Opportunities in Dry Bulk Shipping
City University Business School
4th Athens Triennial Meeting
November 11, 2017
Nikolaos Triantafyllakis
DRY BULK DEMAND – SOUTHERN HEMISPHERE
NEW DEVELOPMENTS – IRON ORE TRADES
Iron Ore
AUSTRALIA
HERB ELLIOTTPORT (NEW)
CAPE LAMBERT(EXPANSION)
ANKETELLPOINT (NEW)
PORT HEDLAND (EXPANSION)
DAMPIER(EXPANSION)
BRAZIL
PONTA DA MADEIRA(EXPANSION)
TUBARAO (EXPANSION)
SEPETIBA BAY (EXPANSION)
ACU SUPERPORT (NEW)
ESPIRITOSANTOS (NEW)
WEST AFRICA
NOUADHIBOU MAURITANIA (ZOUERAT MINE)
SALDANHA, SOUTH AFRICA (SISHEN, KHUMANI, KOLOMELA MINES)LOLABE,CAMEROON (MBALAM MINE)
POINTE NOIRE, REPUBLIC OF CONGO (MAYOKO MINE)
CAP SANTA CLARA, GABON (BELINGA MINE)
FORECARIAH, GUINEA + DIDIA, LIBERIA (SIMANDOU PROJECT)
BUCHANAN, LIBERIA (NIMBA, DIEVE, YEKEPA MINES)
MAKATAN PORT, GUINEA (KALIA, FORECARIAH MINES)
PEPEL PORT, SIERRA LEONE (TONKOLILI + MARAMPA MINES)
ALADJA PORT, NIGERIA (ITAKIE MINE)
NAGA FRIA PORT, NAMIMBIA
OTHER REGIONS
BAFFIN ISLAND, CANADA, NORTH ARCTIC
PORT OF SOHAR, OMAN
SUBIC BAY, PHILIPPINES
RICHARDS BAY, SOUTH AFRICA (EXPANSION)
ORISSA MINING, INDIA
NARVIK, NORWAY (EXPANSION)
LULEA, SWEDEN (EXPANSION)
HUASCO PORT, CHILE (EXPANSION)
CARAJAS MINE, AMAZON RIVER BRAZIL (NEW)
NEW DEVELOPMENTS – COAL TRADES
AUSTRALIA
ABBOT POINT, Galilee Basin (NEW)
NEWCASTLE (EXPANSION)
GLADSTONE (WIGGINS ISLAND) (EXPANSION)
PORT KEMBLA (EXPANSION)
USA
MISSISSIPPIRIVER– BURNSIDE TERMINAL (EXPANSION)
HOUSTON (EXPANSION)
MOZAMBIQUE
BEIRA (NEW)
MAPUTO (NEW)
NACALA (NEW)
Coal
NEW EXPORT ROUTES FOR COAL AND IRON ORE
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New and existing ports (under expansion)
ONE BELT ONE ROAD Initiative
- Aiming to increase connectivity and cooperation along trade routes
- Along the maritime road, countries in SE Asia, Middle East and Africa
are set to benefit most
- 68 signatory countries so far
- 3,409 million people affected
- Estimated infrastructure investment of USD 23 trillion by 2030,
or 1.7 trillion per annum!
- 150 million tons of incremental steel demand mostly coming from China
ONE BELT ONE ROAD – MARITIME TRADE
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HAMBANTOTA, SRI LANKA
- Linking Suez Canal with SE Asia
- Transhipment center
- Deep water port
- Free trade zone
- Oil storage, refining and bunkering facilities
- Vessel maintenance & repair services
- 5 days closer to East Africa ports compared with Singapore
(Aden to Richards Bay range)
- Its importance can increase further if Southern Thailand canal is built
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HAMBANTOTA, SRI LANKA – THE NEW SINGAPORE ?
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Hambantota
Port
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Singapore Port
THE NEW PANAMA CANAL
- Can accommodate vessels up to 366m LOA | 49m Beam | 15,2m TFW
- Exports out of EC Canada, USEC, NCSA heading west to Asia, SE Asia will
be routed via the new Panama Canal
- Trade off versus COGH
- Tariff policy implemented in favour of larger vessels – cargo stems will
increase accordingly
- Cargoes affected: Grains, Coal, Iron Ore
- Arbitrage Opportunities
- Increased intra continental trades from WC South America to USC / USEC
THE NEW PANAMA CANAL - POTENTIAL TRADE FLOWS
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40oW
40oW
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Shanghai
Fortaleza
TRADE DISRUPTIONS – THE CASE OF MEXICO
Corn
Wheat
Wheat
Coal
Coal
Coal(Aus)
ANNUAL TRADE BETWEEN USA / MEXICO
- 13.8 M TONS CORN
- 2.7 M TONS WHEAT
- 2.7 M TONS COAL
Nikolaos Triantafyllakis
Thanks for listening !