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, 30 March 18
SHIPPING INDUSTRY CONFIDENCE HITS FOUR-YEAR HIGH - MOORE STEPHENS
Shipping Confidence Survey
In February 2018, the average confidence level expressed by respondents was up from 6.2 in November 2017 t ...
Friday, 30 March 18
EXPLAINING POLAND'S COAL PARADOX - FORBES
In the U.S. coal is succumbing to market forces despite the Trump Administration’s push to support the industry. Abundant, cheap and cleaner ...
Friday, 30 March 18
THIESS SECURES $140M MT OWEN INCREASE
Thiess has secured a A$140 million increase to its contract with Glencore for coal mining services at Mt Owen in the Hunter Valley, Australia. Mt O ...
Wednesday, 28 March 18
THIESS WINS $280M WAHANA EXTENSION
Thiess has been awarded a three-year $280 million contract extension at the Wahana coal mine in South Kalimantan, Indonesia.
According to Thie ...
Wednesday, 28 March 18
RIO TINTO TO SELL KESTREL MINE FOR $2.25 BILLION - REUTERS
Rio Tinto sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk for $2.25 ...
|
|
|
Showing 1756 to 1760 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
|
| |
| |
|
