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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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Thursday, 07 April 16
PANAMAX RATES ARE FIRMING IN BOTH HEMISHEPHERES - FEARNLEYS
Capesize
With a great volume our of west Australia, rates were finally moving to upper 3's. and stabilizing towards the middle of the week in ...
Thursday, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
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- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Parliament of New Zealand
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
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