We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please
click here .
9TH GLOBAL MANUFACTURING SUPPLY CHAIN INNOVATION S ...
OFFSHORE MENA CONGRESS 2019
COALTRANS ASIA
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
OFFSHORE CARIBBEAN CONGRESS 2019
LNG WESTERN AFRICA CONFERENCE 2019
2ND ANNUAL INDIA COAL CONFERENCE 2019
SHIPTEK 2020, SINGAPORE
RAO / CIS OFFSHORE 14TH INTERNATIONAL CONFERENCE A ...
OMAN\'S 9TH INTERNATIONAL EXHIBITION FOR INFRASTRU ...
INFRA OMAN
To get the WTI oil price , please enable Javascript.
To get the BRENT oil price , please enable Javascript.
Thursday, 26 April 18 BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exchange members to take advantage of the Exchange’s trusted position in the marketplace when undertaking the sale or purchase of a vessel.
Announcing the initiative today (25 April) at its Freight & Commodities Forum during Singapore Maritime Week, the paid-for service will be available for use in transactions where the buyer of the vessel is a Baltic Exchange member. The service is likely to be extended to disputes related payments.
The Escrow Service will be run by the Baltic Exchange’s Asia office in Singapore and will be subject to the Singapore Exchange’s (SGX) detailed compliance and money laundering procedures. OCBC Bank will be providing the joint deposit account.
Headed up by the Baltic Exchange’s Head of Asia-Pacific, Chris Jones, a sale & purchase broker with over 40 years of experience, the service will initially be offered from Singapore with a view to further expansion to other Asian shipping centres.
Chris Jones said, “Having the Baltic Exchange provide this service solves the problem as to where the deposit should be held in a vessel transaction. Buyer and seller alike can be certain that the Baltic Exchange will apply its high standards of compliance as well as have a full understanding of the complexities of any maritime transaction.”
He added, “This service will add real value to the many sale & purchase brokers who are Baltic members and are currently expected to provide this service to clients. It will allow them to undertake the highest level of due diligence and compliance checks, reduce the administrative burden of organising a client escrow account and allow them to focus on adding value to the transaction.”
The service will go live in May 2018 and will cost US$ 5,000 per side.
Source: Baltic Exchange
If you believe an article violates your rights or the rights of others, please contact us .
Wednesday, 24 April 19 SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...
Monday, 22 April 19 COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants
Surge in coal imports has now forced Coal India Ltd (CIL) ...
Thursday, 18 April 19 BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...
Wednesday, 17 April 19 ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...
Wednesday, 17 April 19 LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries
LNG Western Africa Conference 2019 ...
Showing 16 to 20 news of total 5472
Trasteel International SA, Italy Independent Power Producers Association of India Orica Australia Pty. Ltd. Kumho Petrochemical, South Korea Karaikal Port Pvt Ltd - India Rio Tinto Coal - Australia Metalloyd Limited - United Kingdom Carbofer General Trading SA - India Coastal Gujarat Power Limited - India Aditya Birla Group - India Ministry of Mines - Canada Indonesian Coal Mining Association Lanco Infratech Ltd - India Minerals Council of Australia ASAPP Information Group - India Bank of Tokyo Mitsubishi UFJ Ltd Madhucon Powers Ltd - India Kartika Selabumi Mining - Indonesia Meenaskhi Energy Private Limited - India Altura Mining Limited, Indonesia Mintek Dendrill Indonesia Toyota Tsusho Corporation, Japan Samtan Co., Ltd - South Korea India Bulls Power Limited - India Oldendorff Carriers - Singapore Borneo Indobara - Indonesia Electricity Generating Authority of Thailand Maheswari Brothers Coal Limited - India Thai Mozambique Logistica Heidelberg Cement - Germany Bhatia International Limited - India Pendopo Energi Batubara - Indonesia Mjunction Services Limited - India Antam Resourcindo - Indonesia Interocean Group of Companies - India Gujarat Sidhee Cement - India Timah Investasi Mineral - Indoneisa Merrill Lynch Commodities Europe Essar Steel Hazira Ltd - India Directorate Of Revenue Intelligence - India Jaiprakash Power Ventures ltd Chamber of Mines of South Africa Dong Bac Coal Mineral Investment Coporation - Vietnam Wood Mackenzie - Singapore Holcim Trading Pte Ltd - Singapore Sakthi Sugars Limited - India Port Waratah Coal Services - Australia VISA Power Limited - India Gujarat Mineral Development Corp Ltd - India Ministry of Finance - Indonesia Edison Trading Spa - Italy Parry Sugars Refinery, India Karbindo Abesyapradhi - Indoneisa Directorate General of MIneral and Coal - Indonesia Bharathi Cement Corporation - India Truba Alam Manunggal Engineering.Tbk - Indonesia Ministry of Transport, Egypt Intertek Mineral Services - Indonesia Star Paper Mills Limited - India Grasim Industreis Ltd - India Australian Commodity Traders Exchange Barasentosa Lestari - Indonesia Offshore Bulk Terminal Pte Ltd, Singapore Ceylon Electricity Board - Sri Lanka PetroVietnam Power Coal Import and Supply Company Parliament of New Zealand Globalindo Alam Lestari - Indonesia Bukit Baiduri Energy - Indonesia GVK Power & Infra Limited - India Savvy Resources Ltd - HongKong Bahari Cakrawala Sebuku - Indonesia Energy Link Ltd, New Zealand Alfred C Toepfer International GmbH - Germany Power Finance Corporation Ltd., India Deloitte Consulting - India The Treasury - Australian Government Maharashtra Electricity Regulatory Commission - India Global Coal Blending Company Limited - Australia Bhushan Steel Limited - India Tamil Nadu electricity Board Bangladesh Power Developement Board Ambuja Cements Ltd - India Larsen & Toubro Limited - India Sindya Power Generating Company Private Ltd Coal and Oil Company - UAE Orica Mining Services - Indonesia Goldman Sachs - Singapore Malabar Cements Ltd - India Economic Council, Georgia Thiess Contractors Indonesia Salva Resources Pvt Ltd - India International Coal Ventures Pvt Ltd - India MS Steel International - UAE Price Waterhouse Coopers - Russia Cigading International Bulk Terminal - Indonesia London Commodity Brokers - England Posco Energy - South Korea TNB Fuel Sdn Bhd - Malaysia Georgia Ports Authority, United States GMR Energy Limited - India TeaM Sual Corporation - Philippines Agrawal Coal Company - India Ind-Barath Power Infra Limited - India Kohat Cement Company Ltd. - Pakistan Eastern Coal Council - USA Neyveli Lignite Corporation Ltd, - India Indogreen Group - Indonesia Binh Thuan Hamico - Vietnam Indika Energy - Indonesia Eastern Energy - Thailand Sical Logistics Limited - India Commonwealth Bank - Australia Singapore Mercantile Exchange McConnell Dowell - Australia Planning Commission, India Rashtriya Ispat Nigam Limited - India Aboitiz Power Corporation - Philippines Vizag Seaport Private Limited - India Cement Manufacturers Association - India Manunggal Multi Energi - Indonesia Central Java Power - Indonesia Tata Chemicals Ltd - India South Luzon Thermal Energy Corporation Miang Besar Coal Terminal - Indonesia PTC India Limited - India Siam City Cement - Thailand Anglo American - United Kingdom European Bulk Services B.V. - Netherlands Jorong Barutama Greston.PT - Indonesia Attock Cement Pakistan Limited Mercuria Energy - Indonesia Sojitz Corporation - Japan Africa Commodities Group - South Africa IEA Clean Coal Centre - UK Petrochimia International Co. Ltd.- Taiwan PowerSource Philippines DevCo White Energy Company Limited Asmin Koalindo Tuhup - Indonesia Latin American Coal - Colombia Renaissance Capital - South Africa Straits Asia Resources Limited - Singapore GAC Shipping (India) Pvt Ltd Medco Energi Mining Internasional Kideco Jaya Agung - Indonesia Makarim & Taira - Indonesia Kobexindo Tractors - Indoneisa New Zealand Coal & Carbon Coalindo Energy - Indonesia Formosa Plastics Group - Taiwan Central Electricity Authority - India Mercator Lines Limited - India Videocon Industries ltd - India Sree Jayajothi Cements Limited - India Bulk Trading Sa - Switzerland CIMB Investment Bank - Malaysia Xindia Steels Limited - India Romanian Commodities Exchange Indo Tambangraya Megah - Indonesia Wilmar Investment Holdings Chettinad Cement Corporation Ltd - India IHS Mccloskey Coal Group - USA Dr Ramakrishna Prasad Power Pvt Ltd - India LBH Netherlands Bv - Netherlands Jindal Steel & Power Ltd - India PNOC Exploration Corporation - Philippines Indian Oil Corporation Limited Bayan Resources Tbk. - Indonesia Riau Bara Harum - Indonesia ICICI Bank Limited - India Sinarmas Energy and Mining - Indonesia Gujarat Electricity Regulatory Commission - India Banpu Public Company Limited - Thailand Australian Coal Association Siam City Cement PLC, Thailand CNBM International Corporation - China OPG Power Generation Pvt Ltd - India Bukit Makmur.PT - Indonesia Kalimantan Lumbung Energi - Indonesia Standard Chartered Bank - UAE Vijayanagar Sugar Pvt Ltd - India SMG Consultants - Indonesia Krishnapatnam Port Company Ltd. - India Vedanta Resources Plc - India Kaltim Prima Coal - Indonesia The University of Queensland Dalmia Cement Bharat India Simpson Spence & Young - Indonesia Uttam Galva Steels Limited - India Bukit Asam (Persero) Tbk - Indonesia Bhoruka Overseas - Indonesia Kapuas Tunggal Persada - Indonesia Filglen & Citicon Mining (HK) Ltd - Hong Kong Marubeni Corporation - India Billiton Holdings Pty Ltd - Australia The State Trading Corporation of India Ltd Leighton Contractors Pty Ltd - Australia
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exchange members to take advantage of the Exchange’s trusted position in the marketplace when undertaking the sale or purchase of a vessel.
