In This issue: Coal to China. Also inside: Cosco Shipmanagement, Oldendorff and Angelicoussis Group
Date: 15 January 2010
Coal to China
Our industry is currently in the midst of a crisis, and in a crisis it is often useful to look back at some of the fundamentals of our industry.
Coal challenges and opportunities for a sustainable future
In 2008, the world seaborne trade amounted to a grand total of 8,050 million tonnes and the coal trade was some 11 per cent of this. In 2007, the international coal trade was 917 million tonnes, accounting for 17 per cent of the global coal consumption as most coal is used in the country where it is produced.
Dalrymple Bay Coal Terminal – one of the world’s largest coal exporting ports
Australia’s Dalrymple Bay Coal Terminal is located at the Port of Hay Point, some 38 kilometres south of the North Queensland city of Mackay. The terminal, which was opened in 1982 with a capacity of 12 Mtpa, stretches over a distance of six kilometres. It has expanded several times after the current owner, DBCT Management, took over in June 2003. A further expansion was completed in June 2009 which took the capacity up to 85 million tons.
Low sulphur fuels: Properties and challenges
DNV has a paper about potential consequences of the introduction of the EU Directive 2005/33/EC and new sections of the California Code of Regulation title 13/17.
In the spotlight – Regional Manager Jörg Beiler
DNV has more than 900 employees in Region Greater China. Of these, some 500 are working within the maritime industry and, as China is a typical shipbuilding nation, many are located at yards from Guangzhou in the south to north of Dalian up the Chinese coastline.
Coal news, analysis and the price of coal
Founded in 1988 to produce the International Coal Report for the Financial Times, the McCloskey Group set up its own business in 2001 to forecast the coal market.
Steam Coal
Today’s steam coal market is one of huge contrast between the recession-blighted traditional demand centres of the Atlantic and the Pacific and the booming import growth being seen in China and India. Were it not for the latter, says McCloskey’s Steam Coal Forecaster, the international market would have experienced its worst slump ever. Instead it is experiencing a minor adjustment, with overall demand fairly flat at 607mt in 2009. Looking to 2010, the same contrasts look set to prevail, with the Indian market especially set to expand.
Helicopter landing
In the past few months, DNV has received an increasing number of requests to evaluate the hatch cover strength for helicopter landings, mainly from bulk carrier operators calling at Australian bulk terminals.
The Baltic Exchange and FAAs provide the industry benchmark price level
Independent market information from the Baltic Exchange provides the tools for settling almost all contracts in the bulk market.
Oldendorff – just add water
Oldendorff Carriers is headquartered in Lübeck, Germany. This is a small, historic town known for the marzipan whose logo is the old town portal. Oldendorff sports the prettiest headquarters of any bulk carrier operator and one that reflects the size of its operations.
One more first for the largest Greek owner – ‘The Angelicoussis Group’
Anangel Maritime Services Inc. the Group’s bulker arm, is the first Greek company to enter the VLOC market.
“The Kit that hit the spot”
In September DNV released its first PSC (Port State Control) Tool Kit, a collection of useful tools to support ship owners in making their ships safer and reduce the risk of a PSC detention.
The new IMSBC Code – The International Maritime Solid Bulk Cargoes Code
On 5 December 2008, the International Maritime Organisation (IMO) adopted new regulations for the carriage of solid bulk cargoes. The new code, the International Maritime Solid Bulk Cargoes Code (IMSBC Code) will supersede the existing voluntary Code of Safe Practice for Solid Bulk Cargoes (BC Code), 2004.
Operational aspects – De-ballasting capacity effecting safe and efficient loading of bulk carriers
This is the third article on Operational Aspects, with the first two printed in DNV Bulk Carrier Update No. 1 2009 and No. 2 2009.
Unbelievable market jump: Iron ore and coal rush to China – Giant order book dampens prospects
The dry bulk market exploded in the first part of November. The Baltic Dry Index jumped 50% in less than three weeks up to 19 November.