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Transnet lays out vision

Transnet has announced new plans to greatly increase its coal, iron ore and manganese handling capacity over the next five years. The state owned transport utility aims to boost the total volume of freight handled by 7% a year over the next five years on the back of its dry bulk investment. It hopes to attract more freight

away from road haulage, including on the Johannesburg-Durban corri- dor, where it currently has a 35% market share. The company’s iron ore handling

capacity is already scheduled to in- crease from 47 mtpa at present to 60 mtpa by 2015, while coal capacity will rise from 71 mtpa to 81 mtpa over the same period, providing mining companies sign ten year contracts. However, Transnet now hopes to increase these figures to 80 mtpa and

China’s iron ore imports to keep rising

China’s iron ore imports could reach 1.3 btpa before 2020 - double last year’s record 628 mt - and create de- mand for another 584 capesize bulkers, according to researchers at Norway’s DnB NOR bank.

The bank’s Global Shipping 2010

report said the nexus between dry bulk shipping rates and China will draw even closer as the country’s industrialisation and urbanisation intensify over the next decade. DnB NOR, one of the largest ship financiers, calculated that the kilo- grams of steel used per capita in China would rise from 435kg now to peak at between 900kg-1,100kg as the country reached maturity. ‘Maturity’ was defined as pur-

chasing power parity of $15,000 per capita, which China is forecast to attain by 2020. Under the report’s upside sce-

nario, a consumption level of 900kg per capita would equate to iron ore imports of 1.3 bt - 672 mt more than last year’s 628 mt. The analysts based their calcula-

tions on assumptions that China’s in- dustrialisation would follow patterns seen in Japan, Taiwan and South Korea. If China’s iron ore imports dou-

bled, an extra 584 capesizes would be needed, including 174 to serve the main Western Australia-China route and 227 for the Brazil-China route. Under a more modest 600kg per

capita consumption level, imports would grow by 308m, which would need another 268 capesizes. There are 733 capesizes on order around the world, most of them at shipyards in China, South Korea and Japan. “Despite the significant growth in

shipping needs, it seems the current orderbook already takes this projec- tion into account,” the report said. “The orderbook stretches over 2.5

years, while the peak steel consump- tion may reach much later. The world has clearly enough shipbuilding ca- pacity, and new orders could be seen, the report said. China’s steel production rose

14.4% to a record 567.8 mt last year, accounting for just under half of world total, which was down 22%.

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90 mtpa respectively if users are pre- pared to contribute part of the cost of development. Public private part- nerships (PPPs) in the rail sector are therefore looking increasingly likely, possibly with regard to the owner- ship of rolling stock. Acting chief executive Chris

Wells has even told journalists that private sector involvement could see transport capacity on the coal export line to Richards Bay Coal Terminal reach 91 mtpa within six years, match- ing RBCT’s own handling capacity.

He said: “If we come to an agree-

ment on what it’s going to cost, what that translates into as a tariff to uti- lise the service, then there is a chance that the move to 91 million tonnes would be a medium term move, on a five to six year frame- work.” Wells also revealed that although

the company may consider con- structing a new railway to the Waterberg Basin coal mines in the future, no investment will be made over the next twelve months.

NYK has taken delivery of the new 300,000 dwt class ore carrier OITA MARU, built by the Universal Shipbuilding Corporation.This new vessel is the first 300,000 dwt- class ore carrier to have been ordered by NYK, and the first NYK bulk carrier to be equipped with an electronically-controlled engine. Features of the engine include improved combustion efficiency and so reduced generation of NOx, soot and smoke.The ship will be chartered to the Nippon Steel Corporation as part of the remaining eight years of a deal to transport 1.2 mtpa of iron ore mainly from Brazil.

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