2. • Phaethon International Co. S.A. is international shipping company providing
transportation services in the sector of conventional bulk and steel cargoes
• Focuses on the handysize (20‐39999 mt dwt), handymax (40000 ‐64999 mt dwt)
panamax (65000 ‐ 119999 mt dwt), capesize (120‐219999 mt dwt) segments and at
any moment commercially controls fleet of about 70‐100 ships.
• Company started activity in 2009
• 67 ships taken into time‐charter during first year of operation and 3 mio tons of dry
cargo moved from ports of Black Sea and Mediterranean seas to ports of Indian and
Pacific ocean
• From 1st Jan 2012 till 20th May 2014 Phaethon chartered 626 vessels and carried
abt 65 mio tons worldwide with following structure of chartered fleet:
Capesize 79 vessels
Panamax 192 vessels
Handymax 253 vessels
Handysize 102 vessels
446 vessels were chartered on spot basis and 180 vessels for short‐long period
19. • Black Sea – China: iron ore (mainly capesizes/split for handymax mainly during
booming of capesize
• Black Sea – Jordan(Aqaba)/Saudi (PG‐Red Rea)/Iran/Pakistan /Bangladesh(Chittagong)
/Seasia (Indonesia,Philipines)/China (corn): grain (panamax/handymax/handysize)
• Black Sea/Turkey – PG/India/SEASIA: steels (handymax/ handysize)
• Black Sea/Turkey – USA: steel (handymax/handymax. panamaxes only for slabs)
• Black Sea – South America: fertilizers (mainly handysize)
• Black Sea – Mediterranean/Continent: grains (panamax/supra/handysize)
• Black Sea – USA: pig iron (panamax/handymax)
• Black Sea – India/China: coal/metcoke (panamax/handymax/handysize)
• Black Sea ‐ Mediterranean/Continent: coal, hbi (handymax/handysize)
• Black Sea – PG/India: clay (handysize)
• Till 2013 it was active fertilizer trade Black Sea – India/Seasia with fertilizers (BPC). Trade
was done mainly by handysize
• Till 2013 it was active trade Black sea‐ Malaysia, Taiwan, South Korea : pig iron /
panamax
Major cargo routes
20. • USA – Black sea: coal (capesize/panamax)
• ECSA – Black sea: sugar(handy/handymax)
• West Africa – Black sea: manganese ore/bauxite
(handy/handymax)
• Indonesia – Black Sea: nickel ore (handy and handymax)
• PG/WCI‐Red Sea: clinker, hbi, grain (panamax, handymax,
handysize – workable via Black Sea mainly during grain season
ONLY)
• China – Med/Black Sea: steels/projects (handy, handymax)
Supply of tonnage:
21. Grain prospects
• In 2013/14 harvest at Ukraine abt 63 mio and Russia abt 95 mio
(export abt 32 mio from Ukraine and abt 20‐23 mio from Russia)
• In 2014/2015 harvest at Ukraine expected abt 50‐55 mio and abt
92 mio at Russia. Export from Ukraine expected around 26 mio
and export from Russia expected abt 24‐26 mio.
• It is expected that as per 2013/14 Ukraine will take the
• second place in rating of world exporters of grain,
• walking up him from a 7 place (2012/13 MGS), leaving
• Argentina, ЕС, Australia, Canada and Russia behind.
• The change of structure of world market of grain caused the
change of geography of export of grain. Ukraine expanded the
presence on the markets of South East Asia/China (in addition to
traditional ones as Europe and Middle East)
22.
23.
24.
25. • Low cargo liquidity at area (especially comparing with 2009‐2010)
• Reducing number of players (cargo traders who accept a risk) on the
market
• High correlation of freight rates with grain season/ disbalance of rates
• One of the most important point to be considered at Black Sea is the
probability of sudden freight rate volatility due to supply/demand
disbalance (despite low general market volatility‐periods of volatility are )
• Less influence of piracy/goa risk on the rates
• Season risks (severe winter/demand for tonnage after end of ice)
• Due to redirection of cargo flows from Seavastopol (and other Crimea
ports) to Mariupol/Odessa/Yuzhny/Illychevsk need to consider congestion
factor (during grain season)
26.
27. Type of garbage Ships outside
special
areas
Ships within
special
areas
Offshore platforms
(more than 12 nm
from land) and all
ships within 500 m of
such platforms
All other garbage including
plastics, synthetic ropes,
fishing
gear, plastic garbage bags,
incinerator ashes, clinkers,
cooking oil,
floating dunnage,
Lining and packing materials,
paper, rags, glass, metal,
bottles, crockery and similar
refuse
Discharge
prohibited
Discharge
prohibited
Discharge
prohibited
Overview of the discharge provisions of the revised MARPOL Annex V
(resolution MEPC.201(62)) in force since 1 January 2013