We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
The 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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 08 April 19
SULPHUR 2020 - COUNTDOWN TO THE SWITCHOVER - LLOYD'S REGISTER
Sulphur 2020 (MARPOL Annex VI Reg. 14.1.3) is still dominating headlines and as we draw closer to the 1 January 2020 deadline it’s clear that ...
Monday, 08 April 19
INDONESIAN COAL PRICE REFERENCE PRICE PLUMMETS TO LOW NOT SEEN SINCE AUGUST 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Sunday, 07 April 19
SHIP PASSAGE PLANS - NO ROOM FOR ERROR! - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
The English High Court’s judgment in Alize 1954 v Allianz Elementar Versicherungs AG (The CMA CGM Libra) is an impo ...
Sunday, 07 April 19
IMO 2020: READY OR NOT? - WOOD MACKENZIE
New Year’s Day 2020 is firmly marked in the calendar as the refining and shipping industries prepare for change.
The International Marit ...
Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
|
|
|
Showing 1431 to 1435 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- The University of Queensland
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
|
| |
| |
|
