Industry Updates 30.06.2012


INDUSTRY UPDATES


30 June 2012


STEEL, METALS AND MINING
Hindustan copper Ltd mulls Rs. 2000 crore smelting refinery in Vizag
Hindustan Copper Ltd (HCL) is mulling a six lakh tonne per annum smelting refinery in Visakhapatnam by investing about Rs 2,000 crore, even as it is looking for a buyer for its closed plant in Rajasthan. "We are in copper business. As a way of diversification, if I find it attractive, taking into account global scenario, treatment refining charges and doing money, then we will set up a six lakh tonne per annum smelting refinery with Rs 2,000 crore investment," HCL CMD Shakeel Ahmed said today.

The company produces about 3.5 million tonnes of copper ore out of the country's total requirement of 100 million tonnes, he said, adding this would prompt HCL to set up the facility near the ports as it has to be fed with imported copper concentrate. However, he added the company does not have any immediate intention to go for the proposed smelting refinery and it may take two-three years from here only to engage a consultancy firm for preparing the feasibility report.

"But, we are open to this project," Ahmed said. Asked whether HCL would look at roping in a partner for setting up the proposed refinery, he said, "Yes, why not? However, we have not initiated talks. It is very early to say that we will have a joint venture". Ahmed said the biggest worry for the company for making the project a reality is the fact that smelting-refining facilities are not a value creator now-a-days.

"This is the reason why we have shut down Khetri project in Rajasthan and there is no plan to reopen it in the next 2-3 years. We are even open to selling the facility, but we need to have a buyer for that," he said.
(Economic Times)
Steel imports soar 69 pc in April-May
Indonesia government has projected the country's copper exports to reach 431,000 tonnes this year.

The Daily Fixture/Index List of 28th June 2012

The Daily Fixture/Index List of 28th June 2012

FIXTURES - 28/JUN/2012

Baltic Exchange Daily Fixture/Index List 28/06/2012

BDI 994 (UP 6) BCI 1184 (UP 2) BPI 968 (DOWN 13)

BSI 1247 (UP 18) BHSI 718 (UP 6)

Last published BDTI 670 (UP 6) BCTI 568 (DOWN 3)

TIMECHARTER

'Lowlands Beilun' EdF relet 1999 170162 dwt -
details are incorrect the ship fixed privately on voyage basis and not
to Cargill>
'Iron Beauty' 2001 164218 dwt dely Fos 2/7 July trip via options trip
redel Singapore-Japan $18500 daily - Classic Maritime
'Pergamos' 2007 93270 dwt dely psg Escoumins 8/10 July trip redel
Sepetiba $11250 daily - Ultrabulk
'Ultra Panther' 2008 84000 dwt dely Sepetiba 8/14 July trip via EC
South America redel Singapore-Japan $11500 daily + $320000 bb - Bunge
'Okinawa' 2009 81397 dwt dely Rizhao spot trip via Port Latta redel
China $9000 daily - Torm
'Crest Trader' 2006 76596 dwt dely aps EC South America 20/30 July
trip redel Singapore-Japan $15500 daily + $550000 bb - Glencore
'Medi Genova' 2004 75767 dwt dely psg Cape of Good Hope 12/20 July
trip via EC South America redel Singapore-Japan $11000 daily + $450000
bb - Glencore

general cargo port tarriff in Port Sudan port/Sudan


                                 PILOTAGE
                                 CHARGES
 



A CHARGE FOR SERVICES RENERED BY PILOTS, IT IS COMPLULSORY ACCORDING TO LAW 10-1 SUDANESE HARBOURS GENERAL  REGULATIONS 1979

SERVICE CODE
SHIPS CAPACITY
ORDINARY RATES SATURDAY TO THURSDAY

P/1-1

FROM 51        GT UPTO 500     GT
51 .07 EUR

P/1-2

FROM 501      GT UPTO 2000   GT
85.11 EUR

P/1-3

FROM 2001     GT UPTO 4000   GT
122.56 EUR

P/1-4

FROM 4001     GT UPTO 6000   GT
170.22 EUR

P/1-5

FROM 6001      GT UPTO 10000 GT
190.65 EUR

P/1-6

FROM 10001   GT UPTO 20000 GT
245.12 EUR

P/1-7

OVER 20000    GT
340.44 EUR

        ALL ABOVE PLUS 12% FOR PILOTAGE ALLWANCE, RISK, VHF



                                DIGNA HARBOUR FEES
1
                                              



FROM    51    GT UPTO 500    GT
 51     EUR
P/D/1-2

FROM 501    GT UPTO 2000   GT

85.11    EUR

P/D/1-3

FROM 2001  GT UPTO 4000   GT
122.56   EUR

P/D/1-4

FROM 4001  GT UPTO 6000   GT
170.22   EUR

P/D/1-5

FROM 6001  GT UPTO 10000 GT
190.65    EUR

         ALL ABOVE PLUS 12 % FOR PILOTAGE ALLWANCE, RISK, VHF

DETENTION:-
 

1-1         If pilot has been applied for at a given time and through no fault of the port authority doesn’t require this services within half an hour of such time 50% of charges shall be paid, after half an hour full charges shall be paid.

1-2         If the Pilot age operation exceed one hour or hour if a pilot is required to meet or accompany a ship beyond the limits of the outer harbour, charges shall be for each   20 minutes as full operation.


SPECIAL RATES:-

The Daily Fixture/Index List of 27th June 2012

The Daily Fixture/Index List 27/06/2012

BDI 988 UP 7

BCI 1182 UP 14

BPI 981 DOWN 22

BSI 1229 UP 22

BHSI 712 UP 3


TIMECHARTER

'Alpha Era' 2000 170387 dwt dely retro Dangjin 21 June trip via
Brazil redel
Singapore-Japan $7800 daily - Cargill
'Lowlands Beilun' EdF relet 1999 170162 dwt dely aps Ponta da Madeira
5/10
July trip redel Continent $3000 daily + $200000 bb - Cargill
'Asita Sun' 2012 81966 dwt dely Qinzhou ppt trip via Hay Point redel
EC
India
$7700 daily - SK Shipping
'Federica Prima' 2005 76662 dwt dely EC South America 20/30 July
trip via
Brazil redel China int grain $15250 daily + $525000 bb - Beibu Gulf
'Nord Fortune' 2008 76596 dwt 13 on 31.5 + 0.3 dely Lianyungang spot
trip via

The Daily Fixture/Index List of 25th June 2012


The Daily Fixture/Index List of 25th June 2012

FIXTURES - 25/JUN/2012



Baltic Exchange Daily Fixture/Index List 25/06/2012

BDI 978 (No change) BCI 1160 (UP 5) BPI 1026 (DOWN 22)

BSI 1191 (UP 12) BHSI 707 (UP 2)

Last published BDTI 661 (DOWN 1) BCTI 571 (No change)


TIMECHARTER




'Hebei Xingtai' 2012 93721 dwt dely Hong Kong 30 June/4 July trip
via Indonesia redel S.China $7500 daily - cnr
'Moon Breeze' 2011 91900 dwt dely Amsterdam 21/24 June trip via USEC
redel Italy $7800 daily - Morgan Stanley -
'Athina Carras' 2012 82000 dwt dely Rotterdam 25/30 June trip via
Baltic redel UKC $9500 daily - Norden

Sierra Leone Flag approved P&I clubs


Sierra Leone Flag approved P&I clubs
5.2 SL Accepted P&I Clubs
THE INTERNATIONAL CLUB
- American Steamship Owners Mutual Protection & Indemnity Association, Inc.
- Assuranceforeningen SKULD
- The Britannia Steam Ship Insurance Association Limited
- The Japan Ship Owners’ Mutual Protection & Indemnity Association
- The London Steam-Ship Owners' Mutual Insurance Association Limited
- The North of England Protecting & Indemnity Association Limited
- The Shipowners' Mutual Protection & Indemnity Association (Luxembourg)
- The Standard Steamship Owner’s Protection and Indemnity
- The Steamship Mutual Underwriting Association (Bermuda) Limited
- The Swedish Club

Industry Updates 22th June 2012

 

INDUSTRY UPDATES

22.06.2012


STEEL, METALS AND MINING


Indian importer riding high on Boron added steel to avoid custom duty
Indian Express reported that leading domestic steel makers have alleged that overseas steel producers, mainly from China, have effectively side stepped paying the enhanced import duty of 7.5% by taking advantage of an anomaly in the Customs Act and selling their produce in India as ‘alloy steel’.

In a meeting with steel secretary Mr DRS Chaudhary on May 30, the Indian steel firms have said that in view of the increase in the import duty on non alloy steel from 5% to 7.5% in the Finance Bill 2012-13, the Chinese steel exporters have started bypassing the import duty classification by taking advantage of an anomaly in the duty structure.

Under Chapter 72 of the Customs Act, addition of a minimum of 0.0008% boron to steel changes the classification of this metal from ‘non alloy’ to ‘alloy steel’, which is what the Chinese companies are resorting to. They are effectively adding the minimal quantity of boron in their produce and shipping them to India as ‘alloy steel’ and are thereby avoiding paying the increased import duty.

The Daily Fixture/Index List of 21th June 2012

The Daily Fixture/Index List of 21th June 2012
FIXTURES - 21/JUN/2012

Baltic Exchange Daily Fixture/Index List 21/06/2012



BDI 978 (UP 6) BCI 1152 (UP 7) BPI 1073 (DOWN 20)

BSI 1167 (UP 21) BHSI 701 (UP 6)

Last published BDTI 663 (DOWN 5) BCTI 571 (DOWN 1)

TIMECHARTER


'Aquitania G' 2010 115000 dwt dely Rotterdam 5/7 July trip via
France & Jeddah redel Port Said $10000 daily - Bunge

'Tana Sea' 2011 92500 dwt dely Taichung 28/30 June trip via
Indonesia redel Taiwan $6500 daily - SW Shipping
'Marco' 2009 81373 dwt dely Haldia 24/29 June trip via South Africa
redel Singapore-Japan $11500 daily - Lighthouse
'Marielena' 2008 81354 dwt dely Gangavaram 22/27 June trip via EC
South America redel Singapore-Japan $10500 daily - Glencore

'Ines Corrado' 2012 81272 dwt dely Jorf Lasfar 25/30 June trip via
Kamsar redel Aughinish $12000 daily - Norden
'Lowlands Camellia' 2006 76807 dwt dely Kurashiki ppt trip via NoPac
redel Singapore-Japan $7000 daily - Bunge
'Belgrano' 2004 76759 dwt dely Rio Grande 12/24 July trip via EC
South America redel Continent $12000 daily + $325000 bb - Pioneer
Navigation

The Daily Fixture/Index List of 20th June 2012

The Daily Fixture/Index List of 20th June 2012

FIXTURES - 20.06.2012

Baltic Exchange Daily Fixture/Index List 20/06/2012


BDI 972 (UP 18) BCI 1145 (UP 5) BPI 1093 (UP 4)

BSI 1146 (UP 34) BHSI 695 (UP 13)

Last published BDTI 668 (DOWN 8) BCTI 572 (DOWN 1)


TIMECHARTER


'Mineral China' 2003 171448 dwt dely Gijon ppt trip via Port Cartier
redel Fos $4250 daily - Hanjin
'Fiskardo' 2010 83000 dwt dely Praia Mole 30 June/4 July trip via EC
South America redel UKC $12500 daily + $350000 bb - Azure
'MBA Future' 2009 82100 dwt dely Recalada 11/16 July trip redel
Rotterdam $12000 daily + $350000 bb - Azure
'Sunny Young' 2011 81966 dwt dely Portbury 22/27 June trip via
Trombetas redel UKC $10000 daily - Torm
'Pontovremon' 2001 76318 dwt dely Lianyungang 22/28 July trip via
NoPac redel Indonesia $5750 daily - Oceans 21

INDUSTRY UPDATES ON 20.06.2012


INDUSTRY

UPDATES

20th June 2012

STEEL, METALS AND MINING

COAL

Coal allocation was pro people : Sriprakash Jaiswal Coal Minister Sriprakash Jaiswal has defended Prime Minister Manmohan Singh on the issue of allocation of coal blocks saying the government had appointed an impeccable screening committee, and the top man cannot be blamed for possible misconduct at the lower level.
In a candid interview with ET, the minister gave glimpses of the government's strategy to deal with the coal controversy, and attacked critics such as Team Anna for shrugging off CAG's castigating reports on the affairs of Gujarat and Uttar Pradesh, and targeting coal block allocations, which Jaiswal argues was a pro-people move because an auction would have sharply raised prices of power, steel and cement.

A CAG report said that private companies made windfall gains of 1.86 lakh crores on account of a non-transparent policy for awarding coal blocks. The Central Bureau of Investigations is probing the matter after two BJP MPs Prakash Javedkar and Hansraj Ahir alleged that ineligible companies were awarded coal blocks and the government followed a faulty policy for award of mines. Jaiswal said the coal ministry was cooperating with the CBI and had deputed two officials to facilitate investigation.

Prime Minister Manmohan Singh had held additional charge of the ministry in UPA-1. An ally of the Congress party says that unlike 2G, the Congress cannot blame an ally for wrong doings in allocation of mines since the party has had control over the ministry during both terms of the UPA.

The Daily Fixture/Index List of 19th June 2012










The Daily Fixture/Index List 19/06/2012


BDI 954 UP 16

BCI 1140 UP 2

BPI 1089 UP 8

BSI 1112 UP 28

BHSI 682 UP 13


TIMECHARTER

'Shin Yo' 2006 76863 dwt dely US Gulf end June/ely July trip redel
Singapore-Japan $17000 daily + $700000 bb - Golden Ocean
'Triton' 2001 75336 dwt dely Cape Passero ppt trip via Ponta Da
Madeira
redel
China approx $17000 daily - Cargill
'Aldebaran One' 2000 74677 dwt dely Recalada-Vitoria rge 17/20 July
trip

The Daily Fixture/Index List of 18th June 2012


FIXTURES - 18/JUNE/2012



Baltic Exchange Daily Fixture/Index List 18/06/2012

BDI 938 (UP 14) BCI 1138 (DOWN 10) BPI 1081 (UP 16)

BSI 1084 (UP 23) BHSI 669 (UP 16)

Last published BDTI 682 (DOWN 4) BCTI 575 (DOWN 1)

TIMECHARTER



'Mariolina de Carlini' 2010 87337 dwt dely passing Gibraltar 20/25
June trip via USEC redel Skaw-Gibraltar $12000 daily - Flame
'Annou G.O' 2011 87000 dwt dely Singapore spot trip via EC South
America redel Singapore-Japan $10250 daily - cnr

The Daily Fixture/Index List of 14th June 2012






  The Daily Fixtures/Index List of 14th June 2012

BDI 912 UP 10

BCI 1162 DOWN 34

BPI 1046 UP 42

BSI 1038 UP 20

BHSI 637 UP 10


TIMECHARTER

'Milos Warrior' 2011 179276 dwt dely aps Brazil end June/early July
trip redel Continent $5000 daily + $200000 bb - Cargilll
'Dimitris Apesakis' 2008 82518 dwt dely retro Singapore 9 June trip
via EC

The Daily Fixture/Index List of 13th June 2012


FIXTURES - 13/JUN/2012



Baltic Exchange Daily Fixture/Index List 13/06/2012


BDI 902 (UP 9) BCI 1196 (DOWN 16) BPI 1004 (UP 29)

BSI 1018 (UP 11) BHSI 627 (UP 9)

Last published BDTI 689 (UP 4) BCTI 584 (DOWN 3)



TIMECHARTER



'Flora' 2011 82191 dwt - $9000 daily>
'Medi Salerno' 2008 81702 dwt dely Hong Kong 17/22 June trip via
Indonesia redel Singapore-Japan $6000 daily - cnr

Industry Updates on 13th June 2012

13.06.2012 Industry Updates

INDUSTRY UPDATES


STEEL, METALS AND MINING
MOEF draft seeks to keep miners away from inviolate forest areas
If theenvironment ministry's draft proposal for 'inviolate forest areas' is accepted, large swathes of healthy forests, including national parks, wildlife sanctuaries, tiger reserves and wildlife corridors, would be out of bounds for all mining activities, and not just coal excavation.

The ministry's draft lists criteria for identifying forest patches where mining should be banned following the GoM on coal's decision to junk the no-go policy of the environment ministry. The GoM instead asked the ministry to delineate 'inviolate forest areas' based on a new set of norms.

A committee, under environment secretary Tishyarakshit Chatterjee, has submitted its draft report that looks to give the demarcation legal teeth by notifying inviolate patches under the Environment Protection Act, 1986. Although initially promoted by the coal ministry and Coal India Limited, the no-go policy was attacked later by mining lobbies for lacking a legal mandate.

The norms proposed include forest cover, forestry type, biological richness and wildlife value of areas under review, hydrological and socio-economic benefits. These are tough criteria that can be difficult to overlook in grant of mining rights.

The formula and criteria recommended by the Chatterjee panel will mean that areas within 1 km of parks and sanctuaries and critical migratory corridors linking wildlife habitats would almost by default be regarded as inviolate.

The Daily Fixture/Index List of 12th June 2012


The Daily Fixture/Index List 12/06/2012

BDI 893 UP 9

BCI 1212 DOWN 9

BPI 975 UP 31

BSI 1007 UP 7

BHSI 618 UP 7


TIMECHARTER

'Nightwing' 2006 170000 dwt dely psg Cape Town ppt trip via Brazil
redel Continent $2000 daily - Cargill -
'Flora' 2011 82191 dwt dely Songxia 10/13 June trip via EC Australia
redel India $8000 daily - Bulk Marine
'Navios Marco Polo' Louis Dreyfus relet 2011 80647 dwt - ship did not fix to Ultrabulk as reported 11/06 Ultrabulk took the other Louis
Dreyfus relet Yasa Neslihan reported 08/06>
'Lady Marite' 2009 76500 dwt dely Karaikal spot trip via EC South
America

PARIS & TOKYO MOUs CONCENTRATED INSPECTION CAMPAIGN (CIC) ON FIRE SAFETY SYSTEMS








Following Paris MoU 45th Committee meeting in Riga, Latvia this year

it has been announced that a CIC will be carried out from September

1, 2012 jointly with Tokyo MoU on fire safety systems.


SCOPE OF THE CIC

The CIC will be carried out between September 1 to November 30, 2012 by Paris and Tokyo MoUs on Port State Control. The campaign aims to ensure compliance with SOLAS Chapter II-2 regarding constructions – fire protection, fire detection and fire extinction arrangements onboard ships.

WHAT WILL BE INCLUDED?

The inspection will include review of fire safety arrangements, maintenance records and other applicable
documentation. During inspection the Officers will be checking 12 selected items as shown on the checklist attach to this Circular and released by the Paris MoU.

The Daily Fixture/Index List of 11th June 2012





The Daily Fixture/Index List 11/06/2012


BDI 884 UP 7

BCI 1221 DOWN 2

BPI 944 UP 30

BSI 1000 UNCHANGED

BHSI 611 UP 4


TIMECHARTER

'Nord Aquila' 2012 81712 dwt dely Immingham 14/16 June trip via
Baltic redel
UKC $7750 daily - Nordic Bulk Carriers
'Navios Marco Polo' Louis Dreyfus relet 2011 80647 dwt dely Port
Talbot ppt

Fixtures of 07 June 2012

Fixtures 07.06.2012


FIXTURES - 07/JUNE/2012



Baltic Exchange Daily Fixture/Index List 07/06/2012
BDI 872 (DOWN 6) BCI 1232 (DOWN 20) BPI 882 (UP 5)
BSI 1001 (DOWN 7) BHSI 602 (No change)
Last published BDTI 690 (DOWN 9) BCTI 591 (DOWN 11)


TIMECHARTER

'Luciana Della Gatta' 1990 123000 dwt dely dop Singapore spot trip
via Indonesia redel China $6000 daily - cnr

Industry Updates 06th June 2012


INDIA

INDUSTRY UPDATES

06.06.2012

STEEL, METALS AND MINING COAL


Global coal prices cool, but weak rupee worries importers
Power companies that use imported coal have got a respite from skyrocketing fuel costs as international coal prices have softened considerably, and are projected to fall further, but the depreciation of the rupee has limited their gains. 

The coal price index for Australian coal, popularly called the NewCastle Index, and an Asian benchmark had jumped 92% between April 2009 and March 2011 to touch 127.87, but has cooled off to 98.24 last month, dropping 23% over the past year, including a 14% decline since May. API4, the index for South African coal, mirrored the trend.

Experts believe that the prices may decline further in the months ahead, making it easier for Indian power generation companies that are reeling under short supply of coal from Coal India. Power producers such as NTPC, DVC and the Adani group say that generation cost in the past few months has declined by up to 5 paise per unit as the rupee's depreciation limited the benefit of cheaper coal.

"Rough estimate shows that the cost of generation will go down by 2-3 paise for every unit of power generated," an Adani Power official said. A senior NTPC official said: "Although international coal prices have declined, a rise in rail freight and substantial depreciation of the rupee have negated some of the declines for Indian companies. Nevertheless, taking into consideration all the factors, cost of generation has declined by 4-5 paise per unit."

Paris MoU " FOCUS ON PASSENGER SHIP SAFETY IN 2013"


Paris MoU

FOCUS ON PASSENGER SHIP SAFETY IN 2013

The Paris Memorandum of Understanding on Port State Control (Paris MoU) held its 45th Committee meeting in Riga, Latvia, from 7 - 11 May 2012.
The Committee agreed that the first year of the new inspection regime (NIR) has been largely successful. An important goal of the NIR is to concentrate inspection efforts on high risk ships and reward quality shipping with a reduced inspection burden. The NIR makes use of company performance and the Voluntary IMO Member State Audit Scheme (VIMSAS) for identifying the risk profile of ships together with the performance of the flag State and the recognised organisation. The inspection history of the ship as well as the ship’s age and ship type influences the targeting. The information system THETIS is hosted and managed

Fixtures of 1ST June 2012

FIXTURES - 01.06.2012


Baltic Exchange Daily Fixture/Index List 01/06/2012
BDI 904 (DOWN 19) BCI 1298 (DOWN 21) BPI 897 (DOWN 26)
BSI 1023 (DOWN 11) BHSI 621 (DOWN 8)
Last published BDTI 707 (DOWN 9) BCTI 605 (DOWN 1)



TIMECHARTER



'Maria A Angelicoussi' 2001 169000 dwt dely Fangcheng 2 June trip via
Richards Bay redel South China $9250 daily - STX Panocean
'Umberto D'Amato' 2011 93270 dwt dely Gibraltar 5/10 June trip via
Murmansk redel China $15000 daily - Agroship
'King Hadley' 2011 82500 dwt dely Gibraltar prompt trip via Brazil &
Egypt redel Passero $9500 daily - cnr
'Medi Salerno' 2008 81702 dwt dely aps Indonesia prompt trip redel
China $5000 daily + $100000 bb - Oldendorf
'IVS Merlot' 2005 76263 dwt dely Santos end June trip redel
Singapore-Japan $15250 daily + $550000 bb - cnr
'Maritsa' 2005 76015 dwt dely Santos 15/20 June trip redel Egyptian
Mediterranean $12000 daily + $300000 bb - Egypt Bulk Carriers
'Cui Ping Feng' 2011 75485 dwt dely Itacoatiara 15/20 June trip redel
Spain $10000 daily + $200000 bb - Bunge
'Ever Shining' 1999 74346 dwt dely passing Cape of Good Hope 11/16
June trip via EC South America redel Singapore-Japan $12000 daily +
$400000 bb - cnr
'Rodon Amarandon' 2001 74090 dwt dely Rotterdam 6/11 June trip via US
east coast redel Skaw-Passero $8500 daily - Energy
'Nicos L' 2002 74000 dwt dely passing Cape of Good Hope prompt trip
via EC South America redel Singapore-Japan $12500 daily + $450000 bb -
cnr