Wood Pellet Presentation
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Transcript of Wood Pellet Presentation
Ben Vandenberghe
CTL Westrans Shipbrokers
June 15 2012
CTL Westrans Shipbrokers Established in 1966 – proven record of success in ship broking
Experienced with many types of cargo: forest products including wood pellets & chips, grains, iron ore, machinery, pulp, sulphur, coal…
In-house ship agency: Compass Marine Services
Head office in Vancouver, BC
www.ctlwestrans.com
Freight Markets into Asia
Large Shipments : 20,000mt to 50,000mt Economies of scale with full bulk vessels
Medium Shipments : 5,000mt to 15,000mt Semi-liner services & cargo parcelling
Small Shipments : < 5,000mt Full liner services (containers)
Bulk Vessels – Full Cargo Large bulk shipments of 20,000mt to 50,000mt
Economies of scale = lowest cost per M/T
Limited by restrictions at both load port and discharge port: Draft restrictions Terminal equipment Storage capacity
Full Vessel - CalculationShipment Size : 25,000mt 50,000mtVessel Daily Rate : $ 7,600/day $ 7,000/dayVoyage Time : ~47.0 days ~58.2 days
Vessel Cost : $ 357,200 $ 407,700Bunkers (Fuel) : $ 571,500 $ 749,200Port Costs : $ 82,000 $ 110,000Misc, Days, TT: $ 35,300 $ 44,300Lump sum: $ 1,046,000 $1,311,200
$ 41.84 /mt $26.23 /mt
+ Loading costs ~ $15 - $25 / mt
Semi-Liners & Cargo Parcelling Shipments of 5,000mt to 15,000mt
Carriers regularly calling Vancouver for dedicated base cargo
Monthly or bi-weekly service
Base cargoes of pulp, lumber, concentrates
Parcelling of spot fixture cargo
3 of 5 holds with grain space for 2 holds of pellets
Combination shipment (same product)
2-3 shippers sharing space on the same vessel
Part Cargo - Calculation What is the “Contribution to the Voyage” of the additional cargo?
Consider additional costs -vs.- revenue on 1 hold of cargo
The key is to minimize deviations like extra ports and extra time
Owners consider what other contract cargoes could pay:
10k Copper concentrate parcels to Korea paying ~$45/mt
10k Canola parcels to Japan paying ~$53/mt
Current rule of thumb is ~$50/mt on 10,000 parcels to Japan
Full Liner (Container)Small Shipments < 5,000mt
22 - 24mt pellets / 20’ container26 - 28mt pellets / 40’ container
Vancouver to Busan:$1,150 - $1,250 per 20’ container = $50-$55/mt
$1,500 per 40’ container = $57/mtTransloading, Stuffing, Drayage = $20-$25/mt
Freight Market – Critical Factors Supply and demand of vessels – currently an oversupply of tonnage
High bunker prices account for 55-65% of current voyage costs
Competition from other cargoes – what do they pay?
Very good market for Vancouver to Asia – many ships and options
Considerations & Strategies Parcelling or combining several shippers on a single vessel
Single hold on semi-liner vessels with regular service
Getting product from origin to Vancouver & other ports?
Terminal transloading abilities?
Storage -vs.- direct load from railcar to vessel
Bagged product – handling, storage, tiers in vessel or containerization
Stowage Factor = 53 Cubic Feet Per Metric Tonne 40’ vs 20’
Ben Vandenberghe
CTL Westrans Shipbrokers
www.ctlwestrans.com