Newsletter – March 2012

Newsletter – March 2012
Maize stocks should reach the lowest level,
analysts say
The drought that is affecting major agricultural
producing countries, from Mexico to Argentina, is
pushing global inventories of maize to its lowest
level in five years, according to estimates of 21
analysts heard by "Bloomberg". According to
them, there may be a 4.2% decrease of output of
the commodity, to 123.43 million tons until
October 1.
The trend is a rise in maize prices in the short
term. Goldman Sachs predicts a shift of 8.8%, to
$ 7.00 per bushel, before the U.S. crop begins in
September and softens the pressure on the grain.
It is a reversal of trend for the last four months of
2011, when maize futures contracts decreased
16% on the expectation of the Department of
Agriculture (USDA) that Argentina and Brazil reap
record crops.
Despite this, analysts believe that prices will go
down at the end of the year when U.S. producers
finalize the crop - which, after all, has the largest
planted area since 1944
Source: Valor econômico 08/03/2012
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Coopersucar opens new Terminal
Coopersucar has just opened its multimodal
sugar terminal in the city of Ribeirão Preto,
in São Paulo state, with investments of
about $ 30 million and that can be reached
either by road or railroad. The structure,
which is served by a railroad, has a stock
capacity of 70,000 tons.
The operation is supposed to have the
cargo arriving by truck to the Terminal, and
from there to be loaded on train wagons to
the Port of Santos, where the company has
also allocated resources to expand its sugar
terminal in that Port.
The company also starts, in March, the
construction of the Terminal Etanol de
Paulínia, which will also be designed to
exportation of the sugar.
Source: Guia maritimo14/03/2012
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WILSON, SONS AGÊNCIA
Av. Rio Branco, 25 / 5º andar – Centro
Rio de Janeiro, RJ, Brasil - 20090-902
Tel: +55 21 3504 4139
Fax: +55 21 3504 4249
[email protected]
Wilson Sons signs contract with Petrobras to
build four vessels
The four vessels will be built on the dockyard of
the company, in Guaruja (SP), and will be
delivered by 2015. The hires are part of the
Programa de Renovação da Frota de Apoio
Marítimo (Prorefam).
Wilson Sons Limited said that Wilson, Sons
Ultratug Offshore (WSUT) signed a contract with
Petrobras for the construction and operation of
four vessels of the type 4500 PSV (Platform Supply
Vessel).
According to a statement filed to Comissão de
Valores Mobiliários (regulatory agency of the stock
exchange), the vessels will be financed with funds
from the Fundo da Marinha Mercante (FMM). The
WSUT – of which the Wilson Sons Limited holds a
50% stake – has estimated that it will have a fleet
of more than 30 OSVs (Offshore Support Vessels)
by 2017. Its strategy is to build different types of
vessels to meet the demands of national and
international companies for oil in Brazil.
According to Petrobras' strategic plan, nearly 300
new marine support vessels will be needed by
2020 to attend the demand created by the
exploration and production stocks of pre-and postsalt.
Source: Portos e Navios-13/03/2012
OSX signs contract to build 11 tankers
OSX will build 11 tankers for Kingfish,
announced on Monday the shipyard company
belonging to the EBX group. The contract
between OSX and Kingfish guarantees deliveries
until 2017, in the Unidade de Construção Naval
do Açu, in State of Rio de Janeiro, according to
the statement.
The vessels are of the type medium range (MR),
have 45 000 tons deadweight (DWT) and are
designed to transport of crude oil and clean
products. The vessels will be chartered to
Petrobras.
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"Now, 14 projects of shipbuilding projects make
up the business plan of OSX in the Unidade de
Construção Naval do Açu. The team will build in
Sao Joao da Barra 11 tankers for Kingfish and a
Pipe-Laying Support Vessel ship (PLSV) for
Sapura Seadrill, in addition to performing
integration of the FPSO OSX 4 and 5 for OGX,
"said President of OSX, Luiz Eduardo Guimaraes
Carneiro in a statement.
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Source: Reuters 12/03/2012
(By Diogo Ferreira Gomes)
WILSON, SONS AGÊNCIA
Av. Rio Branco, 25 / 5º andar – Centro
Rio de Janeiro, RJ, Brasil - 20090-902
Tel: +55 21 3504 4139
Fax: +55 21 3504 4249
[email protected]
Government
worries
about
restrictions to Vale's bulkers
China's
The Brazilian Ambassador in China, Clodoaldo
Hugueney, admitted today that the brazilian
government is concerned with the restrictions
imposed by the asian giant on the entry of Vale's
super bulkers, each with a capacity of 400 million
tons. He said the issue was discussed with the
Chinese delegation in February, during a meeting
between Chinese and Brazilian officials.
Hugueney reports that during the event China said
that its decision is linked to safety concerns in the
Chinese ports, which supposedly can receive ships
of only up to 300000 tons. However, he said the
Chinese delegation did not close the door to the
Brazilian mining company and admitted to revise
the restriction in case port safety and compliance
can be guaranteed. He also said that Vale is in
direct talks with the local government to find
solutions to this issue and he believes that there
shouldn't bigger problems related to this matter.
Source: Portos e Navios 09/03/2012
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Australian company will explore ore in
Bahia
Cabral Mineração, brazilian branch of the
australian mining company Cabral Resources,
announced an investment of nearly $ 5 billion in
the exploration of iron ore in Bahia state. The
investments include the opening of the mine and
processing plant construction. The estimated
start of operations is in 2015 and the aim is to
export to China.
With shares traded on the Stock Exchange of
Sydney, Cabral Resources was founded in 2011
with the specific purpose of investing in iron ore
in Bahia. It has as main stakeholder the
Australian subsidiary of the state-owned
company China Railway Materials Corporation
The local government offered a package of
incentives, such as easier funding from brazilian
state-owned banks and reduction of local taxes
for 72 months.
Source: Portos e Navios 15/03/2012
Czarnikow is opmistic with forecasts of a
surplus of sugar for the 2011/12 period
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On Monday, Czarnikow raised its forecast for
global sugar surplus for the 2011/12 period to 7.7
million tons, for the raw sugar, above the previous
estimate of 6.1 million.
Global output was projected to reach a record of
178.1 million tons, compared to the 177.1 million
tons that had been previously forecast.
"Now it is certain that global stocks will rise this
year. After three years of downgrades, the record
global production will see the balance of sugar
supply in its best state in many years," said the
director of merchant Czarnikow, Toby Cohen
Source: Reuters 05/03/2012
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WILSON, SONS AGÊNCIA
Av. Rio Branco, 25 / 5º andar – Centro
Rio de Janeiro, RJ, Brasil - 20090-902
Tel: +55 21 3504 4139
Fax: +55 21 3504 4249
[email protected]