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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.
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.
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Tuesday, 05 January 16
4200 GAR COAL INDEX FALL TOWARD $27;SLIPPED 28.05% YEAR-TO-DATE
COALspot.com: Average 5000 GAR coal index has not moved in the past week, averaging $40.12 per ton on last Thursday, according to CS (i) Coal Index ...
Monday, 04 January 16
CFR SOUTH CHINA COAL SWAP REMAIN FLAT OVER CHRISTMAS & NEW YEAR HOLIDAYS
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery rose US$ 0.68 (1.64%) per ton month over month.
A commodity swap is ...
Friday, 01 January 16
FOB INDONESIA COAL SWAP FOR Q1'16 DELIVERY CLOSED AT $36.75 PER TON
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month on month but flat week over week.
According to AsiaClear OTC coal swap' ...
Thursday, 31 December 15
COAL PRICES FELL ON WEAK DEMAND
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap decline month over month and slightly up week over week.
The Q1’ 2016 ...
Thursday, 31 December 15
2016 FOB NEWCASTLE COAL SWAP RALLY TO CLOSE AT $37.98/TON
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $1.48 per ton (4.05%) this past week compared to the sam ...
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Showing 2626 to 2630 news of total 6871 |
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- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- The University of Queensland
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
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