The Daily Fixture/Index List of 31st July 2012

The Daily Fixture/Index List of 31st July, 2012

FIXTURES - 31/JUL/2012


Baltic Exchange Daily Fixture/Index List 31/07/2012


BDI 897 (DOWN 18) BCI 1194 (DOWN 6) BPI 982 (DOWN 28)

BSI 1032 (DOWN 15) BHSI 580 (DOWN 13)

Last published BDTI 645 (UP 2) BCTI 580 (DOWN 2)


TIMECHARTER

'Cape Kassos' newbuilding 83000 dwt dely ex yard Sundong 30 July
trip via Australia redel Singapore-Japan $8500 daily - Oldendorff
'Iron Lindrew' 2007 82191 dwt dely Hsinta, Kaohsiung 1/5 Aug trip
via Queensland redel EC India $8500 daily - Panacore
'India' 2011 80561 dwt dely US Gulf 3/8 Aug trip redel East Med
$9000 daily + $225000 bb - Egyptian Bulk Carriers
'Medi Baltimore' 2005 76469 dwt dely Sepetiba 14/16 Aug 2 laden legs
1st steels to US Gulf redel Skaw-Cape Passero $9000 daily + $200000 bb
- Ultrabulk -

'Cape' 1997 73048 dwt dely EC South America 10/20 Aug trip redel
Singapore-Japan $14000 daily + $400000 bb - Priminds
'Monte Pelmo' 2000 72917 dwt dely Liverpool 1/5 Aug trip via USEC
redel India $17250 daily - Panacore
'Belnor' 2010 58000 dwt dely Beihai spot trip via Indonesia redel
Philippines $7000 daily - Jaldhi
'Red Fin' 2011 56780 dwt dely Vietnam spot trip via Indonesia redel
India approx $12000 daily - Cargill -


PERIOD


'Oceanis' 2001 75211 dwt dely Xinsha mid Aug 17/23 months trading
redel worldwide $9250 daily - Ultrabulk -
27/07>
'Naias' 2006 73546 dwt dely China Aug/Sept 17/23 months trading redel
worldwide $9250 daily - Ultrabulk

ORE


'TBN' 160000/10 Seven Islands/Redcar 5/10 Aug $6.15 fio

Industry Updates 31.07.2012


INDUSTRY UPDATES
31st July, 2012
STEEL, METALS AND MINING
Close
COAL
Chinese thermal coal price slumps to lowest since 2009

China’s benchmark price for thermal coal fell for a 12th week to the lowest level since 2009 as electricity demand slowed and hydropower output increased.

According to the China Coal Transport and Distribution Association “Coal with an energy value of 5,500 kilocalories per kilogram at the Chinese port of Qinhuangdao dropped to a range of CNY 620 per tonne to CNY 635 per tonne”

Data compiled by Bloomberg shows that the midpoint was 0.8% less than a week earlier and the lowest price since October 19th 2009.

Electricity output in June stalled from a year earlier as China’s economy expanded in the second quarter at the slowest pace in more than three years. Demand for coal-fired power, accounting for 80 percent of the country’s needs, also fell as dams supplied more electricity amid increased rainfall.

Stockpiles at Qinhuangdao, which delivers half the nation’s seaborne domestic coal supplies, fell 0.9 percent from a week earlier to 8.47 million tonnes

Inventories were above 8 million tons for the ninth week, declining 1.2 percent this month, compared with 11 percent in July 2011, data compiled by Bloomberg show. Port stockpiles typically fluctuate during this time of the year as utilities draw down local supplies and replenish fuel from delivery harbors to meet peak summer power demand.
(Steel Guru)
Chinese coal demand to continue to fall in H2 2012 - CNCA
According to the China National Coal Association, China's coal industry will remain in the doldrums in the second half of 2012, with a further fall back in the demand for the fuel and protracted rapid growth in market supply.

Mr Jiang Zhimin VP of CNCA said that China's coal demand continued to fall in the first half of 2012 and coal consumption in the country rose 2.8% YoY to 1.97 billion tonnes, but the growth rate was 6.6 percentage points lower than the same period of 2011. Contrary to weakened demand, China's coal supply increased sharply in the interim.

The fixed asset investment in the coal sector grew 23.1% YoY in the first half to CNY 210.3 billion. The figure is 2.7 percentage points higher than the investment growth among all industries.

Moreover, China's coal production in the January to June 2012 period gained 5.6% to 1.91 billion tonnes on an annual basis. However, it saw a decline in coal deliveries during the period. The railroad carried a total 1.166 billion tonnes of coal in the first half, up 4.5% from the prior year.

In June 2012 alone, the figure was 176 million tonnes, down by 5.5% YoY and 11% MoM lower than in May 2012. The main ports handled 312 million tonnes of coal in the first half, down by 4.1% YoY. Coal shipment in June 2012 fell by almost 20% to 45.23 million tonnes.

Besides, China soaked up more coal from other countries in the first half when net imports surged by 77.5% YoY to 134.08 million tonnes. The supply glut of coal has led to mounting stockpiles in the country. Up to the end of June 2012, total coal stocks in China came to 278 million tonnes. The stocks at coal mines and key power plants posted a YoY rise of over 30% and that at ports up 67.3%.

Mr Jiang also pointed out that it remains unpredictable that how long the downturn will last and to what extent it would affect the coal industry, but seems not pessimistic about the prospect of the industry.
(Steel Guru)
Coal India board to meet tomorrow to discuss fuel supply pacts
The Coal India Board is going to meet tomorrow to deliberate on the issues related to signing of the fuel supply agreements (FSAs) with power firms, including coal imports and changes in the penalty clause of new FSAs.

The Board meeting, scheduled to be held in Kolkata, may also discuss pooling of coal prices in case the state-owned coal producer goes for imports of the dry fuel to meet the demand, sources said.

The two issues, supply of minimum assured coal supply to power firms and penalty to be paid by the Coal India for not supplying the minimum stipulated quantity, have held up signing of FSAs for many months nows. Even the intervention of the Prime Minister's Office (PMO) has failed to resolve the deadlock so far.

While Coal India says it can not guarantee more than 65 per cent of required coal as minimum assured supply, power producers have been pitching for keeping it at 80 per cent levels.

In a meeting held on July 6, the PMO is believed to have directed power companies and Coal India to sign the pact at 65 per cent of the total coal contracted for the current financial year. Besides, it had also suggested increasing the minimum supply level to 80 per cent, gradually in about four years.

However, the state-owned coal producer had postponed its Board meeting twice this month on the pretext of not receiving the written communication from the PMO on the decisions taken in that meeting.

The Power Ministry, on behalf of the firms in the sector, has suggested that Coal India should go for imports to meet the shortages in domestic supplies. It had also asked for pooling of the price of imported and domestic coal to neutralise the impact of higher prices of imported coal.

According to the official data, only 27 power plants, of 48 in all, have so far signed the supply agreements with the state-owned coal giant. These include Adani's Mundra Power plant, Lanco's Anpara Power, Reliance Power's Rosa Power Project and CESC.
(Economic Times)
IRON ORE
CEMENT
Competition commission of India imposes Rs 397 crore penalty on Shree cement
Competition watchdog CCI today imposed a penalty of Rs 397.51 crore on Shree Cement for indulging in restrictive trade practices.

The Competition Commission of India (CCI) has imposed the penalty on Shree Cement while issuing final order in the case against cement manufacturers and their trade body Cement Manufacturers Association (CMA).

"The Commission has also imposed a penalty on Shree Cement Ltd at the rate of 0.5 times of its profits for the years 2009-10 and 2010-11 aggregating to Rs 397.51 crores," CCI said in a statement.

The CCI, it added, "found eleven cement manufacturers, including Shree Cement Limited and CMA in contravention of the provisions of the Competition Act, 2002, which deal with anti-competitive agreements including cartels".

It also asked the company to refrain from such anti-competitive activities in the future. With regard to other companies, the CCI said as they were fined earlier, it was not imposing any penalty on them again for the same period of contravention.

Industry Updates 30.07.2012


INDUSTRY UPDATES
30.07.2012
STEEL, METALS AND MINING
Orissa Mineral Development Corporation gets Moef NOD TO MINE AT Odisha
Orissa Mineral Development Corporation Limited (OMDC), a subsidiary of RINL, received a nod from ministry of environment and forests to mine three-million tonne of iron-ore and 2.4 lakh tonne of manganese from leases it already owns at Kolha Roida in Odisha.

Hindustan Steelworks Construction Limited (HSCL) is likely to get the job of contract mining at OMDC's Kohla Roida mine complex in Odisha.

When mining operations actually resume at the complex, it will greatly benefit RINL which does not have captive iron-ore mines. So long, the steel company has been dependent on sourcing iron ore through merchant purchases from state-owned mining major, NMDC Limited.

Incidentally, OMDC owns reserves of 200-million tonne of iron-ore and 40-million tonne of manganese in Odisha.

RINL got steel ministry approval to acquire 51% stake in OMDC in 2010. The latest development is likely to boost prospects of RINL, which is slated to hit the market as part of its forthcoming initial public offer.
(Economic Times)
Close
COAL
Chinese coal demand growth to fall in 2012

China's coal consumption rose 2.8% YoY to 1.97 billion tonnes in the first half of this year, but such a growth rate was still 6.6% points lower than the same period of 2011.

Meanwhile, coal prices continued to fall since November last year. The China Coal Price Index (CCPI), published by China National Coal Association (CNCA) and China Coal Transport and Distribution Association (CCTD), slid by 16.8 points to 186.2 points as of June 29 compared to the peak it hit in early November.

China's coal consumption will continue to increase in line with the development of the Chinese economy, which is expected to reach around 4 billion tonnes for the whole year of 2012. But the demand growth will slow from a year ago.
(Steel Guru)
Coal buyers see defaults as prices slip: Traders
Indian coal markets are seeing scattered defaults among end-user and trade buyers in part because of a 20 percent slide in prices this year, although the vast majority are honouring their contracts, Indian trader said. International coal prices have slumped to about $85 a tonne for South African cargoes from comfortably over $100 in December because of oversupply and tepid Asian demand.

The weakness of the rupee against the U.S. dollar, along with ever-tightening credit availability, is squeezing the trade middlemen who are holding high-priced imported coal inventories, traders have said."There are some defaults by smaller traders and also two cement makers," said a source at one of India's biggest coal importers, who declined to be identified.

South African producers, who supply India's traders and cement and sponge iron makers, said they had not experienced any direct Indian defaults but were wary of any indirect impact.

A default by any player on a cargo re-sold several times in a chain would have a ripple effect, producer sources said. "We've not had any direct problems. They really have performed well as far as we're concerned but I have heard that a minority of the smaller players have had issues," one producer said.

"Some buyers (end-users) are actually defaulting now on fixed price contracts because they are being offered so much coal, of various origins, which were defaulted on by China," said an Indian trader who sells to both the Indian and Chinese markets. "These distressed cargoes are being offered at huge discounts so the buyers just take them instead," he added.

"I have a cargo for China due to load in the next week which I've already agreed to drop the price on. I'm just hoping that it will be loaded and paid for," he added. The discounts offered vary on a case-by-case basis, depending on how desperate the seller is to shift the cargoes, said an Indian coal market player who confirmed hefty discounts were on offer.

"On a standard $90 per tonne FOB deal, traders may offer $6-7 per tonne discount," he said. India has 6 million to 7 million tonnes of thermal coal in inventories at its main ports, most of it imported at prices substantially higher than those at present.

Following a slew of defaults by Indian players in 2005, the industry has made strides to gain a reputation for meeting contracts, even when the market has plunged. Suppliers flocked to the Indian market after widespread defaulting and price re-negotiation in China earlier this year.

Problems in the Chinese coal market have undermined Indian traders in their efforts to rebuild their reputation for meeting. contract terms, Indian traders have said. Some have experienced direct defaults from Chinese buyers, while Chinese defaults have led to some Indian counterparties trying to escape from contracts, they said.

End-users who had enquired for prompt cargoes are now sidelined, buried under cheap offers and saying they will not return to the spot market until August or September, they said. "We have stockpiles of South African coal (in India) which were earmarked for customers but are just going to have to sit there. We'll be bleeding until Q4," the first Indian trader said
.
(Economic Times)
Turkish coking coal imports up 45pct in May

According to the data provided by the Turkish Statistical Institute, in May this year Turkey's coking coal imports fell 4.2% compared to the previous month and were up 44.5% compared to May 2011 totaling 2.14 million tonnes.

The Daily Fixture/Index List of 30th July 2012

The Daily Fixture/Index List of 30th July 2012

FIXTURES - 30/JUL/2012

Baltic Exchange Daily Fixture/Index List 30/07/2012

BDI 915 (DOWN 18) BCI 1200 (DOWN 9) BPI 1010 (DOWN 21)

BSI 1047 (DOWN 22) BHSI 593 (DOWN 9)

Last published BDTI 643 (UP 3) BCTI 582 (DOWN 1)


TIMECHARTER

'Stalo' 2006 87036 dwt dely EC South America 10/15 Aug trip redel

Skaw-Passero $9000 daily + $200000 bb - Windrose

'Nord Venture' 2009 82211 dwt dely Haldia 2/3 Aug trip via EC South

America redel Singapore-Japan $10250 daily - cnr

'Safe Voyager' 2007 82191 dwt dely CJK 30 Jul/4 Aug trip via Nopac

redel China $7750 daily - Norden

'Mehmet Aksoy' 2012 81585 dwt dely Mobile 10/12 Aug trip redel Santos

$11000 daily - cnr

'King Hakan' 2011 79642 dwt dely Canakkale 29 Jul/4 Aug trip via

Black Sea & Saudi Arabia redel Passero $10250 daily - Glencore -



'Medi Baltimore' 2005 76469 dwt dely Santos 13/18 Aug 2 laden legs

int steels Sepetiba/US Gulf redel Skaw-Passero $9500 daily + $275000

bb - Ultrabulk

'Xiao Yu' 2011 76000 dwt dely Ennore spot trip via E C South America

redel Singapore-Japan $9000 daily - Sinochart

'Catalina' 2005 74432 dwt dely Zhangjiagang 1/5 Aug trip via Nopac

redel S Korea $6500 daily - STX Pan Ocean

'Hua Shan Hai' 1998 72731 dwt dely Haldia 31 Jul/5 Aug trip redel

China $7800 daily - Jaldhi

'Hamburg Max' 1994 72338 dwt dely Recalada 15/30 Aug trip redel

Skaw-Passero $8000 daily + $200000 bb - Windrose

'Powhatan' 1995 70153 dwt dely Karaikal 31 Jul/5 Aug trip redel China

$6000 daily - Jaldhi

'King Freight' 2009 58163 dwt dely USGulf spot trip redel

Singapore-Japan approx $22750 daily - Oldendorff -

'Mycenae' 2010 58020 dwt dely Thailand spot trip via Indonesia redel

India approx $10800 daily - cnr -

'Belocean' 2011 58000 dwt dely Kuantan early August trip via

Indonesia redel India approx $12000 daily - Pacific World Shipping -



'Saturnus' 2008 50292 dwt dely Ravenna spot trip via Tunisia redel

China $18000 daily - North China Shipping

'Alpena' 1998 47229 dwt dely Iskenderun 5/10 August trip redel

Chittagong intention steels $25000 daily - UST



'Anton Topic' 1996 45496 dwt dely N Brazil early August trip redel

Continent approx $11000 daily + approx $150000 bb - Ultrabulk -



'Yangtze Flourish' 2011 32000 dwt dely Fangcheng end July/ely Aug

trip via Vietnam redel Japan approx $8000 daily - cnr



ORE

'CSK Beilun' 1999 160000/10 Dampier/Qingdao 10/14 Aug $6.40 fio

scale/30000sc - Rio Tinto

'Stella Charlene' 2012 160000/10 Dampier/Qingdao 13/17 Aug $6.40 fio

The Daily Fixture/Index List of 27th July 2012

The Daily Fixture/Index List of 27th July 2012

Baltic Exchange Daily Fixture/Index List 27/07/2012



BDI 933 (DOWN 25) BCI 1209 (DOWN 15) BPI 1031 (DOWN 27)

BSI 1069 (DOWN 30) BHSI 602 (DOWN 15)

Last published BDTI 640 (UP 7) BCTI 583 (No change)


TIMECHARTER



'Atalanta' 2010 82094 dwt dely Nordenham 4/6 Aug trip via Murmansk
redel north Spain $8500 daily - D'Amico
'Great Mind' 2011 76500 dwt dely Port Klang 5/8 Aug trip via
Indonesia redel south east Asia $9750 daily - LDH Energy
'Agios Efraim' 1998 73018 dwt dely Butterworth 4/7 Aug trip via IBT
redel Mauban $8500 daily - Cetragpa
'Chang Hang Hao Hai' 2011 58009 dwt dely aps Texas Gulf end
July/early August trip redel Turkey intention pet coke approx $16800
daily - Noble
'Bao Bright' 2011 56582 dwt dely Jintang spot trip via SE Asia redel
China intention nickel ore approx $5000 daily - cnr -
'Ocean Prefect' 2003 53035 dwt dely Hong Kong 27/29 July trip via S
China redel EC India approx $8500 daily - cnr - report 26/07>
'Speedwell' 2003 50329 dwt dely Continent end July/early August trip
redel USGulf approx $6500 daily - Clipper
'Zena C' 1994 43188 dwt dely Morocco spot trip via Continent redel
Turkey intention scrap $14500 - Oldendorff

PERIOD

'Oceanis' 2001 75211 dwt dely Xinsha 13/28 Aug 22/26 months trading
redel worldwide $9500 daily - cnr

ORE

Industry Updates Dated 27.07.2012


INDUSTRY UPDATES
27th July,2012
STEEL, METALS AND MINING
Indian iron ore mining mess - SC cancels mining lease to 6 steel makers

The Hindu reported that the India’s Supreme Court on Thursday cancelled the mining licenses granted by the Mr Shibu Soren government in 2006 to following companies
1. Monnet Ispat and Energy Ltd
2. Jharkhand Ispat Ltd
3. Prakash Ispat Ltd
4. Adhunik Alloys and Power Ltd
5. Abhijeet Infrastructure Ltd
6. Ispat Industries Ltd (Now JSW Ispat Steel)

A two judge Bench comprising Justices RM Lodha and HL Gokhale dismissed the appeal filed by these companies and upheld a 2009 order of the Jharkhand High Court that the Government has the right to reserve mines for public sector undertakings, including SAIL.

The licences were granted in 2006 by the Mr Shibu Soren Government. They were then forwarded to the centre for confirmation because a 1969 Union Government notification laid down that mining in the Ghatkuri Hill was reserved for PSUs and that licences could not be given to private companies.

Subsequently, the Mr Madhu Koda Government withdrew these licences against which the companies moved the Jharkhand High Court.

The High Court ruled that the state is not only the owner of all mines and minerals but has the inherent right to reserve any area for the use of PSUs. The High court, therefore, upheld the Jharkhand Government order withdrawing the licences. The companies then moved the apex court against this order.
(Steel Guru)

Crack Down on Mining : Goa to cancel 40 License
The Goa government has decided to cancel licences of 40 mines, whose delay in filing of `J form' under the `Goa, Daman and Diu Mining Concession Act 1987' had been condoned by the previous Congress-led governments.

Chief Minister Manohar Parrikar today said in the state Legislative Assembly that all the 40 licences would be cancelled within two weeks. Deadline for filing J form was November 22, 1988. But some of the forms were filed as late as 2005.

J form is necessary for conversion of old mining concessions granted during the Portuguese rule into formal leases. Parrikar said that only Union Government had the power to condone the delay.

Goa has 90-odd mining leases.
(Economic Times)
Close
COAL
Indonesia coal production reaches 150 million tonnes in H1

Production by Indonesia coal miners reached 150 million tonnes in the first half of this year which was equivalent to 45.2% of the country’s total target this year. Mr Thamrin Sihite director general of minerals and coal at the Energy Ministry said that total coal production was set at 332 million metric tons this year. He did not provide comparative figures for last year.

He said that around 120 million tons of the commodities were sold to overseas market such as China, India, Pakistan, Thailand and Sri Lanka. The remaining 30 million tons were sold in the domestic market. He said without elaborating on how to do so that “We need to boost production in the second half of this year.”

Mr Thamrin said that this coal production target was higher than the 132.35 million tons in 2004 and 290 million tons in 2011. Each year, 30% of coal must be sold in the domestic market with the rest to overseas market.

Mr Bob Kamandanu chairman of the Coal Mining Association said previously that coal production targets by Indonesia were set at 390 million tons this year, higher than the 332 million tons set by the government. The association takes into account the production by small coal companies, while the government does not include that data.

According to the Energy and Mineral Resources Ministry, Indonesia is the world second-biggest shipper of thermal coal with 20.8 billion tons of proven coal reserves.
(Steel Guru)
Indonesian coal swaps decline 4th day China prices slide

Ginga Petroleum Singapore Pte, Swap contracts fell for lower quality thermal coal from Indonesia declining for 4 day. Contracts for shipments to China also dropped.

The Daily Fixture/Index List of 25th July 2012

The Daily Fixture/Index List of 25th July 2012

Baltic Exchange Daily Fixture/Index List 25/07/2012



BDI 982 (DOWN 21) BCI 1239 (DOWN 22) BPI 1088 (DOWN 21)

BSI 1133 (DOWN 23) BHSI 631 (DOWN 9)

Last published BDTI 630 (UP 3) BCTI 568 (UP 4)


TIMECHARTER


'Navios Stellar' 2009 169001 dwt dely ICDAS terminal, Turkey (near
Canakkale) mid Aug trip via Black Sea redel China $27000 daily -
Vista
'Johannes Wulf' 2010 92500 dwt dely aps US Gulf 10/17 Aug trip via
Egypt redel E.Med $8000 daily + $300000 bb - Cargill
'Kinoura' 2012 82000 dwt dely aps Recalada 20/25 Aug trip redel
Singapore-Japan $15750 daily + $575000 bb - Sinoriches
'Andrea D'Amato' 2008 76619 dwt dely Gibraltar 1/5 Aug trip via US
Gulf redel Singapore-Japan $18350 daily - STX Pan Ocean
'Penda Bulker' 2005 76520 dwt dely Piombino spot trip via Black Sea
redel Cape Passero $11000 daily - Alfred C. Toepfer
'Galapagos' 2010 75600 dwt dely EC South America 20/30 Aug trip
redel Singapore-Japan $15000 daily + $500000 bb - Glencore

'Spar Corona' 2011 58000 dwt dely Owendo spot trip via N Brazil
redel China $16200 daily - cnr
'Spar Rigel' 2010 58000 dwt dely aps Recalada end July/early August
trip redel Singapore-Japan approx $15000 daily + approx $300000 bb -
cnr
'TTM Phoenix' 2010 55947 dwt dely USGulf early August 2/3 laden legs
redel Atlantic approx $14000 daily - Ultrabulk -
'Ocean Spirit' 2006 55614 dwt dely dop Houston 5/10 August trip via
USGulf redel China intention pet coke $24500 daily - European a/c


PERIOD




'Pacific Creation' 2011 180050 dwt dely Qingdao spot 4/6 months
trading redel worldwide $10500 daily - SwissMarine
'Quorn' 1996 179689 dwt dely Singapore spot 4/6 months trading redel
worldwide $10000 daily - Louis Dreyfus


ORE




'Generous' 2010 160000/10 Dampier/Qingdao 7/11 Aug $6.90 fio
scale/30000shinc - Rio Tinto
'TBN' 160000/10 West Australia/China 23/30 Aug $6.90 fio
scale/30000shinc - Cargill

The Daily Fixture/Index List of 24th July 2012

The Daily Fixture/Index List of 24th July 2012


Baltic Exchange Daily Fixture/Index List 24/07/2012


BDI 1003 (DOWN 19) BCI 1261 (DOWN 14) BPI 1109 (DOWN 25)

BSI 1156 (DOWN 17) BHSI 640 (DOWN 7)

Last published BDTI 627 (UP 3) BCTI 564 (UP 4)


TIMECHARTER


'Tampa' 2008 177894 dwt dely Hunterston spot transatlantic round
redel Skaw-Cape Passero $4400 daily - SwissMarine
'Twinkle Star' 2012 82265 dwt dely Hamburg spot trip via Baltic
redel UKC approx $8900 daily - SwissMarine
'Seaguardian' 1999 75462 dwt dely PMO 25/30 July trip via Santos &
PG redel PMO int bulk sugar $12225 if Jebel Ali discharge $13250 daily
if Iran - Copa Shipping
'Navios Gemini S' 1994 68636 dwt dely EC South America 15/25 Aug
trip via PG redel PMO $14250 daily + $425000 bb - Louis Dreyfus
'Patriot' 2004 52454 dwt dely aps Indonesia 31 July/5 August trip
redel WC India $8500 daily + $155000 bb - Sivabulk
'Zhao Yang' 2011 31569 dwt dely CJK end Jul/early Aug trip redel EC
South America $2500 daily - cnr -

PERIOD


'Navios Helios' ex Oceanic Breeze 2005 77075 dwt dely Longkou 25
July/5 Aug 12/16 months trading redel worldwide $10250 daily - EShips
'Ten Yu Maru' 2010 58110 dwt dely China end May 12 months trading
redel worldwide $10350 daily - WBC
'Navios Soleil' 2009 57334 dwt dely Baltic spot 2/4 months trading
redel Atlantic $14250 daily - Norden

COAL


'TBN' 110000/10 Baltimore & Newport/Dangjin 7/14 Aug $30.50 fio
15000shinc-30000shinc/45000shinc $30.50 - Cosbulk
'TBN' 107000/10 Norfolk/Dunkirk 1/10 Aug $11.00 fio

The Daily Fixture/Index List of 23th July 2012

The Daily Fixture/Index List of 23th July 2012


Baltic Exchange Daily Fixture/Index List 23/07/2012


BDI 1022 (DOWN 15) BCI 1275 (DOWN 1) BPI 1134 (DOWN 22)

BSI 1173 (DOWN 19) BHSI 647 (DOWN 10)

Last published BDTI 624 (UP 2) BCTI 560 (UP 1)


TIMECHARTER



'KM Imabari' 2009 76619 dwt dely Gladstone 2/7 Aug trip via EC
Australia redel Singapore-Japan $9000 daily + $325000 bb - STX Pan
Ocean
'Nord Orion' 2006 75318 dwt dely aps Houston 10/19 Aug trip redel
Plomin $11000 daily + $400000 bb - Augustea
'Anastasia C' 2001 73311 dwt dely Lanshan spot trip via Hay Point
redel China $8500 daily - BHP Billiton
'Esna' 1998 71571 dwt dely EC South America 20/25 Aug trip redel
Singapore-Japan $14500 daily + $500000 bb - cnr
'Irini' 1988 69734 dwt dely Aarhus 27 July/2 Aug trip via Baltic &
Jeddah redel Cape Passero $11000 daily - Alfred C.Toepfer
'Wadi Albostan' 2011 57320 dwt dely S China spot trip via Indonesia
redel EC India $7500 daily - cnr
'Valiant Star' 2002 48640 dwt dely USGulf end July trip redel
Nigeria approx $20000 daily - Bunge
'Ratu Tembaga' 2004 28554 dwt dely Singapore spot trip via Geelong
redel Japan $6000 daily - cnr

PERIOD


'KM Tokyo' 2010 83483 dwt dely Zhoushan ppt 4/6 months trading redel
worldwide $9150 daily - cnr
'CMB Kristine' 2011 33684 dwt dely Continent end July 1 years trading
redel worldwide $10900 daily - cnr

ORE

TRADE AND FINANCIAL SANCTIONS ON SYRIA AND IRAN Circular dated 23.07.2012

TRADE AND FINANCIAL SANCTIONS ON SYRIA AND IRAN Circular dated 23.07.2012


The Sierra Leone International Ship Registry has issued a circular regarding the sanctions imposed by United Nations Security Council and U.S. government against Syria and Iran.


Following the current political conditions in Syria and Iran, the UN Security Council has adopted
measures against these nations through resolutions 1737 and 1803. According to the Administration’s
circular it is called upon the States to take the necessary measures to prevent the supply, sale or
transfer directly or indirectly from their territories or by their nationals or using their flag vessels or
aircraft to, or for use in or benefit of Iran, and whether or not originating in their territories if the State
determines that they would contribute to the pursuit of activities related to enrichment-related, or
reprocessing, or heavy water-related activities, or to the development of nuclear weapon delivery
systems.
The full circular of Sierra Leone International Ship Registry can be found below here.

ACT NOW

The Administration is requesting for all vessels currently navigating though, from or to Syria and Iran
to get prior an authorization and inform the Sierra Leone International Ship Registry with the following:
 Ports of arrivals or departure within Syrian territory that the vessels are planning to navigation
from or to.
 Type of trading, the companies involved with the trading, including charterer name, company
receiving the goods etc.
 Any changes to the above shall be informed to the Administration before the voyage.

INTERIM MEASURES FOR VESSEL AIR EMISSIONS In CANADA


SHIP SAFETYBULLETIN

INTERIM MEASURES FOR VESSEL AIR EMISSIONS In CANADA

Purpose

The purpose of this bulletin is to inform stakeholders of interim measures to address air emissions from vessels operating in Canada from August 1, 2012, to the date that the proposed Regulations Amending the Vessel Pollution and Dangerous Chemicals Regulations (the proposed Regulations) will be published in Part II of the Canada Gazette.
The proposed Regulations would implement the North American Emission Control Area (NA-ECA) that was adopted under Annex VI to the International Convention for the Prevention of Pollution from Ships (MARPOL). The NA-ECA enters into force on August 1, 2012, and would set a 1% limit on the sulphur content of marine fuel, followed by a 0.1% limit in 2015. The proposed Regulations would also implement a regime to control air emissions from Canadian vessels in the Great Lakes and St. Lawrence waters.

Scope

This bulletin applies to all ships over 400 gross tonnage that are subject to the Vessel Pollution and Dangerous Chemicals Regulations.

Background

Due to significant additional discussions required with the domestic marine industry, the marine air emissions regulatory package will be delayed by a few months and will not come into effect on August 1, 2012, to implement the NA-ECA and standards for Canadian vessels operating in the Great Lakes and St. Lawrence waters.
Until the proposed Regulations come into force, there would be no means to enforce international standards under the NA-ECA to limit the sulphur content in marine fuel to 1%, which come into effect internationally on August 1, 2012. As well, there would also be no means to implement new domestic standards for vessels voyaging in the Great Lakes and St Lawrence waters.
As a result of the above, interim measures are required for the period of August 1, 2012, to when the Regulations come into force, which is expected towards the end of 2012.
The NA-ECA includes waters under Canadian jurisdiction south of 60°N extending out to approximately 200 nautical miles. The NA-ECA includes waters under the jurisdiction of the United States, including Hawaii and Alaska south of 60°N. The NA-ECA also includes North American waters under the jurisdiction of France―the islands of St. Pierre and Miquelon. “Great Lakes and St. Lawrence waters” means the Great Lakes and the St. Lawrence River, their connecting waters, and the Gulf of St. Lawrence to the baseline of the territorial sea.

Transport Canada Policy

The following policy sets out interim measures to address air emissions from vessels operating in Canada from August 1, 2012, to the date that the Regulations are published in Part II of the Canada Gazette.
For all vessels trading in the NA-ECA, Marine Safety Inspectors will take the following interim measures as part of routine and planned inspections to enforce the Canada Shipping Act, 2001 (CSA 2001).
Under the current Vessel Pollution and Dangerous Chemicals Regulations, Marine Safety Inspectors can take the following measures for all vessels in Canadian ports:

The Daily Fixture/Index List of 19th July 2012

The Daily Fixture/Index List of 19th July 2012

The Daily Fixture/Index List 19/07/2012


BDI 1053 DOWN 21

BCI 1276 DOWN 10

BPI 1183 DOWN 23

BSI 1212 DOWN 27

BHSI 666 DOWN 6


TIMECHARTER

'Cape Star' 2010 176000 dwt dely Kwangyang 30/31 July trip via
Roberts Bank
redel South Korea approx $4750 daily - STX Pan Ocean
'Cape Sun' Cargill relet 1999 171746 dwt dely Rotterdam ppt trip via
Colombia
redel Skaw-Cape Passero $5350 daily - EdF
'Magsenger 8' 2012 115455 dwt dely Recalada 10/15 Aug trip redel
Rotterdam
$10000 daily + $350000 bb - Azure -
'Jo Jin Maru' 2012 98000 dwt dely Kinuura in d/c 19/21 July trip via
Newcastle redel S.Japan $9250 daily - Chubu
'Flora' 2011 82191 dwt dely Visakhapatnam 24/26 July trip via Brazil
redel
Japan $11000 daily - Marubeni
'Jin Star' 2010 79386 dwt dely EC South America 5/10 Aug trip via PG
redel
PMO $16000 daily + $600000 bb - cnr
'Lord Byron' 2005 76838 dwt dely Sakaide 19/21 July trip via NoPac
redel
Singapore-Japan int sulphur $10250 daily - cnr -
'Lowlands Nello' NS United relet 2004 76830 dwt dely ex dry dock
Nantong
20/22
July trip via Newcastle redel Taiwan $8000 daily - IMC
'Rosco Sandalwood' 2001 76801 dwt dely EC South America 30 July/3 Aug
trip
redel China $15250 daily + $525000 bb - Pacific Bulk
'Vassos' 2004 76015 dwt dely EC South America 1/10 Aug trip via
Egypt redel
Cape Passero $10500 daily + $300000 bb - Alfred C.Toepfer
'Nikolaos' 2009 75500 dwt - $525000>
'Riruccia' 1997 74002 dwt dely ex drydock Nantong 1/8 Aug trip via
EC
Australia redel EC India $8500 daily - Panacore
'Full Comfort' 1994 70181 dwt dely CJK 22/28 July trip via EC
Australia
redel
Singapore-Japan $8500 daily - cnr
'Kastro' 2008 58780 dwt dely Maracaibo spot trip redel Continent
approx
$22500 daily - Torm
'Genco Rhone' 2011 57981 dwt 13.5 on 33.5 dely Texas Gulf 25/28 July
trip
redel Turkey intention pet coke $21000 daily - Noble
'Captain Harry' 2011 57266 dwt dely Kohsichang 21/24 July trip via
Indonesia
redel full India $8500 daily - Noble
'Frederike Selmer' 2012 56847 dwt dely Continent spot trip redel
Turkey

Industry Updates 19.07.2012


INDUSTRY UPDATES
19 July, 2012
STEEL, METALS AND MINING
Close
COAL
Western coal fields limited looking for new coal bloacks in other states: Sriprakash Jaiswal
Western Coalfieds Limited (WCL) is looking at expanding in other states to augment its resources, Union Minister for Coal, Sriprakash Jaiswal said here today. The Nagpur-headquartered WCL has limited scope for expansion and hence the government is exploring ways to expand its base by allocating new coal blocks, Jaiswal told a press conference here today.

Jaiswal was all praise for WCL saying that despite several odds, it was doing extremely well and and would meet its target during the current fiscal.

"I have asked the management and trade unions to make all out efforts to go beyond theier target and achieve more. We are hopeful that WCL does better than last year," Jaiswal, flanked by Minister of State for Coal Prateek Patil said.

On non-operation of coal blocks alloted to private parties and necessary action, Jaiswal said the process of show cause notices have begun and Ministry was examining why the private parties have not started the work.

On the alleged 'Coalgate' scam, Jaiswal dismissed allegations, saying that the CBI was investigating it and none will be spared. He said that the allotment of coal blocks to the private sector was not new but started in 1993 and continued by successive governments.
(Economic Times)

IRON ORE
Iron ore giant Sesa Goa closing steel plants on iron ore shortage

India's largest exporter of iron ore Sesa Goa is planning to close down its pig iron and metallurgical coke plants at Amona in Bicholim taluka due to lack of supply of iron ore from within and outside Goa.

Mr PK Mukherjee MD of Sesa Goa said “Due to lack of transportation of iron ore within Goa, our stocks at Amona are getting exhausted and closure of the plants is imminent.”

He said “For the last one year, the supply of iron ore from Karnataka has also become scarce and very costly due to closure of all mines in Karnataka as per a court order and stocks getting sold in E auction. Now the stoppage of transportation of ore from Codli, has hit us very badly. Sesa's plants are running since 1992 without stopping for a single day.”

The possible closure of the two plants will have implication on Sesa Goa's power plant which is based on gases from its blast furnace and met coke plant.
(Steel Guru)
Indian iron ore mining mess - Goa panel recommends cap on iron ore extraction

Committee of experts constituted by the Goa government has recommended a cap on extraction of iron ore in the coastal state to 20 million tonnes to 25 million tonnes which is almost half the existing exports.

The panel headed by renowned scientist Mr Raghunath Mashelkar in their Goa Vision 2035 report submitted to the state government yesterday has recommended the cap on mining should be between 20-25 million tonnes per year, exclusive of the mining dumps.

Mining dumps are low grade ore rejects which are piled up in the mining leases and outside it, and now become marketable because of its international demand.

The Goa Golden Jubilee Development Council which was formed last year, has suggested that the cap should be imposed from 2012-2017, to be reviewed thereafter, to reduce the ecosystem and social stress in the region due to mining activity.

The document, which was presented to Chief Minister Manohar Parrikar yesterday, also speaks of appointing the high powered committee on the issue of mining, comprising experts from various fields, which can advise the government on how much the cap should be.

He said that "The HPC should advice on the cap after examining evolution of mining in Goa and identifying the stress that have existed from time to time due to enhanced mining.”

Goa, India's biggest iron ore exporting state, shipped 43.5 MT ore during the last fiscal, much less compared to the 54 MT exports in the earlier financial year. This is mainly because the mining industry is rigged with several illegalities and irregularities, which has put this trade in a tight spot.
(Steel Guru)
CEMENT
Pak to increase cement exports to India, reduces export price 
India can now get Pakistani cement at reduced rates as cement manufacturers in that country have decided to decrease export prices for India by 13 per cent due to appreciation of the dollar against the rupee. 
Pakistani cement manufacturers are keen on capturing the Indian market despite many hurdles in transportation and the strict certification norms of the Bureau of Indian Standards (BIS), market sources said. 
Following the fall in the value of the Pakistani currency, cement manufacturers reduced prices by $9 per tonne and will be able to export to India at an average price of $60 per tonne as compared to $69 earlier. 
"Pakistan can export over one million tonnes of cement to India if BIS certification is allowed for 5 years and two train interchanges per day, besides development of another loop road network for transhipment at the Wagah border," market sources stressed. 

PARIS MOU 2011 ANNUAL REPORT ON PORT STATE CONTROL circular dated 18.07.2012

The Paris MoU has published its 2011 Annual report on port state control.

In July 9, 2012, the Paris MoU has published its annual report on port state control for 2011. During
last year 19,058 inspections have been recorded which is less than the year before (24,058 inspections
in 2010). However, due to the introduction of the new inspection regime the number of individual ships
inspected has been increased from 14,762 in 2010 to 15,268 in 2011. Additionally, during last year 20
ships were banned, 13 more compared with 2010 results. As per Paris MoU press release the multiple
detentions was the most common reason for banning in 2011.
In terms of flags performance, Faroe Islands, Vanuatu, Latvia and Iran moved from the “Grey List” to
the “White List” with Germany leading the list. Moreover, Saint Vincent and the Grenadines moved from
the “Black List” to the “Grey List”. Kazakhstan and India moved from the “White List” to the “Grey List”
and Dominica and Honduras moved from the “Grey List” to the “Black List”.






9 July 2012

2011 ANNUAL REPORT ON PORT STATE CONTROL“On course for safer shipping”Considered to be the worldwide index for flag performance, the Paris MoU “White, Grey and Black Lists” indicate further improvements towards quality shipping.Last year Panama was congratulated for its efforts to move up to the White List. This year Faroe Islands, Vanuatu, Latvia and Iran moved from the “Grey List” to the “White List”. A very successful achievement and an example for other flags that, through determined actions and political courage, changes can be made. Saint Vincent and the Grenadines moved from the “Black List” to the Grey List. Kazakhstan and India moved from the “White List” to the “Grey List”. Dominica and Honduras moved from the “Grey List” to the “Black List”.Brian Hogan, chairman of the Committee stated: “This year was one of the most significant and busy years for the Paris MoU in recent times. The start of the year saw the introduction of the New Inspection Regime, NIR, which has transformed and modernised the port state control regime in our region. I wish to thank the port State control officers and administrators in each of our member Authorities as they are the people who ensure the success of our endeavours and they are central to the Paris MoU in achieving our goal of safer shipping.”There are now 43 flags on the “White List”, 1 more compared with last year. Some flags have moved position with Germany leading the list, followed by Sweden and Denmark. DPR Korea has disappeared as leader of the “Black List” since not enough inspections have taken place over the last 3 years. Libya is now on the top of the “Black List”, followed by Bolivia and Togo.The introduction of the New Inspection Regime this year will show an impact on the 2011 figures. Already the number of inspections has dropped from 24,058 in 2010to 19,058 in 2011, while the number of individual ships inspected had increased from 14,762 in 2010 to 15,268 in 2011. This will also have a consequence for some trends over previous years. Until last year the detention percentage has been decreasing gradually. The trend has not continued and in 2011 the percentage increased to 3.6%. This can be explained since the focus of targeting is on ships with a higher priority. The number of detentions has decreased significantly from 790 in 2010 to 688 in 2011.In 2011 a total of 20 ships were banned. 13 more compared with last year. Multiple detentions was the most common reason for banning in 2011.Richard Schiferli, Secretary General stated: “It should be understood that substandard ships will no longer be tolerated in the region and with the new refusal of access measures in place, repeated offenders will be “banned” from our ports. This has happened to a substantial number of ships already, some of which have been recycled in the mean time. Others chose to find new areas to operate, endangering the lives of the seafarers on board and constituting a risk for the environment.”With 1,327 inspections and 152 detentions the ships flying a “black listed flag“ score a detention rate of 11.45%. For ships flying a “grey listed flag” the detention rate is 7.11% (1,181 inspections, 84 detentions) and ships flying a “white listed flag” 2.65% (16,829 inspections and 446 detentions).




Recognized Organizations are delegated by flag States and carry out most of the statutory surveys on behalf of flags. For this very reason it is important to monitor their performance. The best performing RO over the period 2009-2011 is the American Bureau of Shipping (ABS) followed by Det Norske Veritas (DNV) and China Classification Society. The worst performing RO is Phoenix Register of Shipping (PHRS), located in Piraeus, in Greece.






The Daily Fixture/Index List of 18th July 2012

The Daily Fixture/Index List of 18th July 2012

FIXTURES - 18/JUL/2012



Baltic Exchange Daily Fixture/Index List 18/07/2012


BDI 1074 (DOWN 19) BCI 1286 (DOWN 15) BPI 1206 (DOWN 8)

BSI 1239 (DOWN 22) BHSI 672 (DOWN 8)

Last published BDTI 624 (DOWN 2) BCTI 558 (UP 2)


TIMECHARTER




'Dorian Schulte' 2011 93099 dwt dely aps Recalada 1/5 Aug trip redel
Continent $9750 daily + $250000 bb - Cargill
'Wise Young' 2011 82012 dwt dely EC South America 1/10 Aug trip
redel China $15500 daily + $500000 bb - Yangtze Navigation
'Athina L' NS United relet 2011 81358 dwt dely EC South America 20/25
July trip via Egypt redel Cape Passero $10000 daily + $300000 bb -
Marubeni
'Nikolaos' 2009 75500 dwt dely EC South America 11/16 Aug 1/2 laden
legs redel Singapore-Japan approx $15200 daily + $320000 bb - Cargill
'Dione' 2001 75172 dwt dely Ningbo ppt trip via EC Australia redel
EC India $8750 daily - Noble -
'Marina Wave' 1992 69451 dwt dely Donghae spot trip via NoPac redel
S.Korea $8000 daily - Cargill
'Thalassini Axia' 2010 58608 dwt dely Villanueva spot trip via SE
Asia redel Thailand $10000 daily - cnr
'Spar Capella' 2011 58000 dwt dely Shanghai spot trip via Indonesia
redel EC India $8600 daily - D'Amico
'He Bo' 2011 56793 dwt dely Zoushan spot trip via Indonesia redel
India $9000 daily - cnr
'Giannutri' 2012 55675 dwt dely Santos 21/22 July trip redel
Singapore-Japan $18250 daily + $375000 bb - Noble - bb of report 17/07>
'Hanjin Rostock' 2011 55625 dwt dely USGulf spot trip redel Black
Sea approx $23750 daily - Cargill

AMENDEMENTS 01-11TO THE INTERNATIONAL MARITIME SOLID BULK CARGOES (IMSBC) CODE

Circular dated 17.07.2012

AMENDMENTS 01-11 TO THE INTERNATIONAL MARITIME SOLID BULK CARGOES (IMSBC) CODE

The IMSBC aims to identify the requirements for the carriage of the cargoes listed listed in the code as first been adopted through IMO resolution MSC.268(85) on December 4, 2008.





The Daily Fixture/Index List of 17th July 2012

The Daily Fixture/Index List of 17th July 2012

Baltic Exchange Daily Fixture/Index List 17/07/2012


BDI 1093 (DOWN 9) BCI 1301 (DOWN 9) BPI 1214 (UP 5)

BSI 1261 (DOWN 16) BHSI 680 (DOWN 7)

Last published BDTI 626 (DOWN 3) BCTI 556 (No change)


TIMECHARTER


'Baltic Bear' 2010 177100 dwt dely Hadera spot trip via Black Sea
redel China $27500 daily - Aquavita
'Double Paradise' 2011 95200 dwt dely Immingham 18/23 July trip
Baltic redel UKC $12000 daily - cnr
'Panayiota K' 2010 92018 dwt dely aps EC South America 1/10 Aug trip
redel Phu My $15750 daily + $575000 bb - Bunge
'Atalanta' 2010 82094 dwt dely Tyne 20/21 July trip via Baltic redel
UKC $13500 daily - Oldendorff -
'Grazia Bottiglieri' 1999 75265 dwt dely Rotterdam 21/24 July trip
via Baltic redel Skaw-Cape Passero $15000 daily - cnr
'Good Luck' 2011 75019 dwt - Cargill>
'Tian Tong Feng' Siva Bulk relet 2001 74275 dwt dely S.China 16/20
July trip via West Australia redel Singapore-Japan $7100 daily - cnr
'Tian Hua Feng' 20001 73996 dwt dely Yangjiang spot trip via West
Australia redel China $10000 daily - NCS
'Fengli 8' 1994 70047 dwt dely psg Gibraltar spot trip via Orinoco
redel China $17400 daily - Torm
'Gao Zhou Hai' 1994 69963 dwt dely Plominj 20/25 July trip via Black
Sea & Jeddah redel Port Said $10500 daily - Louis Dreyfus
'Superior' 2012 57000 dwt dely Zhoushan spot trip via Nopac redel
Singapore-Japan $9000 daily - cnr -
'Moonray' 2009 57000 dwt - Siva Bulk>

The Daily Fixture/Index List of 16th July 2012

The Daily Fixture/Index List of 16th July 2012

FIXTURES - 16/JUL/2012



Baltic Exchange Daily Fixture/Index List 16/07/2012


BDI 1102 (DOWN 8) BCI 1310 (DOWN 10) BPI 1209 (UP 7)

BSI 1277 (DOWN 10) BHSI 687 (DOWN 5)

Last published BDTI 629 (UP 1) BCTI 556 (UP 3)


TIMECHARTER


'Anangel Dawn' 2011 115000 dwt dely Rotterdam 19/20 July
transatlantic round redel Skaw-Cape Passero $11000 daily - cnr -

'GL Zhoushan' 2011 98000 dwt dely aps EC South America 28/30 July
trip redel Skaw-Passero rge $10000 daily + $275000 bb - Cargill
'Glorious Wind' 2010 83410 dwt dely Redcar 19/23 July trip via Riga
redel Civitavecchia $13250 daily - Swissmarine
'Myra' 2010 82100 dwt - failed>
'Prabhu Sumat' 2012 81136 dwt dely CJK 16/20 July trip via EC
Australia redel EC India $9500 daily - STX Pan Ocean
'Kayu Ramin' 1995 75229 dwt dely Tianjin prompt trip via US Gulf
redel Singapore-Japan $7800 daily
'Shao Shan 2' 1997 74009 dwt dely aps SW Pass 1/10 Aug trip redel
Japan $17250 daily + $725000 bb - Cargill
'Julian' 2003 73613 dwt dely Santos 1/5 Aug trip redel China $15000
daily + $525000 bb - Beibu

Advisory to Owners or Operators of Ocean-Going Vessels or Ships Visiting California Ports


Advisory to Owners or Operators of Ocean-Going Vessels or Ships Visiting California Ports

Upcoming Requirements in the Regulation for Fuel Sulfur and Other Operational Requirements for Ocean-Going Vessels within California Waters and 24 Nautical Miles of the California Baseline (California OGV Fuel Regulation)
The California OGV Fuel Regulation, which has been enforced since July 2009, provides significant air quality benefits by requiring ships to use cleaner, low sulfur marine distillate fuel in ship main engines, auxiliary engines, and boilers. The purpose of this advisory is to notify owners and operators of upcoming changes in the fuel sulfur requirements beginning August 1, 2012 and to remind operators that they must comply with both the California OGV Fuel Regulation and the North American Emission Control Area (ECA) requirements.
What are the upcoming changes in the maximum allowable fuel sulfur content requirements under the California OGV Fuel Regulation?
Beginning August 1, 2012 the maximum fuel sulfur (S) limit for marine gas oil (DMA) will decrease from 1.5% to 1.0% S. The maximum fuel S limit for marine diesel oil (DMB) will continue to be 0.5% S. These requirements are summarized in Table 1 and are enforced within the California OGV regulatory zone, which is 24 nm off the coast of California, including the islands as shown in Figure 1.


Do ships visiting California ports have to comply with both the California OGV Fuel Regulation and the ECA?
Yes. Ships must meet both the requirements of the California OGV Fuel Regulation and the ECA. Information on the ECA, which is scheduled to begin implementation on August 1, 2012, can be found at:
http://www.epa.gov/otaq/oceanvessels.htm#north-american

Information on the ECA boundary can be found at:
http://www.imo.org/Publications/Documents/Supplements%20and%20CDs/English/IA664E.pdf
Why does California continue to enforce the California OGV Fuel Regulation when the ECA is also being implemented?
It is important for the California OGV Fuel Regulation to continue to be enforced until ECA implementation provides equivalent emission reductions. This is not expected to occur until 2015 when the ECA fuel sulfur limit is 0.1% S. This is because the ECA does not require the use of marine distillate fuels. Significantly more emission reductions are realized when ships use marine distillate fuel as opposed to heavy fuel oil. Because of this and due to the immediate need to improve air quality and public health in California, the California OGV Fuel Regulation will continue to be enforced.
How can I get more information?
This advisory is only a summary of the requirements and does not contain all the information that may be needed to comply with the regulation. The regulation can be found at: http://www.arb.ca.gov/regact/2011/ogv11/ogv11.htm
Information on California’s OGV Fuel Regulation can be found at:
http://www.arb.ca.gov/ports/marinevess/ogv.htm
California’s Ocean-Going Vessel Regulation Contacts