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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 - PowerPoint PPT Presentation
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Dry Bulk Terminalsvs.
Offshore Transshipment
ICHCA International Conference “Changes to Trade & Shipping in the 21st Century”
Busan, S. Korea
May 2008Seabulk Systems Inc. 1
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The Fundamental Concept of The Fundamental Concept of ““TransshipmentTransshipment””
Transshipment requires
the ‘port’ to move to the ship, instead
of the ship moving to
the port.
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Shipping in the 21Shipping in the 21stst Century Century An increasingly interdependent and highly
interconnected world of trade in bothgoods 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
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Shipping in the 21Shipping in the 21stst Century Century Port infrastructure and real estate will be
proven to be an increasingly major costfactor 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 themarine sector also.
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Shipping in the 21Shipping in the 21stst Century 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.
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Shipping in the 21Shipping in the 21stst Century 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.
PORT PORT DEVELOPMENTDEVELOPMENT
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Typical Port Development Typical Port Development SequenceSequence
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Typical Port Development Typical Port Development SequenceSequence
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Typical Port Development Typical Port Development SequenceSequence
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Marginal Wharf Marginal Wharf Bridgetown, BarbadosBridgetown, Barbados
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Port of QuebecPort of QuebecQuebec City, CanadaQuebec City, Canada
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Typical Port Development Typical Port Development SequenceSequence
A Powerful SolutionA Powerful Solutionfor thefor the
New Era of Marine TransportNew Era of Marine Transport
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When to Transship …..When to Transship …..
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Typical Assumptions …..Typical Assumptions …..
24 Months = $4.08 / t
18 Months = $3.24 / t
6 Months = $1.22 / t
12 Months = $2.30 / t
Operating Cost Available to Accelerate First Delivery Without Eroding NPV of Project EBITDA
B
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Replaces Capex with Opex …..Replaces Capex with Opex …..
At 30% OCC, each $10,000,000 CAPEX equals $0.38/ t OPEX
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The Math …..The Math …..
NPV @ 30%Construction Operation
1 2 3 4 1 2 3 4 5 6 7 8 9 10
$95.8 M 8 Mt per year for 10 years @ $10.00
NPV @ 30%Const'n Operation
1 2 3 1 2 3 4 5 6 7 8 9 10
$95.9 M 8 Mt per year for 10 years @ $7.70
NPV @ 30%Const'n Operation
1 2 1 2 3 4 5 6 7 8 9 10
$95.9 M 8 Mt per year for 10 years @ $5.92
NPV @ 30%Construction Operation
1 2 3 4 1 2 3 4 5 6 7 8 9 10
$3.9 M $10 M
$3.9 M 8 Mt per year for 10 years @ $0.38
B
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Sub-Total …..Sub-Total …..
WITH ZERO NET IMPACT ON PROJECT FEASIBILITYB
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Eliminates Demurrage Risk …..Eliminates Demurrage Risk …..
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Why it Works …..?Why it Works …..?
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The Seabulk Solution …..The Seabulk Solution …..
The Seabulk Solution re-writes the basic risk-sharing equationB
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Transshipment - Evolution
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Summary…
Transshipment Offers a Viable
Alternative to the Port.
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