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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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Sunday, 04 August 13
COAL SWAP MARKET HAS LOST DIRECTION; STRUGGLING TO CATCH UP
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average October 2013 delivery slightly down on day, week and month on Friday, 2 A ...
Sunday, 04 August 13
INDONESIA TO INDIA SUPRAMAX FREIGHT SOFT DUE TO HOLIDAYS IN INDONESIA - VISTAAR
COALspot.com : The freight market was fairly steady this week with the BDI recovering towards north since second half of the week with the support o ...
Friday, 02 August 13
DRY BULK MARKET STABILIZES ON RENEWED MARKET ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its positive footing this week, although it's still a far cry to deem the market situation as a growing one, especiall ...
Friday, 02 August 13
ASIA ACCOUNTS FOR 27.95 PERCENT OF US COAL EXPORTS IN Q1, 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.80 million short tons (mmst) of ...
Thursday, 01 August 13
CAPESIZE: THE FLOW OF CARGOES REMAINS RELATIVELY STABLE, AND THE PACIFIC IS LOOKING PROMISING - FEARNLEYS AS
Handy
The Pacific market is still facing low activity, so no wonder that the tonnage list is getting longer. It´s still Ramadan and only a fe ...
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- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- The University of Queensland
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
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