2018 WEEK 15 EDITION #04 - rvbcompany.com · arg/nweurope 25/30000t 1/1 - non fosfa $31/32 $0 →...
-
Upload
truongcong -
Category
Documents
-
view
213 -
download
0
Transcript of 2018 WEEK 15 EDITION #04 - rvbcompany.com · arg/nweurope 25/30000t 1/1 - non fosfa $31/32 $0 →...
2
MARKET REPORT 2018 – WEEK 15 – EDITION #04
1/ VEGOILS – SOUTH AMERICA
Edible Update – volume fixed since our last report: 641.950 mt / YTD 2.608.870 mt
Under normal circumstances we believe the export markets for vegetable oils would have been a lot busier
at this time of the year. But with the uncertainty in the agri commodities markets caused by the threat of a
trade war between the United States and China a lot of traders seem to be taking a wait and see approach.
In a nutshell here is what is going on. The Trump administration is raising import duties on various types of
products/goods, mainly those the USA import from China. As a countermeasure the Chinese government is
now saying it will raise import tariffs on US produced goods, including amongst others soybeans. This has had
a significant effect on the soybean/soyaoil markets. The price for US produced soybeans depreciated
significantly whereas Brazilian and Argentinian soybeans started trading at a premium. Making them
effectively less attractive to crushers in Argentina and Brazil. How far this will affect the total export volume
for the 2018 season remains to be seen, but it is now clear that the annual pick up of exports in
April/May/June will likely be less steep then in previous years.
0
200.000
400.000
600.000
800.000
1.000.000
1.200.000
1 2 3 4 5 6 7 8 9 10 11 12
MONTHLY EXPORT VOLUMES SOUTH AMERICA
2013 2014 2015 2016 2017 2018 5yr Ø
$-
$10,00
$20,00
$30,00
$40,00
$50,00
$60,00
$70,00
jan
-13
mrt
-13
mei
-13
jul-
13
sep
-13
no
v-1
3
jan
-14
mrt
-14
mei
-14
jul-
14
sep
-14
no
v-1
4
jan
-15
mrt
-15
mei
-15
jul-
15
sep
-15
no
v-1
5
jan
-16
mrt
-16
mei
-16
jul-
16
sep
-16
no
v-1
6
jan
-17
mrt
-17
mei
-17
jul-
17
sep
-17
no
v-1
7
jan
-18
mrt
-18
SOUTH AMERICA / INDIA FREIGHTS 2013/18
Arg/India 1/2 Arg/India 2/2
3
MARKET REPORT 2018 – WEEK 15 – EDITION #04
On freights fixed in the past period there is very little interesting to report. Rates have moved more or less
sideways. At the time of writing we note that rates quoted are starting to soften a touch compared to last
done levels.
EDIBLE OIL/SME FREIGHT ESTIMATES - WEEK 15 2018 THIS WEEK CHANGE TREND
ARGENTINA/WEST MED 18/20000T 1/1 $45/47 $0 →
ARGENTINA/WEST MED 25/30000T 1/1 $30/32 $0 →
ARGENTINA/EAST MED 18/20000T 1/1 $46/49 $0 →
ARGENTINA/EAST MED 25/30000T 1/1 $31/33 $0 →
ARG/NWEUROPE 18/20000T 1/1 - NON FOSFA $46/48 $0 →
ARG/NWEUROPE 25/30000T 1/1 - NON FOSFA $31/32 $0 →
ARGENTINA/CARIBS 18/20000T 1/1 $42/45 $0 →
ARGENTINA/USG 30/320000T 1/1 $31/33 $0 →
ARGENTINA/INDIA 30/32000T 1/2 $38/39 $0 →
ARGENTINA BRASIL/INDIA 40/42000T 2/2 $35/36 $0 →
ARGENTINA / IRAN 30/32000T 1/1 $46/48 $0 →
ARGENTINA BRASIL/FAR EAST - 40/42000T 2/2 $43/45 $0 →
ARGENTINA BRASIL/CHINA - 40/42000T 2/2 - CIQ $46/48 $0 →
CPP freights in the west have been quite poor for the past couple of weeks so this is starting to have an effect
on vegetable oil freights as well. It should also be noted that the tonnage list in the South Atlantic is increasing
week on week owing to increased imports of CPP into Argentina/Brazil. Although we doubt there is a lot of
downward potential on freight rates as levels are close to last year’s low but keeping in mind owners are now
paying more for their bunkers.
237.300
216.000196.850
143.000124.000
112.500 111.000 104.500
80.00062.000 60.000 59.000 58.000
0
50.000
100.000
150.000
200.000
250.000
VEGS + SME CARRIERS EX SOAM JAN / APR 2018 IN MT
4
MARKET REPORT 2018 – WEEK 15 – EDITION #04
REPORTED TIME CHARTER FIXTURES
VESSEL VOLUME GRADE LOADPORT DISPORT MARCH FREIGHT
MAERSK MALAGA 32.000 SBO ARGY UPR EC INDIA/BDESH 25/29 M/H $30S 1/2
ALBATROS TRADER 18.500 SBO+SME ARGY UPR PERU END L/M $40S
VELA 32.000 SBO BRAZIL INDIA OPT IRAN END MID $40S
VESSEL VOLUME GRADE LOADPORT DISPORT APRIL FREIGHT
SUSANNE VICTORY 42.000 SBO PARANAGUA CHINA 1/10 LOW $40S 1/2
STAR N 29.000 SBO ARGY UPR INDIA BEG HI $30S 1/2
SONGA OPAL 12.000 SBO BRAZIL + ARG AUSTRALIA 20/30 COA
ALPINE MADELEINE 32.000 SBO ARGY UPR INDIA 1H TC ARD $10KPD
SC AQUARIUS 34.000 SBO ARGY UPR INDIA 1H M/H $30S 1/2
MAERSK TRIESTE 30.000 SME ARGY UPR CONT 1H $850K L/S
ORESTES 30.000 SME ARGY UPR MED OR CONT ELY $850K L/S
ATLANTAS II 30.000 SBO ARGY UPR INDIA ELY HI $30S 1/2
SILVER STACIE 40.000 SBO ARG + BRAZIL INDIA 1/10 M/H $30S 2/2
STAR N 30.000 SBO ARGY UPR INDIA ELY HI $30S 1/2
JBU SAPPHIRE 14.400 SBO ARGY UPR COL'BIA + E'DOR ELY L/M $40S
PORT UNION 34.000 SBO ARGY UPR INDIA 15/20 HI $30S 1/2
HELLAS REVENGER 32.000 SBO ARGY UPR INDIA 10/20 TC $12K PD
TORM ARAWA 32.000 SBO ARGY UPR INDIA 20/30 TC $10.5K PD
CELSIUS EAGLE 24.000 SBO ARGY UPR WC SOAM 10/20 L/M $30S
CHEMR. BRILLIANT 18.000 SBO ARGY UPR EAST AFRICA 10/20 MID $50S
PLOVER PACIFIC 25.000 SBO NECOCHEA VERACRUZ 15/25 ARD $30
STENA CONQUEROR 40.000 SBO ARGY UPR+SOUTH WC INDIA MID M/H $30S 2/2
5
MARKET REPORT 2018 – WEEK 15 – EDITION #04
2/ VEGOILS – BLACK SEA
Due to a dramatic CPP market we see quite some interest on Handy and MR units to book sunflowerseed oil
from the Black Sea. The Easter weekend did not help and X-Med CPP rates are softening, the last fixtures we
see from the black sea to the east are weakening again. Freight rates will most probably remain under
pressure for April, May shipments. A total of 277.000 metric tons is already fixed into India for April, total
export of 545.966 metric tons for March which is more or less the same as last year.
Shipments destinations in March ex Ukraine per metric tons are as follows.
In below destination graphics we see that Turkey is not importing Ukrainian sun oil at the moment, most
imports are originated from Russia, see destinations ex Russia in below graphics for March and April.
277.300
42.600
6.500
33.00030.0006.500
6.886 5.000 10.3403.000 3.000
0
50.000
100.000
150.000
200.000
250.000
300.000
350.000
DESTINATIONS EX URKAINE IN MTS
March April
33.237
18.000
6.018
5.500
4.2402.320
MTS EX RUSSIA - MARCH
EGYPT 33.237mts
TURKEY 18.000mts
TUNISIA 6.018mts
LEBANON 5.500mts
SYRIA 4.240mts
ALBANIA 2.320mts
6
MARKET REPORT 2018 – WEEK 15 – EDITION #04
Imports of sunflowerseed oil into Turkey declined sharply in Oct/Feb 2017/18, primarily attributable to the
ongoing setback in Turkish exports of sunflowerseed oil to Iraq, which destination are mostly supplied directly
from the Ukraine and Russia.
Exports of sunflower oil in general ex Ukraine dropped this year by 0.3 Mn T from a year earlier. See volumes
ex Ukraine by season in below graphic.
41000
32000
27317
24000
18000
14050
11000
5292
4300
4000
MTS EX RUSSIA - APRIL
EGYPT 41.000mts
IRAQ 32.000mts
TURKEY 27.317mts
CHINA 24.000mts
IRAN 18.000mts
S ARABIA 14.050mts
SUDAN 11.000mts
LEBANON 5.292mts
ALGERIA 4.300mts
TUNISIA 4.000mts
0
100.000
200.000
300.000
400.000
500.000
600.000
Sept Oct Nov Dec Jan Feb March April May June July Aug
MONTHLY VEGOIL VOLUMES EX UKRAINE PER SEASON
season 2014-2015 season 2015-2016 season 2016-2017 season 2017-2018
7
MARKET REPORT 2018 – WEEK 15 – EDITION #04
3/ PALMOIL – ASIA
The volatility in the CPP market both far east and AG has been quite pronounced over the past two months
from hot to cold to hot like a broken boiler. However, the changes have been so rapid that they have not
drastically affected the palms market. The Fosfa rates delivery Singapore bouncing around the 15-16,000 pd
mark unless Charterers are looking for ppt tonnage which has resulted in some higher numbers being
reported.
The MR tonnage lists look longer for May but with slightly more activity expected we predict a stable month
for freight rates.
VOYAGE FREIGHT ASSESSMENT
DISCHARGE AREA QUANTITY RANGE FREIGHT PMT TREND
M CHINA 10-15,000 30-33 →
EC INDIA 10-15,000 23-26 →
WC INDIA - PAKISTAN RGE 10-15,000 22-27 →
MIDDLE EAST 10-15,000 31-34 ↗
ROTTERDAM 15-25,000 53-57 ↗
ROTTERDAM 2/1 40-42,000 45-48 ↗
WMED (IMO3) 2/2 40-42,000 44-47 ↗
WEST MED (IMO2) 2/2 18-20,000 67-72 ↗
EAST MED - BLACK SEA 12-18,000 58-60 ↗
BLACK SEA 25-35,000 45-46 →
USG - USAC (IMO3) 2/1 35-40,000 50-54 →
WEST AFRICA (IMO3) 2/2 15-20,000 60-65 ↗
BRAZIL (IMO3) 2/2 20-25,000 62-68 →
SINGAPORE BUNKERS
FUEL PRICE TREND
IFO 380 USD 371.50 ↗
TIME CHARTER MARKET (FOSFA EU1)
VESSEL PRICE (GROSS) PD DELIVERY REDELIVERY TREND
MR USD 15,750 - 16,750 LOADPORT MED/CONT/USG ↘
10.000
11.000
12.000
13.000
14.000
15.000
16.000
17.000
18.000
19.000ROTTERDAM TCT (DELIVERY STRAITS)
8
MARKET REPORT 2018 – WEEK 15 – EDITION #04
REPORTED TIME CHARTER FIXTURES
VESSEL SIZE DELIVERY RE-DELIVERY MARCH T/C RATE
ARDMORE ENGINEER 45.000 SINGAPORE ROTTERDAM 15-20 15,000 PD
VESSEL SIZE DELIVERY RE-DELIVERY APRIL T/C RATE
STAR EAGLE 51.000 PANJANG GIB (WEST AFRICA) 5-10 16,750 PD
TOCATTA 45.000 PASSING EAST TIMOR USA 5-10 15,750 PD
SADAH SILVER (FAILED) 49.000 SHANGHAI MED-CONT-USA 10-17 17,500 PD
SADAH SILVER 49.000 SHANGHAI MED-CONT-USA 10-20 16,250 PD
UACC MUHARRAQ 45.000 SINGAPORE PAKISTAN 10-20 15,500 PD
NCC SAFA (FAILED) 45.000 CJK CONT 18-22 17,000 PD
STENA IMAGE 45.000 CJK CONT 18-20 17,000 PD
STENA IMPERATOR 45.000 SINGAPORE CONT 12-15 19,000 PD
MAERSK CAPRI 50.000 NINGBO CONT 25-30 15,500 PD
STENA IMPERATOR 45.000 SINGAPORE CONT 12-15 19,000 PD
Owners on the parcel tanker side imo2 may see an uplift in Fosfa rates for end April into May as there seems
to be a slight deficit of fosfa last vsls heading out to SE asia loading areas.
VOYAGE FIXTURES - LONG HAUL
VESSEL VOLUME GRADE LOADPORT DISPORT MARCH FREIGHT
HOUYOSHI PARK 18.500 POP PTUNG + K. TANJUNG CMED 15-20 60.50 2/3
MAERSK BERING 27.000 POP BELAWAN TAMAN 18-25 44 1/1
MTM N. ORLEANS 35.000 POP INDO + MALAY USA 20-30 MID 50'S 3/2
CHAMPION PULA 42.000 POP EAST ASIA + STRTS ROTTERDAM 20-25 46 3/1
N8 TURQUIOSE 40.000 POP S'KAN + STRAITS SPAIN + RDAM 20-30 48.50 3/2
STAR OSPREY 40.000 CSS YOSU GLADSTONE 28-30 27.50 1/1
VESSEL VOLUME GRADE LOADPORT DISPORT APRIL FREIGHT
S. VENTURE 30.000 POP LUBUK GUANG SPAIN 1-10 M 40'S 1/2
DVINA GULF 35.000 PME STRAITS MED + RDAM 5-15 1,5 M L/S 3/3
CHEM HELEN 31.000 POP STRAITS TAMAN 5-10 44 2/1
N8 TOURMALINE 42.000 POP STRAITS ADRIATIC 8-15 47 2/3
STANLEY PARK 18.500 POP STRAITS CMED + WMED 1-5 64.50 2/3
STOLT TBN 6.000 UCO CHINA + P. GUDANG ARA 5-17 64 2/1
STOLT TBN 3.000 POP STRAITS W MEXICO 15-30 95 1/1
FAIRCHEM SABRE 18.000 POP STRAITS HULL + RDAM 20-30 M 73'S 2/2
NAVIG8 VICTORIA 5.000 LUBES STRAITS ARA 1-10 HI 70'S 1/1
NAVIG8 VICTORIA 2.000 LUBES MELAKA ANTWERP 1-10 HI 80'S 1/1
TINTOMARA 40.000 POP EMALAY - STRAITS MED/CONT 5-15 HI 40's 3/4
ODFJELL TBN 5.000 UCOME FANCHENG ARA 5-20 78.50 1/1
MED ATLANTIC 23.000 POP EMALAY-STRAITS MED 1-10 L 50'S 3/4
MED PACIFIC 23.000 POP EMALAY-STRAITS TURKEY 20-30 HI 40'S 2/2
MID OSPREY 2.000 POP STRAITS RDAM 10-20 75 1/1
BRENTHOLMEN 15.000 POP STRAITS SPAIN 10-20 60 1/1
MTM RDAM 18.500 POP STRAITS BARC + RDAM 20-30 M/H 60S 2/2
FURE VINGA 15.000 POP STRAITS MED/CONT 10-20 60 2/2
MAERSK TBN 25.000 POP STRAITS TAMAN 20-30 M/H 40'S 2/1
9
MARKET REPORT 2018 – WEEK 15 – EDITION #04
4/ UAN
The UAN freight market has a slightly more active feel to it compared to previous weeks. A lot of enquiries
are circulated with traders checking freights to a great variety of destinations. Apart from the usual north
France and US Atlantic/Gulf we are seeing enquiries to Australia, Argentina and Spain amongst others. Also
a lot of comparisons are being made between the various origins. The unseasonably cold weather in the
United States does not seem to have had a large impact on UAN imports. Market participants are expecting
some renewed purchasing activity in the US towards the end of April.
Freights reported are all within the expected range. With some traders taking advantage of a very poor
transatlantic cpp market and fixing some cargoes at below last done levels. We will be monitoring the present
uptick in cpp freights closely to see if this will be having any impact on UAN freights.
VESSEL VOLUME GRADE LOADPORT DISPORT MARCH FREIGHT
STEN FJORD 10.700 UAN KLAIPEDA HAMILTON 22/25 MID $50PMT
FMT BERGAMA 9.000 UAN SILLAMAE LA PALLICE 4/8 $28,50PMT
FMT URLA 10/15000 UAN SILLAMAE GHENT or ROUEN 10/15 MID $20 PMT
NAVIG8 ADAMITE 10.000 UAN D'VILLE SANTOS 10/15 $42 1/1
GREEN SKY 30.000 UAN NOVO USWC 19/21 ARD $60
NORDIC HANNE 20.000 UAN POINT LISAS BARCELONA ELY RNR
STI HAMMERSMITH 30.000 UAN SILLAMAE BALTIMORE MID RNR
VESSEL VOLUME GRADE LOADPORT DISPORT APRIL FREIGHT
TBN 18.000 UAN BALTIC 3 RIVERS + HAMILTON MID $44
AMFITRION 40.000 UAN NOVO KWINANA ELY $39 1/1
CHAMPION EXPRES 30.000 UAN HEROYA STOCKTON MID COA
NAVIG8 AMBER 30.000 UAN KLAIPEDA F. HILLS + BALTIMORE MID $28 1/2
BUNGA ANGSANNA 30.000 UAN KLAIPEDA GHENT MID $15
-
50.000
100.000
150.000
200.000
250.000
300.000
350.000
400.000
450.000
JAN FEB MAR APRIL MAY JUNE JULY AUG SEPT OCT NOV DEC
MONTHLY UAN IMPORTS USA 2013/18
2013 2014 2015 2016 2017 2018
10
MARKET REPORT 2018 – WEEK 15 – EDITION #04
UAN FREIGHT ESTIMATES - WEEK 15 2018 THIS WEEK CHANGE TREND
BLACKSEA/USAC 30/33000 MT 1/1 $28/29 $0 →
BLACKSEA/USG 30/33000 MT 1/1 $28/29 $0 →
BLACKSEA/ARGENTINA 25/30000 MT 1/1 $45/48 $0 →
BLACKSEA/USWC 30/33000 MT 1/1 $50/52 $0 →
BALTIC/UKCONT 25/30000 MT $16/17 $0 →
BALTIC/USAC 30/33000 MT 1/1 $21/22 $0 →
BALTIC/USG 30/33000 MT 1/1 $22/23 $0 →
BALTIC/USG 40/45000 MT 1/1 $19/21 $0 →
BALTIC/ARGENTINA 25/30000 MT 1/1 $44/45 $0 →
BALTIC/USWC 30/33000 MT 1/1 $50/52 $0 →
11
MARKET REPORT 2018 – WEEK 15 – EDITION #04
5/ ETHANOL
International - Strong growth seen in world ethanol output to 2030 – F.O. Licht
World ethanol production in 2018 is projected at around 120 bln litres (32 bln gallons). Production continues
to be concentrated in the Americas which account for around 77% of world output. Asia/Pacific comes in
second with 14% and Europe/Africa is third (9%). Of the 2018 total, fuel ethanol will account for 103 bln litres
with the rest coming from non-fuel qualities.
World fuel ethanol output is expected to grow steadily in the coming years with the total in 2025 is forecast
to reach 121 bln litres (32 bln gallons) and to 133 bln by 2030 (35 bln).
Brazil:
Ethanol prices fell sharply in Brazil in the first official week of cane processing in the 2018/19 center-south
crop, pressured by an increase in supplies as most mills are boosting biofuel production this season.
Cepea/Esalq, an agricultural research center at the University of Sao Paulo, said prices for hydrous ethanol
fell 8.4 percent on average last week to 1.65 real per liter ($1.84 per gallon) in Brazil’s largest fuel market,
the Sao Paulo state, when compared to the previous week.
“The pressure over ethanol prices in the Sao Paulo market comes from an increase on supply that is relatively
larger than the increase on demand,” said Cepea/Esalq in a weekly analysis released on Monday.
Lower ethanol prices in Brazil, the second largest ethanol producer behind the United States, are expected
to reduce the window of opportunity for U.S. producers to export the biofuel to the Brazilian market.
Brazil’s 2018/19 center-south cane crop officially started in April. Mills are expected to maintain crushing
operations until mid-December, depending on the weather. Analysts generally expect the center-south
region to cut sugar production by four or five million tonnes, to around 31 million tonnes, as they earmark
more cane to ethanol output. U.S.-based Renewable Fuels Association (RFA) said that February exports to
Brazil, at 103.2 million gallons, were the highest in six years. Shipping schedules from Brazil's main ports
suggest that imports in April may reach around 240 mln litres, twice as much as last year's 112 mln. Most of
the ethanol will enter the country through Santos (100 mln litres), followed by Suape (50 mln), Sao Luis
(120mln)
USA:
While proposed tariffs announced by China last week would apply to about $14 billion a year of U.S. soybean
exports, the RFS accounts for 38 percent of the U.S. corn crop, valued at about $21 billion at current prices.
And unlike the situation in the soybean market, where other buyers could pick up the slack for a drop in
Chinese demand, the undoing of U.S. biofuel laws could lead to real demand destruction.
Then in January, the largest U.S. East Coast oil refiner filed for bankruptcy and blamed the cost of complying
with the mandate. That thrust the issue back onto the political agenda and spurred Trump to hold meetings
-- the most recent one on Monday-- in an attempt to carve out a deal between the oil and agriculture lobbies.
CHINA
Chinese buyers of U.S. ethanol will have to cut imports because of higher tariffs, but eventually will have to
return to the overseas market to meet government targets for using the fuel, industry participants and
analysts said last week. China said it will slap an extra 15 percent tariff on ethanol imports from the United
States, part of its response to U.S. duties on aluminum and steel imports. The previous duty was 30 percent.
12
MARKET REPORT 2018 – WEEK 15 – EDITION #04
6/ STORAGE Chemicals
The chemical storage market is highly utilized and sees healthy storage rates. At AFPM in Texas we saw
many happy faces of terminal operators. The contract durations for chemical storage agreements tend to
be short term (average 6 months) versus longer term agreement in the products/mineral market. That
means that storage opportunities may always arise if these shorter agreements are not being extended.
With the high utilization the operators are more bullish and ask higher rates. This trend is seen in all the
hub locations. For cargo owners it is recommended to start early with your search and for storage strategy
purposes, you should take lead-times of 18-24 months into account in order to include new building
projects and allow terminals to optimize and create the space to offer on your tenders.
Petroleum
Crude has been ebbing and flowing in a 5 USD range. 65 on WTI and 70 on Brent seem to be big hurdles to
take. All products are now in backwardation, only WTI is flirting with contango again.
The Gasoil front spread is strong at 4 USD back, especially compared to previous months on healthy
European demand, low inventories and turnarounds.
Fuel oil is having another slow month. Only one VLCC to the East has been booked and only one Suezmax
on subs so far. The curve is only showing a small contango on the front, but the rest of the curve is in a
proper backwardation.
Gasoline has cooled off, the winter/summer spread game is gone. Tanks are still full as many players have
benefitted from the spread and locked in April/May at elevated levels. We have even seen a rare
phenomenon in March where traders were storing gasoline on tankers off Europe's coast as they struggled
to contain a steady rise in supplies since the start of the year that has weighed on prices.
Floating storage
In the Black Sea (near Kerch) we see 159,000 dwt suezmax tanker La Mer used as floating storage for
Rosneft at usd 15,500 pd (about usd 3/mt per month storage rate)
In Singapore/Malaysia we see 105,000 dwt tanker Barents Sea used as floating storage for Petronas at usd
13,000 pd (about usd 4/mt per month storage rate)
Just 2 examples where ships are preferred due to their flexibility and the option to give orders to sail to a
certain port and avoid handling. With low time charter rates, the ships are a threat for the storage
companies.
StocExpo highlights
RVB attended the Stoc Expo Europe in Rotterdam, an international event for the tank terminal industry and
joined some interesting sessions. The importance and growth of the ARA port has been highlighted by
multiple speakers mentioning a strongest year on year gain in Antwerp followed closely by Rotterdam.
Especially gasoline, gasoline components and naphtha showed a big volume growth in ARA last year of
about +7%. Resulting in high utilization on the low flash / internal floating roof tanks.
For further information / requirements / quotes:
Tel: +31 (0) 1050 66020
13
MARKET REPORT 2018 – WEEK 15 – EDITION #04
7/ EVENTS
RVB Shipbrokers
• NOFOTA annual dinner in Rotterdam at “De Doelen”, 12 April 2018 RVB team attending
• Istanbul Shipbrokers Dinner, 29th of June 2018 Patrick Hartman & Joep van Huizen attending
• Copenhagen Tanker Dinner, 5th of July 201 Victor van der Blom & Roy Bekenes
14
MARKET REPORT 2018 – WEEK 15 – EDITION #04
8/ LOCAL NEWS
The road to Port Call Optimization
Digitization
You may have heard something about it this autumn: a variety of interest groups, port authorities (including
the Port of Rotterdam Authority) and private companies have jointly adopted standards for nautical port
information. While it may not sound particularly exciting, this development is actually a key condition – and
starting point – for optimising port calls. And it’s due time that this optimisation took place: every year we
waste billions of euros and release tonnes of CO2 due to inefficiency and unnecessary delays.
The standards stipulate, for example, which system is referred to for water depths and how to communicate
admission policies and vessel’s arrival and departure times in the ports. In the past, information like this was
defined and communicated in a wide variety of ways. To name one example: in the Netherlands we often
use the Amsterdam Ordnance Datum (NAP) as a zero level benchmark for height and water depth
measurements. In Belgium, however, they use the Second General Levelling (TWA) reference level, and
France refers to the average sea level at Marseille. For an Indian captain departing from the port of Singapore,
it is a pointless and time-wasting hassle to have to recalculate the depth under the ship’s keel every time it
enters new waters.
PRONTO
The internationally adopted standards will result in better communication, increase efficiency and improve
safety conditions. But they present a range of other opportunities besides. Right now, each port call is still
accompanied by a flurry of phone calls between different parties involved. These parties include shipping
companies, agents, pilots, terminals, linesmen and towing companies and providers of other services –
bunkering, for example. The exchange of uniform, compatible data would make it a lot easier to draw up a
smarter, safer and more efficient planning for these port calls and handle visits more swiftly and safely. To
facilitate this, the Port of Rotterdam Authority has developed the PRONTO application. PRONTO provides
shipping companies, agents, service providers and operators with a joint platform for the exchange of port
call information. PRONTO increases the transparency and efficiency of services provided during a call. This
presents concrete advantages for all parties involved.
Twenty-percent-shorter lead times
The first quantitative advantages of Port Call Optimisation with the aid of PRONTO have already been
established: a recently concluded pilot project involving shipping companies, terminals and agents showed a
20% reduction in lead times.
The first version of PRONTO will be made available to users in Rotterdam in the second quarter of 2018. After
this introduction, the application will also be shared with other ports. Because as so often is the case:
whenever we adopt the same applications around the world, this contributes to the efficiency and safety of
international transport in general.
15
MARKET REPORT 2018 – WEEK 15 – EDITION #04
9/ Chartering Team
ROTTERDAM OFFICE
Roy Bekenes
+31 105066011
+31 641143399
Victor van der Blom
+31 105066005
+31 627002806
Patrick Hartman
+31 105066003
+31 651523803
Ruud Rijpstra
+31 105066002
+31 653927626
Joep van Huizen
+31 105066010
+31 613327880
SINGAPORE OFFICE
Sean Campbell
+65 6829 2148
+65 8121 2094
Harry Gabb
+65 6829 2147
+65 87888969
SMS IN COOPERATION WITH RVB COMPANY – ZUG OFFICE
Yasmina Rauber
+41 41 75980 21
+41 792189949