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Ann: Trading Halt, page-54

  1. 1,390 Posts.
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    Hi Timor, not sure if you have more info on WMA or Raka re their actual shipping abilities?

    Do Raka have bulk shipping abilities for the limestone, or would you see WMA organising that - maybe in contract with Raka? WMA should have plenty of shipping contacts.

    The limestone targets are ‘up to’ - which could be anything from 0 up to the 100mill dmt annual target. That’s a lot of reasonably large (say 35-50k dwt) bulk carriers - or an unfeasible number of small ones.

    TL doesn’t really have a bulk freight capable port, so either a current port will need upgrading, or something like a large continuous shiploader would need to be built to a decent sheltered offshore deepwater anchorage/loading area.

    I know this us getting a bit ahead of the drill program, but you can be sure buyers and Raka are already thinking this thru. Continuity of supply will be a critical point for buyers.

 
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