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Thursday, 05 April 18
INDONESIA TO POSTPONE NEW COAL, PALM OIL SHIPPING RULES TO 2020 - REUTERS
 Indonesia will delay until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, government officials said, putting off efforts to develop local shipping and save foreign exchange reserves.
The decision to postpone the rules by two years may come as a relief to the coal, palm oil and shipping industries, which had raised concerns over the availability of local vessels. Indonesia is the world’s biggest exporter of thermal coal and the top producer of palm oil.
“The trade ministry regulation will be revised,” Oke Nurwan, director general of foreign trade at the Trade Ministry, told Reuters by text message on Wednesday, adding that there was a “high probability” the policy will be postponed for two years as announced on Tuesday.
“Hopefully next week it will be complete,” Nurwan added, referring to the revision.
Ministers and government officials on Tuesday had met to discuss the regulation, and had decided “the timing will be adjusted,” Industry Minister Airlangga Hartarto told reporters after the meeting.
“A special two-year period will be given for shipping (industries),” he said.
The government will push for so-called cost, insurance and freight (CIF) shipping contracts, allowing exporters to choose transportation, whereas most shipments are currently made on a free-on-board (FOB) basis, Airlangga said.
“We can save foreign currency and at the same time develop our national shipping industry,” he said.
Rules mandating the insurance of shipments by Indonesian insurers would still be imposed with an additional grace period of three months from when the trade rules were initially due to come into effect in May.
“This is a matter of readiness. As long as national shipping companies are ready, we’ll support this,” said Hendra Sinadia, executive director of the Indonesian Coal Mining Association.
“As long as there’s clarity going forward and this doesn’t burden exporters in principal, it’s no problem,” he said.
Source: Reuters
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Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
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- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
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