We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please
click here .
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 .
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 ...
Showing 16 to 20 news of total 6209
Bayan Resources Tbk. - Indonesia TeaM Sual Corporation - Philippines Romanian Commodities Exchange Lanco Infratech Ltd - India Oldendorff Carriers - Singapore Coalindo Energy - Indonesia 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 Dr Ramakrishna Prasad Power Pvt Ltd - India Ind-Barath Power Infra Limited - India Dong Bac Coal Mineral Investment Coporation - Vietnam Salva Resources Pvt Ltd - India Bukit Makmur.PT - Indonesia Minerals Council of Australia Vizag Seaport Private Limited - India 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 Miang Besar Coal Terminal - Indonesia Mercator Lines Limited - India Carbofer General Trading SA - India Marubeni Corporation - India Orica Australia Pty. Ltd. Heidelberg Cement - Germany Sree Jayajothi Cements Limited - India Barasentosa Lestari - Indonesia Georgia Ports Authority, United States Ambuja Cements Ltd - India ICICI Bank Limited - India Bukit Baiduri Energy - Indonesia 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 South Luzon Thermal Energy Corporation Central Electricity Authority - India Indonesian Coal Mining Association 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 Maharashtra Electricity Regulatory Commission - India GMR Energy Limited - India 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 SMG Consultants - Indonesia Dalmia Cement Bharat India Wilmar Investment Holdings Ministry of Transport, Egypt Timah Investasi Mineral - Indoneisa Bulk Trading Sa - Switzerland San Jose City I Power Corp, Philippines Larsen & Toubro Limited - India Price Waterhouse Coopers - Russia Goldman Sachs - Singapore Iligan Light & Power Inc, Philippines Banpu Public Company Limited - Thailand Jaiprakash Power Ventures ltd Kartika Selabumi Mining - Indonesia 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 Kalimantan Lumbung Energi - Indonesia Formosa Plastics Group - Taiwan Asmin Koalindo Tuhup - Indonesia Vijayanagar Sugar Pvt Ltd - India TNB Fuel Sdn Bhd - Malaysia The State Trading Corporation of India Ltd Vedanta Resources Plc - India Singapore Mercantile Exchange Bangladesh Power Developement Board The Treasury - Australian Government IHS Mccloskey Coal Group - USA Indo Tambangraya Megah - Indonesia Power Finance Corporation Ltd., India Australian Commodity Traders Exchange Rashtriya Ispat Nigam Limited - India Sojitz Corporation - Japan GVK Power & Infra Limited - India Ministry of Mines - Canada The University of Queensland Sindya Power Generating Company Private Ltd Kideco Jaya Agung - Indonesia Electricity Generating Authority of Thailand Indian Oil Corporation Limited Bahari Cakrawala Sebuku - Indonesia Semirara Mining and Power Corporation, Philippines Agrawal Coal Company - India Central Java Power - Indonesia 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 Commonwealth Bank - Australia 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
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.
