES
The government is encouraging downstream coal processing or increase in coal added value, for example by turning coal into Dimethyl Ether (DME) to ...
Wednesday, 26 January 22
COMMODITY PRICES COULD SOAR IF THE RUSSIA-UKRAINE CRISIS ESCALATES - ING
It appears that a number of commodity markets are starting to at least price in some geopolitical risk around the growing tension between Russia an ...
Wednesday, 26 January 22
INDONESIA'S COAL BAN SENDS PRICES SOARING, OTHER EXPORTERS FAIL TO STEP UP - REUTERS
Indonesia’s short-lived ban on exporting coal has sent ructions through the seaborne market for the fuel in Asia, with the fallout likely to ...
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- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- GMR Energy Limited - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Australian Coal Association
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
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