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.
|
|
Friday, 06 July 18
HOW FLEET SIZE, CORPORATE PROFILE AND STRATEGY ARE DECIDING FACTORS IN SELECTING AN APPROPRIATE FINANCING STRATEGY - PWC
KNOWLEDGE TO ELEVATE
The challenges that shipping companies are facing when selecting an appropriate financing strategy during the current per ...
Friday, 06 July 18
INDIA: GOVT TO RELAX CURBS ON INDIAN FIRMS CHARTERING FOREIGN SHIPS - HINDU BUSINESS LINE
The Ministry of Shipping is clearly in reform mode. On the heels of the recent relaxation of the cabotage law, which allows foreign flag vessels to ...
Friday, 06 July 18
AUSTRALIAN NEWCASTLE SPOT COAL PRICES HIT $120 FOR 1ST TIME SINCE 2012 - REUTERS
Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot m ...
Thursday, 05 July 18
WHAT THE FAILED GLENCORE-TOHOKU COAL TALKS MEAN FOR THE MARKET - REUTERS
Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan’s Tohoku Elec ...
Thursday, 05 July 18
INDONESIAN COAL PRICE REFERENCE HITS 74 MONTHS HIGH OF $104.65 A TON
COALspot.com: HBA keeps rising. According to latest ministerial decree No.1892 K/30/MEM/2018 dated 2 July 2018, the Indonesian Coal Price Reference ...
|
|
|
Showing 1676 to 1680 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Australian Coal Association
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
|
| |
| |
|
