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The World's Leading and Only Monthly Magazine for the Dry Bulk Industry

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The World's Leading and Only Monthly Magazine for the Dry Bulk Industry i DRY CARGO DC international ISSUE NO.177 FEBRUARY 2015 FEATURES Global Coal Trades Coal Handling India Regional Report Ship Agents Coal Terminal Developments The world’s leading and only monthly magazine for the dry bulk industry VERSTEGEN GRAB MORE MORE GRAB 6ERSTEGEN'RIJPERS"6s0/"OXs"!.IEUWEGEINs4HE.ETHERLANDS TEL sFAX EMAILINFO VERSTEGENNETsWEBSITEWWWVERSTEGENNET CONTENTS Coeclerici’s Floating Transfer Station (FTS) DCi Bulk Celebes during operations. The FTS is part of a fleet comprising four units working for PT Berau Coal to perform coal loading operations at Muara Pantai anchorage in Indonesia. Coeclerici S.p.A. Piazza A. Diaz 7 – 20123 Milan, Italy T: +39 02 62 469 451 F: +39 02 62 469 444 Photo: Luca Forno (Genoa – Italy) for Email: [email protected] Coeclerici S.p.A./All rights reserved. Website: www.coeclerici.com PUBLISHERS Jason Chinnock [email protected] FEBRUARY 2015 issue Andrew Hucker-Brown [email protected] EDITORIAL featuring... Louise Dodds-Ely Editor [email protected] Jay Venter Deputy Editor [email protected] TRADE & COMMODITIES Samantha Smith Directories [email protected] Coal trade trend changing 2 Stephanie Hodgkins Office Manager WORLD COAL TRADE 2015 5 [email protected] SALES Lourens van Emmenis Sales Director SHIPPING & TRANSPORT [email protected] Sinwa commences Thailand operations 15 Matthew Currin Senior Sales Executive [email protected] Thome Group appoints new CEO 15 CORRESPONDENTS CARGO TRANSFERS MADE EASY WITH COECLERICI 16 Brazil Patrick Knight KEEPING CARGO TRANSPORT SHIP-SHAPE: SHIP AGENCY 19 Canada Ray Dykes India Kunal Bose Asia David Hayes Europe Barry Cross Malaysia Wira Sulaiman PORTS, TERMINALS & LOGISTICS Philippines Fred Pundol South Africa Iain McIntosh McAsphalt Industries Hamilton terminal: environmental award 45 Thailand David Turner UK Maria Cappuccio Terminals TIS Group: handling bulk in the Ukraine 46 UK Michael King Vizag sets manganese ore unloading record 47 UK Richard Scott USA Colby Haines COAL TERMINAL DEVELOPMENTS 51 USA Walter Mitchell ADMINISTRATIVE OFFICE ENGINEERING & EQUIPMENT Business Publishing International Repeat Siwertell road-mobile unloader deliveries 70 Corporate House, 11 Sinembe Crescent La Lucia Ridge, South Africa, 4051 Special re-handling buckets from KINSHOFER 71 Tel: +27 31 583 4360 KEEPING BULK UNDER WRAPS: ENCLOSED STORAGE SYSTEMS 77 Fax: +27 31 566 4502 IN THE BLACK? COAL HANDLING SYSTEMS UNDER SCRUTINY 115 Email: [email protected] E-CRANE HOLDS TECHNOLOGY SHOWCASE IN NEW ORLEANS 163 HEAD OFFICE DHHI: CHINESE GIANT MAKES ITS MARK ON THE BULK MARKET 166 Trade Publishing International Limited Clover House, 24 Drury Road, Colchester, Essex CO2 7UX, UK REGIONAL REPORT Tel: +44 (0)1206 562560 Fax: +44 (0)1206 562566 BRIGHT FUTURE AHEAD FOR INDIA 169 Email: [email protected] Website: www.dc-int.com ISSN 1466-3643 Trade Publishing International Ltd does not guarantee the SUBSCRIPTION RATES 2015 FEBRUARY information contained in Dry Cargo International, nor does 1 year 2 years 3 years it accept responsibility for errors or omissions or their consequences. Opinions expressed herein are not UK £170.00 £280.00 £365.00 necessarily those of Trade Publishing International Ltd Europe £210.00 £355.00 £460.00 USA & ROW £260.00 £445.00 £580.00 If you do not subscribe, this copy of Dry Cargo International could be your last. Please © Trade Publishing Int’l Ltd 2015 complete the order form on p176 to guarantee delivery of your regular monthly copy. DCi 1 Coal trade trend changing lobal seaborne dry bulk trade grew fairly briskly China jumped by 14%, reaching a vast total of 933mt. The G last year, but the expansion rate estimated was upwards trend may continue during 2015 as well, according noticeably lower than seen in the three preceding to many forecasters. Lower international iron ore prices years. Restraining influences affecting commodity import make imports more attractive compared with ore from demand became more prominent, and this slackening Chinese domestic mines, some of which is being displaced. pattern may continue during 2015. The IMF’s latest forecasts of economic growth, published GRAIN towards the end of last month, provide some limited Since the middle of last year grain trade has weakened, encouragement about the background for trade. World GDP mainly as a result of lower imports into Europe and China. is predicted to increase at a slightly improved pace of 3.5% Both of these importers experienced good domestic grain in 2015, compared with 3.3% in each of the past two years. harvests in mid-2014, ensuring ample supplies and enabling A boost from lower oil prices is expected to have a foreign purchases to be reduced. favourable impact, but some negative factors including weak However, earlier forecasts of a 4–5% decline in world capital investment spending could offset the benefit. wheat and coarse grains trade during crop year 2014/15 ending June are now seen as too pessimistic. Revised COAL International Grains Council estimates published in late Although the volume of international coal trade in 2014 January show trade decreasing only slightly by 2%, to cannot be calculated accurately until more information is 300mt. Currently, it is too early to estimate trade progress available, it appears that the total was flat or possibly down from mid-2015 onwards, which is dependent on slightly. This outcome represents a marked change unpredictable weather in importing and exporting countries. compared with the strong expansion trend seen previously. Weakness in the steam coal sector was especially evident, MINOR BULKS and some parts of the coking coal sector also receded, as Weakness in global minor bulks trade, over the past twelve BULK CARRIER TRADE & FLEET OUTLOOK BULK CARRIER TRADE & FLEET shown by table 1. One very visible negative influence was a months, reflected a steep downturn in China’s imports of sharp downturn in China’s coal imports (including low-quality several items in which this country has become a dominant lignite), from 327mt (million tonnes) in the preceding year, buyer. Figures show China’s nickel ore imports down by 24% to 292mt, an 11% reduction. Currently there are no clear in 2014, to 48mt, while bauxite and alumina imports fell by signs of an improvement over the twelve months ahead. 45% to 42mt. Prospects for a rebound in the year ahead are unclear at present. IRON ORE Among raw materials importers, steel production in 2014 BULK CARRIER FLEET was only slightly stronger in many countries. Japan’s crude Additional cargo-carrying capacity joining the world bulk steel output was flat at 111mt, while China’s vast carrier fleet last year was lower than seen in the preceding steelmaking industry achieved a marginal 1% increase, to period, continuing the downwards trend. An estimated 49 823mt. In the European Union, production rose by 2% to million deadweight tonnes of bulk carrier newbuildings was 169mt. Larger rises were achieved by Taiwan, up by 4% to delivered by shipyards, as shown by table 2, a 22% 23mt, and South Korea, 8% higher at 71mt. reduction. Despite this fairly subdued backdrop, iron ore trade Based on order book schedules, tentative indications expanded very strongly, mainly because of China’s still suggest that in 2015 an increased volume will be completed, rapidly growing import demand. Imports of iron ore into possibly accelerating the fleet growth rate. TABLE 1: KEY ASIAN SEABORNE COKING COAL IMPORTERS (MILLION TONNES) 2009 2010 2011 2012 2013 2014 Japan 65.6 76.6 68.7 70.5 77.0 74.0 South Korea 16.0 23.4 25.9 25.7 26.5 30.0 Taiwan 9.4 10.2 10.7 10.5 11.0 11.0 China 34.5 47.3 44.7 53.6 75.0 60.0 India 29.0 35.0 33.0 35.5 39.0 48.0 Total of above 154.5 192.5 183.0 195.8 228.5 223.0 source: various & BSA 2014 estimates * estimate TABLE 2: BULK CARRIER NEWBUILDING DELIVERIES (MILLION DEADWEIGHT TONNES) 2009 2010 2011 2012 2013 2014 Handysize (10–39,999dwt) 5.3 8.4 10.2 10.4 6.2 5.4 Handymax (40–64,999dwt) 10.5 19.0 22.0 20.9 14.6 11.3 Panamax (65–99,999dwt) 6.7 14.4 22.2 27.0 20.0 13.5 Capesize (100,000dwt and over) 21.0 38.6 45.6 41.9 22.1 18.8 Total 43.5 80.4 100.0 100.2 62.9 49.0 % change from previous year +76.8% +84.8% +24.5 +0.2 –37.2 –22.1 source: Clarkson Research & BSA 2014 estimates * estimate FEBRUARY 2015 DC i by Richard Scott, Bulk Shipping Analysis, Tel: +44 (0)12 7722 5784; Fax: +44 (0)12 7722 5784; e-mail: [email protected] 2 NEWS CONFERENCE SCHEDULE 2–4 MARCH F: +44 (0)20 7779 8946 Indonesia 14th Coaltrans India E: [email protected] Coaltrans Conferences Ltd New Delhi W: www.coaltrans.com T: +44 (0)20 7779 8945 TRADE & COMMODITIES India 7–8 MAY F: +44 (0)20 7779 8946 Coaltrans Conferences Ltd 2nd Coaltrans West Coast E: [email protected] T: +44 (0)20 7779 8945 Vancouver W: www.coaltrans.com F: +44 (0)20 7779 8946 Canada 2–3 SEPTEMBER E: [email protected] Coaltrans Conferences Ltd 8th Coaltrans Brazil W: www.coaltrans.com T: +44 (0)20 7779 8945 TBA 17–20 MARCH F: +44 (0)20 7779 8946 Brazil Breakbulk China 2015 E: [email protected] Coaltrans Conferences Ltd Shanghai W: www.coaltrans.com T: +44 (0)20 7779 8945 China 26–27 MAY F: +44 (0)20 7779 8946 Breakbulk Events 3rd Coaltrans Poland E: [email protected] Gary Tang Sopot W: www.coaltrans.com T: +852 2 132 9698 Poland 7–11 SEPTEMBER E: [email protected] Coaltrans Conferences Ltd London International Shipping Week W: www.breakbulk.com T: +44 (0)20 7779 8945 London 16–17 APRIL F: +44 (0)20 7779 8946 UK 13th Coaltrans China E: [email protected] Shipping Innovation Beijing W: www.coaltrans.com T: +44 1295 814455 China 7–9 JUNE E: [email protected] Coaltrans Conferences Ltd 21st Coaltrans Asia W: www.londoninternationalshippingweek.com T: +44 (0)20 7779 8945 Nusa Dua e-coal consultancy services publications price information electronic data sales international coal market intelligence www.e-coal.com pembs net ltd, the moors, llanteg, pembrokeshire, uk tel +44 (0) 1834 831400 fax +44 (0) 1834 831100 [email protected] World coal trade 2015 TRADE & COMMODITIES In Canada, plans to double the capacity of Ridley Terminals to 25mtpa by the end of 2015 have been delayed by up to five years.
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