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Wednesday, 10 April 19
SHIPPING MARKET INSIGHT - INTERMODAL
 The tragedy in Brazil’s Vale Brumadinho where a tailings dam collapsed in January ranks among the world’s worst mining disasters. It continues to this day as the effects of the disaster ripple through local communities and the shipping industry.
As most of us are aware, Vale is the world’s largest producer of iron ore, and runs several deep-draft ports in Brazil as well as Indonesia, Malaysia and Oman, equipped to receive Valemax ships, the biggest mineral vessels in the world, with capacity for 400,000 tonnes of ore. The company charters Capesizes and Very Large Ore Carriers (VLOCs) and its fleet primarily services the Asian energy needs.
This is actually the second dam collapse incident Vale saw in less than four years. Back in 2015 a larger dam, Samarco Mineracao SA, a joint venture between Vale and BHP, collapsed claiming the lives of 19 people and creating a major environmental disaster. So coming just a few years after a similar disaster in the same state, the Brumadinho collapse enraged many in Brazil, particularly when everyone found out that Vale had earlier received warnings about its fragile state.
The crisis at Vale is already rippling worldwide with strong effects on the iron ore markets and the Capesize segment. The price of iron ore last week surpassed $90 a tonne amid concerns that the closure of Vale’s dams could provoke a supply crunch. The company itself said it would sell a maximum of 330m tonnes of the raw material this year. Last year Vale produced 380m tonnes.
Tailings dams are cheap and obviously risky. The upstream sort have been banned in Chile and are very rare in America and Europe. Their widespread use in Brazil is one way the government helps mining firms. Miners such as Vale in particular, are obviously favoured because they often shoulder the responsibilities of governments in remote places, building schools and hospitals, for example. In Minas Gerais (literally, “General Mines”), the state where Brumadinho is located, Vale often dominates local economies as we can all understand.
This disaster weighed heavily on the market for big Capes, with still a lot of uncertainty about shipments/future exports leading to a sharp drop in rates. The miners had largely been absent from the market recently, with just a handful of other player in the region with large iron ore cargoes to move. Rates are expected to still experience a significant pressure moving forward. It is quite a unique situation and it is interesting to see it’s future dynamics in the Capesize sector.
By Christopher Whitty
Director, Towage and Port Agency Division
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
George Panagopoulos
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 reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Wednesday, 10 April 19
KOSPO INVITED BIDS FOR 160K MT OF MIN. 3700 NCV COAL FOR JUNE LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 160,000 MT of min. 3,800 Kcal/kg ~max.4,100 ...
Wednesday, 10 April 19
CHINA'S GROWING THERMAL COAL SUPPLY TO PRESSURE EXPORTERS - FITCH RATINGS
Growing Chinese thermal coal supply is likely to lead to further tightening of import controls by the government, putting pressure on seaborne coal ...
Monday, 08 April 19
5TH INDIA NUCLEAR NEW BUILD CONGRESS 2019
5th India Nuclear New Build Congress 2019
The congress in Mumbai aims to bring together representatives from governments, regulators ...
Monday, 08 April 19
THERMAL COAL PRICES FALL, INDIAN POWER PLANTS TO SEE LIMITED GAINS - BUSINESS STANDARD
Thermal coal prices are on a downward spiral globally. Australian coal prices have fallen nearly 20 per cent in the past week, and 40 per cent from ...
Monday, 08 April 19
CHEAP COAL SWELLS IN SOUTHEAST ASIA, FOILING GLOBAL GREEN PUSH - NIKKEI
Southeast Asian countries are turning to low-cost coal to satisfy their surging electricity demand as the West shies away from the fossil fuel unde ...
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Showing 1426 to 1430 news of total 6871 |
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- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Minerals Council of Australia
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Australian Coal Association
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- PTC India Limited - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
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