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, 24 December 18
DRY BULK MARKET: CAPESIZE MARKET ON BACKFOOT AS 2018'S END DRAWS NEAR - THE BALTIC BRIEFING
Capesize
Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route ...
Friday, 21 December 18
4.2 MILLION DWT OF DRY BULK SHIPS SCRAPPED UNTIL 17 DEC, DOWN 71.6% Y/Y - BIMCO
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An al ...
Thursday, 20 December 18
INDONESIAN COAL PRICES DIVERGE FROM KEY BENCHMARK - FITCH RATINGS
The Newcastle 6,000kcal coal price benchmark that is widely used to determine most coal price estimates for Indonesian coal miners has increasingly ...
Wednesday, 19 December 18
CHINA'S IMPORT RESTRICTIONS ON COAL SPOILS THE PARTY FOR PANAMAXES - DREWRY
The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Pa ...
Wednesday, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as decli ...
|
|
|
Showing 1516 to 1520 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
|
| |
| |
|
