Paris MoU results on the first month of MLC inspections

The Paris MoU has


announced the results of the

first month inspections

under the requirements of

the Maritime Labour

Convention (MLC). Eight

ships have been detained for

MLC-related deficiencies.


As of August 20, 2013 the Maritime Labour Convention (MLC), 2006 entered into force and became a

relevant instrument for the Paris MoU inspection regime. On October 3, 2013 the Paris MoU announced

the first month results on MLC inspections. More specifically 8 ships out of the 68 have been detained

with MLC-related deficiencies.

As per the Paris MoU press release:

 a total of 4,260 deficiencies have been recorded;

 494 deficiencies out of the 4,260 records (11,5%) were related to any of the ILO Conventions

listed as relevant instruments;

 of these 494, 30 (6,1%) were considered to be serious enough to be a ground for detention;

 23 of those 30 (76,7%) were related to breaches of the MLC and resulted in the detention of

8 individual ships;

 The total number of detention was 68 during 1,532 inspection which resulted in a detention

rate of 4,4%.

INDUSTRY UPDATES on 11.10.2013

Coal India disinvestment only after Cabinet nod




Coal Minister, Sriprakash Jaiswal, on Friday said the Cabinet Committee on Economic Affairs (CCEA) would decide on the disinvestment of Coal India.

“If the Cabinet decides to sell shares, disinvestment would happen,” Jaiswal told media persons at the CII Clean Coal India 2013 conference.

Buyback/dividend

However, the Minister said that the decision on buyback of shares or offering special dividend would be decided by Coal India board and the Government has no role to play.

Coal India shares are trading at Rs 292.90 down 0.37 per cent on the Bombay Stock Exchange at around 12.19 p.m. on Friday.

There has been ambiguity over the Government’s move to sell its stake in the public sector miner. As on September 30, Government owns 90 per cent stake in Coal India, while FIIs hold 5.51 per cent, DIIs have 2.34 per cent and remaining 2.15 per cent is with other shareholders.

The labour unions of Coal India have opposed the Centre’s move to dilute the Government’s stake in the miner.

“In September, coal production has increased 15.6 per cent, offtake by 9.2 per cent and coal supply to power sector by 9 per cent as compared to September, 2012,” said Jaiswal.

In the quarter of the current financial year, coal production has shown a growth of 9.6 per cent, coal dispatches grew 7.2 per cent and coal supplies to the power sector increases 7 per cent when compared to the similar months previous year.

“This has led to a growth of 7 per cent in coal based power generation,” the Coal Minister reiterated.

Selling pressure dissolves sugar

Very Severe Cyclonic Storm, PHAILIN over East central Bay of Bengal

With reference to the abv sub, pls to give below the weather reports for haldia, paradip, vizag and kakinada till 15/10/13 .




The very severe cyclonic storm, PHAILIN over east central Bay of Bengal moved west-northwestwards with a speed of 15 kmph and lay centred at 0530 hrs IST of 11th October

2013 near latitude 16.00N and longitude 88.50E, about 520km south-southeast of Paradip, 530km southeast of Gopalpur, and 530km east-southeast of Kalingapatnam. It would move

northwestwards and cross north Andhra Pradesh and Odisha coast between Kalingapatnam and Paradip, close to Gopalpur (Odisha) by evening of 12th October, 2013 as a very severe cyclonic storm with a maximum sustained wind speed of 205-215 kmp



GLOBAL MODEL DATA TIME 12UTC 10.10.2013





SEVERE CYCLONIC STORM PHAILIN ANALYSED POSITION : 15.1N 89.8E





VERIFYING TIME POSITION STRENGTH TENDENCY



-------------- -------- -------- --------



12UTC 10.10.2013 15.1N 89.8E MODERATE

00UTC 11.10.2013 15.4N 88.6E MODERATE LITTLE CHANGE

12UTC 11.10.2013 16.3N 87.3E MODERATE LITTLE CHANGE

00UTC 12.10.2013 16.9N 86.7E STRONG INTENSIFYING SLIGHTLY

12UTC 12.10.2013 18.7N 85.6E INTENSE INTENSIFYING RAPIDLY

00UTC 13.10.2013 20.1N 84.9E STRONG WEAKENING SLIGHTLY

12UTC 13.10.2013 21.7N 84.8E MODERATE WEAKENING RAPIDLY

00UTC 14.10.2013 23.6N 85.0E WEAK WEAKENING SLIGHTLY

12UTC 14.10.2013 23.9N 84.7E WEAK WEAKENING SLIGHTLY

00UTC 15.10.2013 23.9N 84.8E WEAK LITTLE CHANGE

12UTC 15.10.2013 BELOW TROPICAL STORM STRENGTH

Baltic Exchange Daily Fixture/Index List 11/10/2013

Baltic Exchange Daily Fixture/Index List 11/10/2013




BDI 1985 (DOWN 26)

BCI 3527 (DOWN 94)

BPI 2024 (DOWN 3)

BSI 1182 (UP 7)

BHSI 632 (UP 2)

Last published BDTI 591 (DOWN 4) BCTI 523 (DOWN 4)



Timecharter

============

'Bottiglieri Challenger' 2010 93353 dwt dely Cape Town 10/20 Nov

trip via EC South America redel Singapore-Japan $16500 daily + $650000

bb - cnr



'Georgitsi' 2012 81310 dwt dely Redcar 17/22 Oct trip via Kokkola

redel China int pyritic ash $29500 daily - EdF



'Athanasia C' 2012 81256 dwt dely EC South America 2/7 Nov trip

redel Singapore-Japan $17500 daily + $750000 bb - Bunge



'Union Ocean' 2008 78888 dwt dely US Gulf end Oct trip redel

Continent $15500 daily + $600000 bb - ABT



'Gleamstar' 2011 75491 dwt dely Aughinish 19/24 Oct trip via St.

Lawrence redel Singapore-Japan $25300 daily - Alfred C.Toepfer



'Carola' 1997 73740 dwt dely Kunsan ppt trip via NoPac redel

Singapore-Japan $18000 daily - Louis Dreyfus



'Oriental Pioneer' 1996 69909 dwt dely Guangzhou 16/21 Oct trip via

Indonesia redel Singapore-Japan $15000 daily - cnr



'Izmir' 2013 63500 dwt dely USGulf mid October trip redel

Singapore-Japan intention pet coke $30500 daily - Pacbasin



'Josco Runzhou' 2011 58722 dwt dely Gibraltar spot trip via Murmansk

redel Singapore-Japan appropx $20000 daily - cnr -



Period

=======

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trading redel worldwide $21500 daily - Oldendorff