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  4. Cotton & Western Mining Inc. (CWRN) Message Board

I see Iggy has said this is not the one- iggy is g

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Post# of 8059
Posted On: 07/19/2012 6:35:29 PM
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Posted By: microcaps
Re: gegen37 #2068

I see Iggy has said this is not the one- iggy is good at spotting ships via sometimes cumbersome ship or port sites (which are sometimes more difficult than ship sites) sites -


educate us iggy so we can lean more -does this have a CHA (scrap metal and agriculture) designation rather than a MIN (designation)?
Agricultural ships picking up goods from Ensenada often seem to carry far smaller loads-is there another large pile of scrap metal at the port? or the same pile or part of that scrap metal pile that was at port from Mar to June.


For future ship watching the ports of Tianjin or Qingdao (like this one which apparently left Qingdao 19 days ago and is now approaching Ensenada- they have the ETA messed up -what they pose as ETA is the time it left Qingdao-Pacific ship crossing as w this one for the ships we've seen is usually 20-22 days) are the most likely ports for Bao Steel to use for a round trip ship.


If CWRN is shipping some of the 75k tons of sinter fines (last 2 PR's) separated out from the 0-1mm by the trommel the ship could be one that hauls anywhere from the usual 36-45k Handymax we've seen to a Panamax (60-80k tons but usually max of 75k tons w an effective max load of ca 73k tons due to weight of ballast,fuel and people).


Its unknown how much of the ca 75 k of sinter fines (calculated from dd-see previous posts) has been trucked to port since the 6-25-12 PR. Calculations based on roundtrip trucking times and the actual load carried by these trucks show they could truck a Panamax in 3 weeks as noted ca Jan 2011 by the guy whose co dredged the port.


Tianjin is closest to Bao's HQ but Qingdao (see map) is the port most often used for Chinese iron imports I believe -which is why the Platt indexes reference the price to Qingdao.




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