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Dry Bulk Terminals vs. Offshore Transshipment. ICHCA International Conference “ Changes to Trade & Shipping in the 21 st Century ” Busan, S. Korea May 2008. The Fundamental Concept of “ Transshipment ”. Transshipment requires the ‘port’ to move to the ship, instead of
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Dry Bulk Terminals vs. Offshore Transshipment ICHCA International Conference “Changes to Trade & Shipping in the 21st Century” Busan, S. Korea May 2008
The Fundamental Concept of “Transshipment” Transshipment requires the ‘port’ to move to the ship, instead of the ship moving to the port.
Shipping in the 21st Century • An increasingly interdependent and highly interconnected world of trade in both goods and services • Seaborne cargo volume exceeds all other modes of transport combined • Port congestion always leads to serious bottlenecks, creating scarcity and severe wastage of resources • Efficient movement of bulk materials will dictate the fortunes of food and energy sectors in the very near future
Shipping in the 21st Century • Port infrastructure and real estate will be proven to be an increasingly major cost factor in all parts of the world. • Reliable transshipment solutions for both imports and exports will be sought at all high-volume ports. • Self-unloading bulk carriers equipped with continuous unloaders will be employed more commonly. • Efficiency in land movement of cargo will demand equivalent efficiency from the marine sector also.
Shipping in the 21st Century • Annual world seaborne trade of coal is in excess of 900 million tonnes (out of a total estimated production of five billion tonnes). • Annual world seaborne trade of iron ore is expected to be well in excess of 600 million tonnes (out of a total estimated requirement of 1.5 billion tonnes, not including the 0.5 billion tonnes in scrap metal consumed worldwide) • At present, the world does not have the port capacity to meet future volumes.
Shipping in the 21st Century Therefore…, We will have to boost the current capacity to load bulk cargo into export vessels through innovative ideas like offshore transshipment and / or transportation in unconventional and alternate forms, such as coal slurry or iron ore slurry carried in specially constructed vessels.
Marginal Wharf Bridgetown, Barbados
Port of Quebec Quebec City, Canada
A Powerful Solution for the New Era of Marine Transport
24 Months = $4.08 / t 18 Months = $3.24 / t 12 Months = $2.30 / t 6 Months = $1.22 / t Operating Cost Available to Accelerate First Delivery Without Eroding NPV of Project EBITDA
Replaces Capex with Opex ….. At 30% OCC, each $10,000,000 CAPEX equals $0.38/ t OPEX
Sub-Total ….. WITH ZERO NET IMPACT ON PROJECT FEASIBILITY
The Seabulk Solution ….. The Seabulk Solution re-writes the basic risk-sharing equation
Summary…Transshipment Offers a Viable Alternative to the Port.