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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
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Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...
Wednesday, 06 January 21
INDONESIA EXCEEDS COAL PRODUCTION TARGET IN 2020
Indonesian coal production reached 557.54 Million Tons in 2020 1.37% higher than of last year’s total target of 550.00 Million Tons, accordin ...
Wednesday, 06 January 21
CHINESE CITIES REPORTEDLY GO DARK AS COUNTRY FACES SHORTAGE OF COAL, A MAJOR AUSTRALIAN EXPORT - CNBC
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.
Analysts said pr ...
Tuesday, 05 January 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP - XINHUA
China Taiyuan coal transaction price index stood at 136 points Monday, up 0.91 percent week on week.
The index, released by China Ta ...
Tuesday, 05 January 21
THE INDONESIA COAL PRICE REFERENCE SOARS TO HIGHEST ONE-MONTH INCREASE SINCE DECEMBER 2016
COALspot.com: The Indonesia coal price reference for January 2021 settles above $75 for the first time since July 2019 and to highest one-month inc ...
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Romanian Commodities Exchange
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Oldendorff Carriers - Singapore
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Siam City Cement - Thailand
Australian Coal Association
Africa Commodities Group - South Africa
Sical Logistics Limited - India
Xindia Steels Limited - India
OPG Power Generation Pvt Ltd - India
New Zealand Coal & Carbon
Chettinad Cement Corporation Ltd - India
Simpson Spence & Young - Indonesia
AsiaOL BioFuels Corp., Philippines
Bharathi Cement Corporation - India
SN Aboitiz Power Inc, Philippines
Jorong Barutama Greston.PT - Indonesia
Siam City Cement PLC, Thailand
Gujarat Electricity Regulatory Commission - India
Economic Council, Georgia
LBH Netherlands Bv - Netherlands
Thai Mozambique Logistica
Grasim Industreis Ltd - India
SMC Global Power, Philippines
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Ind-Barath Power Infra Limited - India
Dong Bac Coal Mineral Investment Coporation - Vietnam
Salva Resources Pvt Ltd - India
Bukit Makmur.PT - Indonesia
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London Commodity Brokers - England
Kohat Cement Company Ltd. - Pakistan
Gujarat Sidhee Cement - India
Wood Mackenzie - Singapore
Alfred C Toepfer International GmbH - Germany
Mercuria Energy - Indonesia
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Mercator Lines Limited - India
Carbofer General Trading SA - India
Marubeni Corporation - India
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Heidelberg Cement - Germany
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ICICI Bank Limited - India
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Global Green Power PLC Corporation, Philippines
Neyveli Lignite Corporation Ltd, - India
Energy Development Corp, Philippines
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Indika Energy - Indonesia
CNBM International Corporation - China
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Central Electricity Authority - India
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Sinarmas Energy and Mining - Indonesia
Cigading International Bulk Terminal - Indonesia
Kaltim Prima Coal - Indonesia
Leighton Contractors Pty Ltd - Australia
CIMB Investment Bank - Malaysia
Medco Energi Mining Internasional
Sakthi Sugars Limited - India
Gujarat Mineral Development Corp Ltd - India
Tamil Nadu electricity Board
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Global Business Power Corporation, Philippines
Interocean Group of Companies - India
Petron Corporation, Philippines
Kepco SPC Power Corporation, Philippines
Antam Resourcindo - Indonesia
Mintek Dendrill Indonesia
Borneo Indobara - Indonesia
Merrill Lynch Commodities Europe
PTC India Limited - India
Cement Manufacturers Association - India
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Dalmia Cement Bharat India
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Timah Investasi Mineral - Indoneisa
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Larsen & Toubro Limited - India
Price Waterhouse Coopers - Russia
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Iligan Light & Power Inc, Philippines
Banpu Public Company Limited - Thailand
Jaiprakash Power Ventures ltd
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Metalloyd Limited - United Kingdom
Aboitiz Power Corporation - Philippines
Straits Asia Resources Limited - Singapore
Attock Cement Pakistan Limited
Krishnapatnam Port Company Ltd. - India
Global Coal Blending Company Limited - Australia
PetroVietnam Power Coal Import and Supply Company
Makarim & Taira - Indonesia
Offshore Bulk Terminal Pte Ltd, Singapore
Jindal Steel & Power Ltd - India
Karaikal Port Pvt Ltd - India
Aditya Birla Group - India
Deloitte Consulting - India
Indogreen Group - Indonesia
Maheswari Brothers Coal Limited - India
Billiton Holdings Pty Ltd - Australia
Coal and Oil Company - UAE
Edison Trading Spa - Italy
Binh Thuan Hamico - Vietnam
Petrochimia International Co. Ltd.- Taiwan
Meenaskhi Energy Private Limited - India
McConnell Dowell - Australia
Meralco Power Generation, Philippines
PowerSource Philippines DevCo
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Formosa Plastics Group - Taiwan
Asmin Koalindo Tuhup - Indonesia
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TNB Fuel Sdn Bhd - Malaysia
The State Trading Corporation of India Ltd
Vedanta Resources Plc - India
Singapore Mercantile Exchange
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Indo Tambangraya Megah - Indonesia
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Australian Commodity Traders Exchange
Rashtriya Ispat Nigam Limited - India
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The University of Queensland
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Indian Oil Corporation Limited
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Semirara Mining and Power Corporation, Philippines
Agrawal Coal Company - India
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Bhushan Steel Limited - India
Coastal Gujarat Power Limited - India
IEA Clean Coal Centre - UK
Samtan Co., Ltd - South Korea
GN Power Mariveles Coal Plant, Philippines
Renaissance Capital - South Africa
Parliament of New Zealand
Pendopo Energi Batubara - Indonesia
Directorate General of MIneral and Coal - Indonesia
Altura Mining Limited, Indonesia
Tata Chemicals Ltd - India
PNOC Exploration Corporation - Philippines
Rio Tinto Coal - Australia
Ministry of Finance - Indonesia
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Riau Bara Harum - Indonesia
Trasteel International SA, Italy
Chamber of Mines of South Africa
VISA Power Limited - India
Baramulti Group, Indonesia
Karbindo Abesyapradhi - Indoneisa
Therma Luzon, Inc, Philippines
Truba Alam Manunggal Engineering.Tbk - Indonesia
Toyota Tsusho Corporation, Japan
Kumho Petrochemical, South Korea
Madhucon Powers Ltd - India
Directorate Of Revenue Intelligence - India
Bank of Tokyo Mitsubishi UFJ Ltd
Thiess Contractors Indonesia
Bhatia International Limited - India
Parry Sugars Refinery, India
Bhoruka Overseas - Indonesia
Eastern Energy - Thailand
Essar Steel Hazira Ltd - India
Asia Pacific Energy Resources Ventures Inc, Philippines
Star Paper Mills Limited - India
Manunggal Multi Energi - Indonesia
Mjunction Services Limited - India
Semirara Mining Corp, Philippines
Malabar Cements Ltd - India
Posco Energy - South Korea
Sarangani Energy Corporation, Philippines
International Coal Ventures Pvt Ltd - India
Kapuas Tunggal Persada - Indonesia
Planning Commission, India
Eastern Coal Council - USA
Independent Power Producers Association of India
ASAPP Information Group - India
Videocon Industries ltd - India
GAC Shipping (India) Pvt Ltd
Kobexindo Tractors - Indoneisa
Ceylon Electricity Board - Sri Lanka
MS Steel International - UAE
Port Waratah Coal Services - Australia
Standard Chartered Bank - UAE
Pipit Mutiara Jaya. PT, Indonesia
Anglo American - United Kingdom
India Bulls Power Limited - India
Orica Mining Services - Indonesia
White Energy Company Limited
Latin American Coal - Colombia
Savvy Resources Ltd - HongKong
Energy Link Ltd, New Zealand
Holcim Trading Pte Ltd - Singapore
European Bulk Services B.V. - Netherlands
Bukit Asam (Persero) Tbk - Indonesia
Uttam Galva Steels Limited - India
Intertek Mineral Services - Indonesia
Globalindo Alam Lestari - Indonesia